Economics

Freedom of Choice is What Sets Capitalism Apart — Not Competition | Mises Wire

Posted on by johnbarleycorn12

Capitalism has often been described by as “a system of competition” by its adversaries, or a system “based on competition.” Naturally, this assertion is usually coupled with a spirited oration on how this “tooth n’ nail” competition psychologically corrupts us – pitting man against man in a “race
— Read on mises.org/wire/freedom-choice-what-sets-capitalism-apart-—-not-competition

Why Trump Won | PragerU

Posted on by johnbarleycorn12

Were you shocked at the results of the 2016 American presidential election? Most people were, but Stephen Harper was not one of them. Here, the former Prime Minister of Canada explains the trends that foreshadowed Trump’s victory and left many political elites looking wildly out of touch.
— Read on www.prageru.com/videos/why-trump-won

I agree

This Simple Money Trick Could Help You Stop Overspending

Posted on by johnbarleycorn12

You know that feeling as soon as you walk through the doors of your favorite store? You hear that little voice in your head all-out screaming, “I NEED ALL OF THIS!” Even though you definitely know that no, you do not need any of these tempting little tchotchkes catching your eye, you also know that you’re bound to walk out with a few. Soon enough, the buyer’s remorse sets in. But it doesn’t have to be this way.

— Read on curiosity.com/topics/this-simple-money-trick-could-help-you-stop-overspending-curiosity/

Donald Trump adds $1 trillion to national debt in 14 months – Washington Times

Posted on by johnbarleycorn12

President Trump has now amassed his first $1 trillion in debt, crossing that ignominious mark late last week — and analysts said it’s just a taste of what’s to come after the tax-cuts and spending spree of recent months.
— Read on www.washingtontimes.com/news/2018/mar/15/donald-trump-adds-1-trillion-national-debt-14-mont/

Trump promised to pay down the debt while he and Ryan made it worse.

Margaret Thatcher on the True Duty of Government | Armstrong Economics

Posted on by johnbarleycorn12

I have been asked many times why I was friends with Margaret Thatcher. I’ve also been asked if I have known any other politicians since who I was proud to call a friend. This video explains a lot as to why we were friends. We shared a view that really no longer exists in government be it among the Republicans in the USA or the Conservatives in the UK. I have not met any politicians ever since who truly understands the role of government and its impact upon the people. I suppose I am not suited for this time period. I cannot change the course of events for the whole. All I can do is watch the consequences of our own stupidity. I am proud to have met Maggie. She had a brilliant mind. I named that report “It’s Just Time” after her remark when we were discussing politics. She predicted Tony Blair would win in Britain long before he even appeared. When I asked her why, she replied, “It’s just time,” and that the Conservatives had been in power too long. Maggie addressed our 1996 World Economic Conference. For a head of state to come to our WEC and publicly address the audience was an endorsement of the fact that Maggie herself understood cycles existed.
— Read on www.armstrongeconomics.com/armstrongeconomics101/understanding-cycles/margaret-thatcher-on-the-true-duty-of-government/

Truer words were never spoken on this topic.