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Rethinking Regulatory Capture
/in Economy, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Randall Holcombe The capture theory of regulation, popularized in an article by Nobel laureate George Stigler, concludes that regulatory agencies become “captured” by the firms they regulate. Regulatory agencies act in the best interest of the firms they regulate rather than serving the general public interest. Regulatory capture partly occurs because regulated firms have a […]
8 Ideas That Will Teach You to Think Like an Economist
/in Budget and Finance, DrRichSwier.com, Economy, Elections, Politics /by DrRichSwier.comBy Foundation for Economic Education (FEE) Sound economic thinking is vital for a prosperous future. Economics is the study of human action—the choices people make in a world of scarcity. Scarcity means that people have unlimited wants but we live in a world of limited resources. Because of this fact people have to make choices, […]
America Excels at Building Bureaucracy
/in Economy, Environment, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Craig J. Cantoni A new bridge in Los Angeles is one example out of thousands. Los Angeles recently celebrated the opening of its new Sixth Street Bridge, which connects downtown to the city’s eastern district and crosses over an industrial area and the L.A. River (drainage wash). Designed to safely accommodate pedestrians, cyclists, and […]
Dictators Who Laud Bitcoin Deserve Your Scorn, Not Your Praise
/in DrRichSwier.com, Economy, Politics /by DrRichSwier.comBy Foundation for Economic Education (FEE) Bitcoin was created as part of the grand dream of sound money and individual liberty, not as a tool to empower tyrants. On June 19, Colombians elected the former socialist guerrilla, Gustavo Petro, as president of the nation. The Marxist, a deep believer in state intervention in the economy […]
World Economic Forum, Totalitarian Enslavement
/in DrRichSwier.com, Economy, Elections, Politics /by DrRichSwier.comBy Kelleigh Nelson “All technologies will be directly embedded into our bodies by 2030.” — Nokia boss, Pekka Lundmark at WEF “Irrational thinking and the embracing of absurdity as a way of life has spread to every corner of the globe—way beyond the first-world countries to the most remote islands in the world. There is […]
BIDENOMICS: Mortgage Demand Drops to a 22-year Low as Higher Interest Rates and Inflation Crush Homebuyers
/in DrRichSwier.com, Economy, Elections, Politics, Regulation /by DrRichSwier.comBy The Geller Report With the Biden Administration’s economic policies devastating the purchasing power of American consumers, home ownership has become out of reach for millions of Americans. What a tragedy. Mortgage demand drops to a 22-year low as higher interest rates and inflation crush homebuyers By CNBC, July 21, 2022 Surging inflation and interest rates […]
Dr. Birx Praises Herself While Revealing Ignorance, Treachery, and Deceit
/in Economy, Education, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Jeffrey Tucker The December 2020 resignation of Dr. Deborah Birx, White House Coronavirus Response Coordinator under Trump, revealed predictable hypocrisy. Like so many other government officials around the world, she was caught violating her own stay-at-home order. Therefore she finally left her post following nine months of causing unfathomable amounts of damage to life, […]
Woke Netflix Loses Nearly 1 Million Subscribers in Historic Loss
/in DrRichSwier.com, Economy, Politics /by DrRichSwier.comBy The Geller Report Wall Street Journal: Netflix Inc. suffered two consecutive quarters of subscriber losses for the first time in its history, and said some key steps it is taking to boost revenue and subscriber growth wouldn’t happen until next year. The company lost 970,000 paid subscribers in the June quarter, fewer than the […]
The Semiconductor Industry Is Coming for Your Wallet. As Usual, Congress Is Complicit
/in Cyberwarfare, DrRichSwier.com, Economy, Politics, Regulation /by DrRichSwier.comBy Foundation for Economic Education (FEE) The Chips Act is a classic case of the government helping special interest groups at the expense of taxpayers. Of all the problems in the world right now, the chip shortage probably isn’t the chief concern for most people, but that doesn’t mean it’s not a serious issue. The […]
Housing Bubble Getting Ready to Pop: Traffic of Prospective Buyers of New Houses Plunges, Homebuilders Cut Prices, Sentiment Dives
/in Economy, Featured, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Wolf Richter Homebuilder stocks have been wobbling lower all year, now down between 24% and 40%. Homebuilders have struggled for well over a year with supply and labor shortages and ridiculously spiking costs. In addition, this year, the new holy-moly mortgage rates added to the woes, and unsold inventories surged to levels not seen since […]
Green Energy Threatens Reliability of Texas, US Electric Grids
/in Economy, Environment, Featured, Liberty, National Security, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Bill Peacock Texans might be forgiven for thinking they have it better than the Brits when it comes to keeping the lights on. After all, they live in the energy capital of the world. However, the destructive nature of renewable energy like that used in Great Britain knows no borders, especially when American politicians […]
Here’s Why The Media Don’t Want You To Know About The Massive Protests Going On Around The Globe
/in Economy, Environment, Featured, National Security, ThePricklyPear.org /by ThePricklyPear.orgBy Beth Whitehead Discontent with left-wing policy failures is triggering massive protests all over the world. Just don’t expect to read all about it in the New York Times. If you skim the front pages of major corporate news outlets, you’ll find no mention of the economic protests raging in Spain, Morocco, Greece, and the […]
Federal Plan to Save Local Government Jobs Cost $800,000 Per Job Annually, Economic Paper Finds
/in Commentary, DrRichSwier.com, Economy, Elections, Politics /by DrRichSwier.comBy Foundation for Economic Education (FEE) Why was the program so wasteful? The answer is surprisingly simple. We’re finding out more every day about the true cost of Covid-19 policies. Economists Jeffrey Clemens, Philip G. Hoxie & Stan Veuger recently released a paper titled Was Pandemic Fiscal Relief Effective Fiscal Stimulus? Evidence from Aid to State and Local […]
Twelve Questions on Economic Issues for the Next Congress
/in Economy, Featured, Liberty, National Security, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Jeffrey Tucker We are now experiencing an economic crisis that could get worse. Financials are in bear markets. Inflation is roaring. The recession could soon become official. Many voters are looking to their elected representatives to address the problem. What follows are questions that I would like to pose to any and all candidates […]
REPORT: Biden Poised To Declare Climate Emergency To Ram Through Green Agenda
/in Courts & Law, DrRichSwier.com, Economy, Energy, Environment, Politics, Science /by DrRichSwier.comBy The Daily Caller President Joe Biden could declare a climate emergency as soon as this week, according to The Washington Post, in a bid to implement elements of his environmental agenda as climate legislation has stalled in Congress. Leading Biden administration officials are debating ways to advance the president’s agenda, and the president is […]
REPORT: Chinese Developed ‘Mind-Reading’ Artificial Intelligence to Measure Loyalty to the Chinese Communist Party
/in DrRichSwier.com, Economy, Elections, Politics /by DrRichSwier.comBy The Geller Report And this is who the Democrat party of treason serves and services. I don’t believe this but I do believe it will be used to eliminate any opposition and dissidents. Researchers in China claim they have developed ‘mind-reading’ artificial intelligence that can measure loyalty to the Chinese Communist Party, reports say […]
The Everything Bubble Is Imploding
/in Economy, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Neland Nobel A few years ago, some smart observers popularized the phrase “the everything bubble” to describe the behavior of the financial markets. Years of zero interest rates and bank reserve expansion through the Federal Reserve’s policy of Quantitative Easing set off a wave of asset price inflation. Fiscal policy (Federal spending) was aggressive […]
The Global Food System and Totalitarian Control
/in DrRichSwier.com, Economy, Elections, Environment, Politics /by DrRichSwier.comBy Kelleigh Nelson “Politicians are more or less so warped by party feeling, by selfishness, or prejudices, that their minds are not altogether balanced. They are the most difficult to cure of all insane people.” — Robert E. Lee, from his personal journal, circa 1860 “A decline in courage may be the most striking feature […]
Once Again, Senator Manchin Detonates Biden’s Agenda
/in Economy, Environment, Featured, Healthcare, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Rick Moran Nero Incendiarius!” (“Nero, the arsonist”) Romans called their emperor after most of Rome burned to the ground in 64 AD. The rumor was that Nero wanted to burn down the city as inspiration for one of his poems — a myth started by Nero’s enemies. But most of Rome wanted Nero’s head […]
The Left Is About To Pay For Their Energy Insanity
/in Economy, Environment, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Neil Patel Most politicians and activists have strong views on every political issue. Those views grow from their fundamental political philosophies and beliefs. The best politicians know how to balance their political ideals with a keen watch on how they affect the lives of everyday Americans — those who voted them into office. Go […]
Starbucks CEO Blames Woke Elected Officials For 16 Store Closures In Dangerous Cities
/in DrRichSwier.com, Economy, Elections, Politics /by DrRichSwier.comBy The Geller Report Crocodile tears. Woke businesses supported these Woke policies and initiatives. Poetic justice at work. Starbucks CEO Blames Woke Elected Officials For 16 Store Closures In Dangerous Cities Starbucks CEO Howard Schultz blamed woke elected officials in Democrat-run cities for the abrupt closure of 16 stores. By: Tristan Justice Starbucks CEO Howard […]
Testimony to House Ways and Means: Government Policies are Responsible for the American Housing Crisis
/in DrRichSwier.com, Economy, Elections, Politics, Taxes /by DrRichSwier.comBy Edward Pinto On July 13th I testified to the House Ways and Means Committee on the Building Back Better Act. I explained how the bill’s funding proposals will double down on past failed policies, fuel inflation, and once again place low-income and minority households in harm’s way. You can find the executive summary in this […]
Protests Rage As Chinese Banks Won’t Let People Withdraw Their Funds
/in Economy, Featured, National Security, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Jack Mcevoy Crowds of Chinese bank customers demonstrated outside a bank on Sunday over bank accounts that were frozen for months in the Chinese city of Zhengzhou, according to the Associated Press. Several hundred protesters shouting slogans gathered in the early morning at the entrance to a branch of the People’s Bank of China […]
“It’s In-Your-Face Capitalism.” Low-Paid ‘Virtual Cashiers’ Provoke Outrage among Labor Activists
/in DrRichSwier.com, Economy, Labor & Unions, Politics, Science /by DrRichSwier.comBy Foundation for Economic Education (FEE) Virtual cashiers may be coming to a restaurant near you. A new start-up called Percy is based on a simple yet revolutionary idea: virtual cashiers. Essentially, a video calling device is set up at the cash register of your local restaurant or shop. When you want to buy something, you […]
Bernie Sanders’ Dark Money Political Coordinator Launches #DontRunJoe
/in DrRichSwier.com, Economy, Elections, Politics /by DrRichSwier.comBy Jihad Watch Someone had to fire the first shot in the circular firing squad. And it was always going to come from the Left. No matter how much Biden appeases the Marxists, they’re always going to turn on him. It’s the nature of the snake. And yet too many Democrats think that the extremists who […]
SURVEY: Women Voters 50+ Say Inflation and Rising Costs Will Influence their Vote in 2022
/in DrRichSwier.com, Economy, Elections, Politics, Taxes /by DrRichSwier.comBy Dr. Rich Swier HARRISBURG, Pa./PRNewswire/ — A new survey from AARP Pennsylvania reveals that the priorities and concerns of women voters age 50 and older will influence the outcome of the 2022 midterm elections. Women 50-plus make up a significant share of the 2022 electorate in Pennsylvania. They account for one-third (32%) of likely voters overall, […]
Leverage & Interconnectedness Are Blowing Up Crypto & DeFi
/in Economy, Featured, ThePricklyPear.org /by ThePricklyPear.orgBy Wolf Richter That’s what’s different this time: Stuff blows up because of leverage and cascades through the crypto space because everything’s interconnected. Crypto lender and broker Voyager Digital, which also took deposits and offered yield products with huge interest rates of up to 12%, said in a series of tweets today that it is, […]
Delta Paid Passengers $10,000 to Give Up Their Flight Seats. How One Economist Made It Possible
/in DrRichSwier.com, Economy /by DrRichSwier.comBy Foundation for Economic Education (FEE) Julian Simon understood that inherent in market systems are the upsides of mutually beneficial exchange. Delta Air Lines made headlines this month for offering passengers $10,000 to leave their flight. Several customers heading to Minnesota reported being offered $10,000 (in dollars, not flight credits) to voluntarily deboard an overbooked […]
Biden’s Transportation Department Targets CO2 Emissions of Cars on Highways to Push EVs
/in Economy, Environment, Featured, Liberty, Politics, ThePricklyPear.org /by ThePricklyPear.orgBy Bonner Cohen One week after the U.S. Supreme Court ruled that the Environmental Protection Agency could not regulate carbon dioxide emissions from power plants because the agency lacks congressional authorization to do so, the Biden Department of Transportation (DOT) proposed a rule targeting CO2 emissions from highway vehicles, for which DOT also has no […]
Inflation Hits Yet Another Record High As Americans Feel The Squeeze
/in DrRichSwier.com, Economy, Elections, Politics, Regulation /by DrRichSwier.comBy The Daily Caller Inflation climbed 9.1% over the past 12 months, the highest year-over-year percentage increase since December 1981, the Department of Labor (DOL) announced Wednesday. The Consumer Price Index (CPI) increased 1.3% between May and June, according to the DOL report released Wednesday. Economists had predicted that CPI would increase by 1.1% last month and […]