Keyword: freemarket
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Were the Romans close to an Industrial Revolution? (Part 1) | February 25, 2022 | toldinstone
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YouTube has a brand new censorship tactic that appears to be affecting small creators – and one that, on the face of it, makes no sense. Several livestreams posted on Google’s platform last weekend by truckers protesting in Canada have had their audience limited. The reason given to viewers trying to access the videos? They were too popular. “Video unavailable: This video is popular! Due to limited creator history, we’re limiting the number of viewers,” YouTube’s message reads, and then advises visitors to subscribe to the channel “to help this creator reach a broader audience.” No word, though, on whether...
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If you had a financial incentive to do something that wasn't exactly honest, would you abandon your principles and take the cash? Apparently, that's what many medical providers and hospitals in America have been doing, especially since the beginning of the Biden administration. The numbers are staggering — both in money hospitals took in and the very real possibility that their actions caused people to die. If the accusations are true, what happened is truly evil and, I think, points directly to a cause: the removal of God and morality from society, replacing these brakes with what passes for modern...
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Actor Jay Johnston has reportedly been fired from the cast of Bob's Burgers after it was revealed that he participated in the riot at the U.S. Capitol building on Jan. 6, 2021. Johnston has been the voice of Jimmy Pesto on Bob's Burgers for about a decade now, and is also known for roles on productions like Mr. Show, Arrested Development and Anchorman, among others. On Friday, The Daily Beast reported that Johnston had been "banned" from working on Bob's Burgers. Two sources familiar with the situation at the Fox animated sitcom said that Johnston will not be allowed to...
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Last week the corrupt media’s penchant for spinning all things conservative caused a near-fatal case of whiplash. The left began by chastising conservatives for supposedly building “its own echo chamber,” but by the next day, when news broke that Devin Nunes was resigning from Congress to serve as the CEO of Donald Trump’s new media company, the complained-of conservative ecosystem merely represented grift. Both narratives are false, however, which is precisely why leftists peddled them so hard. Axios launched the “echo chamber” accusation with its article titled, “Right wing builds its own echo chamber.” “Conservatives are aggressively building their own...
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House Speaker Nancy Pelosi (D-CA) said Wednesday she believed members of Congress should be allowed to trade stocks despite ethical questions, citing the “free market.” Pelosi, who routinely makes headlines with her husband for their prophetic ability to making winning trades, made the comment in response to a reporter who asked about a Business Insider story based on a five-month review that found a large number of lawmakers and their staffers had been late filing financial disclosures detailing their trades. “Should members of Congress and their spouses be banned from trading individual stocks while serving in Congress?” the reporter asked....
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(CNN)The federal government announced a large hike in Medicare premiums Friday night, blaming the pandemic but also what it called uncertainty over how much it may have to be forced to pay for a pricey and controversial new Alzheimer's drug. The 14.5% increase in Part B premiums will take monthly payments for those in the lowest income bracket from $148.50 a month this year to $170.10 in 2022. Medicare Part B covers physician services, outpatient hospital services, certain home health services, medical equipment, and certain other medical and health services not covered by Medicare Part A, including medications given in...
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The average transaction price for a new vehicle in America hit a record of $45,031 in September. It's the sixth consecutive month of record vehicle prices, according to Kelley Blue Book. That price represents a 12.1% increase (or $4,872 in cold, hard cash) over the same month a year ago and a 3.7% increase over the prior month.(The federal government, meanwhile, calculates new-car prices are up 8.7% year over year.)The reasons for the rapidly increasing prices of new vehicles are well documented, with inventory shortages caused by a lack of microchip availability cited as the latest problem. Last month, however,...
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At least 34,000 home health workers in New York appear to have missed a deadline to get vaccinated under a new state mandate, according to preliminary state data, rendering them unable to work and deepening a shortage of home health aides. At the same time, the vaccination rate among home health workers as the deadline arrived on Thursday - 86 percent - exceeded the expectations of some union and industry leaders, and suggested that thousands of workers decided to get their first shot at the last minute to stay employed. Some industry leaders had predicted that as few as 70...
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A winning Political Narrative is one that can bring All Americans to One Side, unite us against our Common Adversary, and paint a Bright Future to excite us all. The following essay presents such a persuasion. All honest Liberals and Conservatives are ultimately fighting the exact same thing: Greed. Both parties want to dismantle Greed, as they see it in the otherâs ideology. To dismantle Greed, we must address its power source: top-down power structures. What are top-down power structures? Centralized governments, corporate monopolies, federal banks, the IMF, globalist institutions and institutionalized religions, and other shadowy structures where Few dictate...
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Neoliberal economists prefer abstractions to proper nouns so they don’t have to assign actions or consequences to actual people. But the people involved in productive labor are not some “input” into the market, easily shuffled about like interchangeable pawns on a chess board. They are American citizens, whose competencies and concerns should matter intensely to their elected representatives. Yet here we are, as the European Union looks into manufacturing semiconductors, having discussions about the theory of comparative advantage with people who imagine the post-war consensus is still meaningful. A nation gains comparative advantage through dedicated work and application of labor...
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This is why I think it should be referred to instead as the "blessed free market system." I admit, this change in nomenclature would be an uphill battle. In so many ways, the free market has improved our lives to such a degree that it would be completely impossible for the vast majority of humanity to imagine living like their forebears did just a hundred years ago.
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“Be careful at this stone. Do you see the holes? A rattlesnake lives here,” Linda Rawles warns. She says it’s better to make a lot of noise to scare off the potentially deadly creature. That has also been Rawles’ approach to the presidential campaign: Make as much noise as possible to keep the worst, or more of it, from happening this November. The 61-year-old lawyer, like many in her age group, is doing all she can take make sure Donald Trump does not win reelection. She says that is because his rude, racist, misogynistic, xenophobic style has angered old allies....
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Whenever people question the wisdom of the possibly-well-intentioned “stay at home” orders, there are those who scream "But this Virus is REAL! It really KILLS people!" – and accuse others of denying its reality. So, let’s start today with a clarification: We know. We agree. COVID-19, also known as the Wuhan Flu or the CCP Virus, is certainly real. It certainly does kill some people. Frankly, even those who refer to it as a hoax aren’t actually denying that it’s real. Even they acknowledge its existence; they are just saying that the danger is overblown, that it’s a genuine, occasionally...
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Medicine is probably the only area of our economy where corporations, private equity investors, venture capitalists and Wall Street tycoons don’t deliver value. Corporate medicine is big business, but it’s not Sam Walton trying to bring low-cost, high quality health care to a town near you. Private equity funds are targeting areas of medicine where they can gouge patients, extort insurers and loot employee health plans. Free-market capitalism has repeatedly proven to provide consumers the most goods at the lowest prices. The benefit of capitalism is self-evident. Walmart, Dollar General and Amazon are great examples. Walmart brought low-cost goods to...
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Dr. Richard Ebeling, professor of economics at The Citadel, The Military College of South Carolina, and my longtime friend and colleague, has written an important article, "Business Ethics and Morality of the Marketplace," appearing in the American Institute for Economic Research. Its importance and timeliness is enhanced by so many of America's youth, led by academic hacks, having fallen prey to the siren song of socialism. In a key section of his article, Ebeling lays out what he calls the ethical principles of free markets. He says: "The hallmark of a truly free market is that all associations and relationships...
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Many stores sought to open earlier than Black Friday to relieve some of the pressure of shoppers swarming for good deals, but there have already been incidents at Walmarts around the country. At one Walmart, two women in hijabs fought over a vacuum, forcing several employees to intervene:
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Recently there seem to be an increasing number of claims that American prosperity resulted from slavery. This is presented as justification for the renewed calls for reparations for slavery, which Democrats are using in an attempt to gain support as we approach the next presidential election. But did slavery actually create the wealth of the U.S.? Does this claim have any historical basis in fact, or is this a distortion of history to influence the views of voters? We should all agree that slavery is an immoral institution in which people are treated as property and work, not for themselves,...
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We study history to learn from it. If we can discover what worked and what didn’t work, we can use this knowledge wisely to create a better future. Studying the triumph of American industry, for example, is important because it is the story of how the United States became the world’s leading economic power. Free markets worked well; government intervention usually failed. The years when this happened, from 1865 to the early 1900s, saw the U.S. encourage entrepreneurs indirectly by limiting government. Slavery was abolished and so was the income tax. Federal spending was slashed and federal budgets had surpluses...
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Reflections on the free market, at Chicago’s McCormick Place I like trade shows and conferences. I’ve attended a lot of them - and I’ve given speeches at a few - and I have always found them to be a wonderful microcosm of both society and the economy. No matter how troubled a city or state may be, the trade show is a place to be re-invigorated about the potential in our own American economy and even in the world at large. This week, for example, walking through the Housewares Show at Chicago’s McCormick Place, I was reminded of a number...
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