US Job Market: Cloudy With A Chance of Expletive
The December 2013 jobs report was about like the December 2013 weather. It was cloudy with a chance of Expletive. Depending on whose estimate you trust more, the models missed reality by 113 to 151 thousand. I’ll credit the BLS with not hiding the decline and admitting this one was a stinker. Contrary to expert opinion, I think it would have been a stinker regardless of what fell out of the sky. If the current set of conditions indicates recovery, God preserve me from an economic relapse. I’ll detail my reasoning below.
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The Navy Yard Shootings Had Nothing To Do With Gun Control or Race
A lot of people have raised pet political issues in the wake of the terrible Navy Yard Active Shooter Incident. Senator Feinstein and David Frum both seem to believe it couldn’t have happened had the government controlled all firearms and prevented the little people from owning any. Others diametrically opposed argue that a workplace full of guns would prevent Aaron Alexis and those of his ilk from ever having the guts to try.*
I’m of the somewhat iconoclastic opinion that arguments over whether there were enough guns, too many guns or the right type of guns available at The Washington Navy Yard have very little bearing on the tragedy that took place at that facility. I’ll set forth the proposition that what happened to the twelve shooting victims who died in Washington, DC is not directly related to how our government interprets 2nd Amendment Rights. It relates instead to how poor a return on investment the American People are receiving for our security expenditures.
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Tags: 2nd Amendment
, Adam Lanza
, Christopher Dorner
, Dzhokhar Tsarnaev
, Karl Denninger
, Nidal Hasan
Restoring The Republic III – Curing The Sickness Known As Healthcare
Don’t get me wrong. I like O-Care about as much as I like getting a prostate exam. The bill is typical of unthinking, boilerplate socialism’s response to the negative externalities that result from market failure. We should therefore trash Obamacare, but let’s just make that the warm-up set. The real heavy lifting required to fix our healthcare system involves addressing the causes of a market failure so catastrophic that something as obviously stupid as Obamacare seemed like a palatable solution.
Karl Denninger explains why poor people often can’t afford health insurance. The care provided is so badly overpriced that health plans are paying out more vastly more than the goods and services provided can possibly be worth. He describes the price mark-up of a common chemotherapy drug below.
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The Demon Behind the Benevolent Mask of the Welfare State II: Property Rights Edition
“While assessing the proposed additional levy on bank accounts in Cyprus, Putin said that such a decision, should it be made, would be unfair, unprofessional and dangerous,” Kremlin spokesman Dmitry Peskov told journalists.
(HT: Yahoo News)
It’s rare that I find myself admiring Vladimir Putin as a human rights visionary. It was a glaring omission from the syllabus back when the KGB used to train agents for USSR. Be that as it may, even Communists and Fascists sometimes make valid points. It makes their evil all the more pernicious, but it doesn’t make Vladimir incorrect in his assessment of the Eurozone’s behavior towards Cyprus this past weekend.
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