Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Category Archives: Free Market

Moore’s Law, the IRS and Obamacare

This article was first published at the McAlvany Intelligence Advisor on May 20th, 2013.

 

The likelihood that the combination of Moore’s Law and the inability of the IRS to keep up with it could spell the end of Obamacare altogether is increasing.

Nearly 50 years ago Intel co-founder Gordon Moore predicted that the number of transistors implanted on circuit boards would continue to double every two years. So accurate was his prediction that “Moore’s Law” is now used in the semiconductor industry as

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Feds Demand Wiki-Weapon Maker Pull Its 3D Gun Blueprints

When Cody Wilson, founder of Defense Distributed, received a letter from the U.S. Department of State on Wednesday demanding that he shut down his website that provided free blueprints to build a gun using 3D printing technology, he

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The North Dakota ripple effect

The Minneapolis Fed has analyzed unemployment and wage rates in North Dakota and surrounding states and have discovered – eureka! – that there is a definite ripple effect that extends outward for hundreds of miles. They even have a graph showing their results:

Weekly wages in the Bakken oil fields have risen by an amazing 140% in just the last decade, while unemployment has dropped to under 2 percent. The impact, however, isn’t limited just to the immediate area. As far away as Rapid City, South Dakota, unemployment is dropping and wages are rising (albeit more slowly than unemployment is dropping).

The farther away from Bakken, however, the more other more local factors are felt:

As distance increases, many  other factors likely explain wage gains or unemployment rates relative to  distance from the Bakken. For example, more agriculture-intensive counties are  also benefiting from the strong farm sector.

Just imagine the impact in California, for example, if the greenies there would like developers explore the newly discovered oil shale opportunities there. And if the greenies relent and let Colorado develop its resources, the same ripple effect would like occur.

Come to think of it, wouldn’t this happen all across the country, if governments (national, regional and local) would just get out of the way?

Austerity is impending the economy, say the Keynesians

Two writers at The New York Times have embraced the fallacy that cutting government spending is keeping the economy from growing. It is Keynesian claptrap.

Let’s let them rant a little before responding:

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3D Printing: the mass production of custom-designed products

Harry Wallop asks a question, the answer to which is going to change our lives. Here’s the question:

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3D Guns are here!

You’ve no doubt been watching this technology unfold, perhaps more rapidly than anyone expected. But the day has arrived: anyone with a 3D printer and some software available on the internet for free can print his own gun. 3D printers are now for sale at just over $1,000. The software is available here.

The developer is a libertarian law student (is that an oxymoron?) from

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Pro-Euro German Finance Minister Now Having Second Thoughts?

This, at least, is the gist of the headline from the AP: “German who helped start euro now calls for its end.” The AP article that backed it up was just four paragraphs long and led me to think: this guy has awakened to reality! He’s been converted to free market principles! Hallelujah!

Even Ambrose Evans-Pritchard, the conservative writer for the liberal Telegraph, seemed to buy the line, saying

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Calls to Privatize the FAA Follow Controller Furloughs and Airport Delays

It didn’t take long for calls to privatize the FAA to surface following the agency’s announcement on Sunday that due to sequester cuts of $637 million (out of its $16 billion budget), all 47,000 of its employees, including 15,000 air traffic controllers, were being furloughed. The resulting delays were especially noticeable at high-traffic centers like

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Senate Majority Leader Reid Fast Tracking the Internet Sales Tax Vote

Senate Majority Leader Harry Reid decided last week to push through Wyoming Senator Mike Enzi’s bill, the Marketplace Fairness Act, so that it bypasses any committee debates and thus can be brought to the floor for a vote immediately. A vote on Enzi’s bill, s. 743, is expected this week. The Wall Street Journal noted that in his haste to get the bill to the floor for a vote,

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Today is Earth Day. Let’s celebrate free markets that keep things green and growing!

Once again my economic friend Donald Boudreaux has simplified the complex while avoiding the sarcasm that so many are expressing over the celebration of Earth Day. 192 countries have joined in the chorus so it’s a fact of life. We can ridicule it as silliness but there it is. Instead, Boudreaux reminds us that

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The Modern German Economic Model is a Myth – revised and updated

Dessau, a small and steadily shrinking town in the German state of Saxony-Anhalt in what used to be East Germany, is doing the best it can. Ten years after the fall of the Berlin Wall the anticipated “miracle” enjoyed by West Germany following World War II failed to materialize for Dessau and so it is in the process of demolishing some 10,000 empty homes and

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The Modern German Economic Model is a Myth

Dessau, a small and steadily shrinking town in the German state of Saxony-Anhalt in what used to be East Germany, is doing the best it can. Ten years after the fall of the Berlin Wall the anticipated “miracle” enjoyed by West Germany following World War II failed to materialize for Dessau and so it is in the process of

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14,000 Idle Wind Turbines a Testament to Failed Energy Policies

When Element Power announced on Wednesday the closing of a deal to build wind turbines for Blackrock in Ireland, nothing was said about the more than 14,000 other wind turbines lying idle across the world. Instead, Jim Barry, Managing Director for BlackRock, the world’s largest asset manager, expressed great pleasure at its new venture with Element:

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Jim DeMint takes over at Heritage

Yesterday I commented on Ed Feulner’s departure from The Heritage Foundation after 35 years and his reminiscences on the battle of freedom from his perspective from which I took some comfort. Today Heritage’s new president, Jim DeMint, takes over, and the first thing he did was

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The Greenies in Great Britain are nuts too.

And they’re shutting down coal-fired plants and forcing people to freeze, all in the name of green. It’s amazing.

I like Christopher Booker. I like the way he writes, especially when he’s upset over something stupid that politicians and environmentalists have done. I like that he’s written The Real Global Warming Disaster, the 4th best-selling book on global warming in England over the last 10 years. It’s been called “the definitive climate skeptics’ manual.”

A week ago he took off after the unanticipated consequences of trying to go green in England which has shut down two coal-fired plants and left the citizenry at the mercy of wind. Here’s Booker:

As the snow of the coldest March since 1963 continues to fall, we learn that we have barely 48 hours’ worth of stored gas left to keep us warm, and that the head of our second-largest electricity company, SSE, has warned that our generating capacity has fallen so low that we can expect power cuts to begin at any time. It seems the perfect storm is upon us.

The grotesque mishandling of Britain’s energy policy by the politicians of all parties, as they chase their childish chimeras of CO2-induced global warming and windmills, has been arguably the greatest act of political irresponsibility in our history.

I’d hate to read what he says when he really gets upset!

Here’s more:

Three more events last week brought home again just what a mad bubble of make-believe these people are living in. Under the EU’s Large Combustion Plants Directive, we lost two more major coal-fired power stations, Didcot A and
Cockenzie, capable of contributing no less than a tenth to our average electricity demands.

And more:

Then, hidden in the small print of the Budget, were new figures for the fast-escalating tax the Government introduces next week on every ton of CO2 emitted by fossil-fuel-powered stations, which will soon be adding billions of pounds more to our electricity bills every year.

I get it. What they can’t shut down they make more expensive. I see.

Not all the crazies live on this side of the pond.

Another internet innovation: same-day delivery

I think this might just work. The biggest drawback to shopping online is the time it takes to receive the goods – between 3 and 7 days. I remember getting very nervous that an important gift I’d ordered for Mary for our 49th (!) wedding anniversary wouldn’t get here on time. I spent more time calling the store and worrying about it than I did in placing the order. It got here in time, just barely!

So Google is taking a page out of Amazon’s and eBay’s book and

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.