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

Tag Archives: Free Market

Venezuelans Pour Into Colombia to Buy Food; Staples Not Available at Home

This article appeared online at TheNewAmerican.com on Monday, August 15, 2016:  

Nicolas Maduro

Nicolas Maduro

Marisol Sayago, a 65-year-old pensioner living in San Cristobal, Venezuela, traveled 40 miles on Saturday to buy 15 rolls of toilet paper. Crossing the border into Colombia, she did what shopping she could on her limited pension check in shops in Cucuta, saying, “It’s not economical, but what else can I do? Over there [pointing back across the bridge to Venezuela] you can’t find anything.”

Sayago was joined by an estimated 54,000 other Venezuelans suffering under the socialist regime of her country’s Marxist president, Nicolas Maduro (shown).

Maduro closed the border with Colombia last August, claiming that

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A Lesson in Free Market Economics – from Venezuela?

This article was published by The McAlvany Intelligence Advisor on Monday, August 15, 2016:  

Over the weekend, some 54,000 Venezuelan citizens living near the country’s border with Colombia poured over the Simon Bolivar Bridge so they could buy toilet paper, cosmetics, vitamins, and tires. Many brought empty suitcases, others brought packets of the nearly worthless Venezuelan bolivar currency, still others brought gold earrings, necklaces, and other personal valuables to exchange in local pawn shops for Colombian currency so they could spend it.

They were there to buy. And the merchants were ready to sell. As they exited the bridge on foot (cars won’t be allowed for at least another month) they were greeted with friendly Colombians

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What Would the Apostle Paul say About the Minimum Wage?

This article was published by The McAlvany Intelligence Advisor on Friday, August 5, 2016: 

One can surmise from his instructions to believers in the church in Thessalonica: “When we were with you, we gave you this rule: Whoever will not work should not be allowed to eat.” What’s less clear is: what if government mandates keep one from working, or keep employers from hiring those willing to work?

St. Paul assumed that people had the freedom to contract out their labor, to sell the one primary thing they possessed: their time and effort in exchange for money. He also assumed that employers, given the opportunity, were free to hire someone who could add value to their businesses.

Minimum wage laws abrogate that essential freedom, with all manner of negative results. One,

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Why Voting for Donald Trump Is a Morally Good Choice

By Wayne Gruden

Some of my Christian friends tell me they can’t in good conscience vote for Donald Trump because, when faced with a choice between “the lesser of two evils,” the morally right thing is to choose neither one. They recommend voting for a third-party or write-in candidate.

As a professor who has taught Christian ethics for 39 years, I think their analysis is incorrect.

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Ending Crude Oil Export Ban Already Helping U.S. Economy

This article appeared online at TheNewAmerican.com on Friday, July 8th, 2016:  

English: Crude oil tanker SAFWA moored off Rot...

Crude oil tanker SAFWA moored off Rotterdam.

Since the 1970s ban on exporting crude oil was lifted last December, the oil industry has given statists and anti-growth politicians a lesson in free markets: exports increased seven times their previous levels in just the first three months of 2016. And this in the face of an economy that is still suffering from the dregs of the Great Recession.

This was predicted by IHS (Information Handling Services), located near Denver, two years ago when the group stated that

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Finding the Perfect VP for The Donald

This article was published by The McAlvany Intelligence Advisor on Wednesday, July 6, 2016:  

English: Flag of the Vice President of the Uni...

Flag of the Vice President of the United States

Paul Manafort, Donald Trump’s chief campaign strategist, has no doubt a long and carefully considered list of criteria which The Donald’s VP must meet in order to be offered the position. The clock is ticking: he is due to make the announcement next week, before the Republican convention, which begins on Monday the week following.

His list is short:

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Iowa Senator Joni Ernst on Trump’s VP Short List

This article appeared online at TheNewAmerican.com on Tuesday, July 5, 2016:  

English: Official portrait of Iowa State Senat...

Senator Joni Ernst from Iowa

Iowa Republican Senator Joni Ernst, one of just a very few being currently vetted for Donald Trump’s running mate for vice president, met with The Donald on Monday. Also in attendance were Paul Manafort, Trump’s chief campaign strategist, and Reince Priebus, chairman of the Republican National Committee (RNC). Following the meeting, Ernst told reporters:

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Elon Musk’s Conversion from Saint to Sinner

This article was published by The McAlvany Intelligence Advisor on Friday, June 10, 2016:  

English: Tesla Roadster Sport 2.5, the fourth-...

Tesla Roadster Sport 2.5, the fourth-generation Roadster from electric carmaker Tesla Motors Inc.

Once upon a time Elon Musk said he believed in hard work, technology, and some breaks to gain success. He didn’t believe the U.S. government should provide subsidies to companies, and he believed that the free market would provide the “best solution” to such problems as pollution. At the time, Stanford University Professor Fred Turner called him out for being a hypocrite:

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Will the Robotic Revolution Make Your Job Obsolete?

This article appeared online at TheNewAmerican.com on Monday, March 28, 2016:  

More than two dozen massive bright red robots move 20-foot-long shipping containers at the Los Angeles terminal developed by TraPac, cutting costs by between an estimated 30 and 50 percent. A new terminal, being built at the Port of Long Beach, will be able to handle nearly half of that port’s entire volume, moving and stacking more than three million of those shipping containers every year.

But the Port of Rotterdam in the Netherlands has more automated delivery terminals than the entire United States, thanks to delays by Luddite unions in America determined to

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China’s Economy Continues to Unravel as Gov’t Lays Off 5M Workers

This article appeared online at TheNewAmerican.com on Friday, March 4, 2016:  

Cover of "Coming Collapse of China"

Reuters reported Thursday in an exclusive report that China’s government is planning to lay off between five and six million workers in its basic industries over the next couple of years. Wrote Reuters, “China aims to cut capacity gluts in as many as seven sectors, including cement, glassmaking … and shipbuilding.” It will begin layoffs in its coal and steel-making industries.

These are the industries that fueled China’s rise from a third-world nation to first-world status. And those industries were fueled with digital money that built empty cities, factories, and airports, all under the now-provably false assumption that with enough of that money China could vault itself into the first tier of advanced industrial nations.

For a while it appeared that the assumption was valid.

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ObamaCare is Failing, Just as It was Designed to Do

This article was published by The McAlvany Intelligence Advisor on Friday, February 12, 2016: 

Barack Obama signing the Patient Protection an...

Barack Obama signing ObamaCare into law.

Former Senate Majority Leader Harry Reid must be proud. The health insurers behind ObamaCare are losing money and some are considering leaving the monstrosity altogether. Many of the co-ops that sprang up during the rollout have closed their doors, despite receiving millions in government aid.

Harry knew exactly what he was going when he built it. In an interview at “Nevada Week in Review” in 2013, before the rollout, Reid said:

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Health Insurers Going Broke, Thanks to ObamaCare

This article appeared online at TheNewAmerican.com on Thursday, February 10, 2016:  

English: President Barack Obama's signature on...

Obama’s signature on ObamaCare bill.

The results for 2015 are in. The losses health insurers experienced following the rollout of the so-called Patient Protection and Affordable Care Act (ACA, otherwise known as ObamaCare) in 2014 got even worse. Seventy percent of insurers lost money on individual health plans, according to McKinsey and Company, the global management consulting firm. And it isn’t likely to improve any in 2016.

On Wednesday Humana Inc. reported that

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Question: What Happens when Socialists and Marxists Are Put in Charge?

This article was published by The McAlvany Intelligence Advisor on Friday, February 5, 2016:  

Nicolas Maduro

Nicolas Maduro (Photo credit: Wikipedia)

Answer: Venezuela.

The Marxist president (and student of Venezuela’s previous president Hugo Chavez) Nicolas Maduro has just administered the coup d’état: ordering the printing of so many bolivars that his own country’s printing presses could not handle the order. So he went to Germany, France, Canada, and the United Kingdom to place it. The initial supply – five billion of them! – arrived late last year in the holds of 36 Boeing 747 cargo jets, with another

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Venezuela Could See Hyperinflation, Economic Collapse

This article appeared online at TheNewAmerican.com on Thursday, February 4, 2016:  

In December 2014 citizens of Venezuela paid 2,632 bolivars for a pound of meat. A year later they paid 14,138 bolivars, a 537-percent increase. They paid 3,066 bolivars for a supply of fruits and vegetables a year ago; last month they paid 12,118 bolivars, a 395-percent increase. For milk and cheese, prices increased 371 percent, from 2,084 bolivars to 7,735.

For fish they paid 1,408 bolivars a year ago; a year later the price of fish jumped to 5,940, an increase of 422 percent. Fats and oils: 335 bolivars to 1,340, an increase of 400 percent. Non-alcoholic beverages were 409 bolivars a year ago; today, 1,123 bolivars, a 275-percent increase.

A year from now, Venezuelans will look back fondly

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Is Rex Tugwell’s Brainchild the Cause of Puerto Rico’s Financial Woes?

This article was published by The McAlvany Intelligence Advisor on Wednesday, February 3, 2016:  

When Columbia law school graduate Franklin Roosevelt became president in 1932 he asked Rexford Guy Tugwell and two other Columbia professors to be his “brain trust.” Although Tugwell could never have been proven to be a member of the Communist Party USA, his fondness for centralized planning and his violent rejection of the free market informed his efforts to develop the New Deal.

He was a pure-bred hard-core collectivist who was enamored with Stalin’s centralization of agriculture in the Soviet Union, saying that

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Want to Revive a State’s Economy? Put in Place the Florida Model

This article was published by The McAlvany Intelligence Advisor on Friday, January 29, 2016:  

Rick Scott has always been an entrepreneur. While enrolled at the University of Missouri-Kansas City and working full-time at a local grocery store, Scott and his wife Ann bought two Kansas City donut shops. After getting his law degree, he went to work at a law firm specializing in the health care industry. In 1987, at age 34, he took all that they had in the bank and started Columbia Hospital Corporation. Two years later his company was merged with the Hospital Corporation of America to become Columbia/HCA.

In the next ten years it had grown to become

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Florida’s Economy Rebounds Thanks to Cuts in Taxes, Spending, Regulations

This article appeared online at TheNewAmerican.com on Wednesday, January 27, 2016:  

Almost immediately upon assuming Florida’s governorship in January, 2011, Rick Scott started cutting. He increased the state’s exemption level for corporate taxes from $25,000 to $50,000. He expanded the state sales tax exemption for manufacturing equipment. In 2013, he approved a three-year total exemption of that sales tax. In 2014, he pushed to raise the corporate tax exemption from $50,000 to $75,000. Last year he signed into law a $400 million cut in vehicle fees. In all, over the past five years he, with the help of a friendly legislature, has cut nearly 50 taxes.

Along the way

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Factory Owners Increasingly Going Robotic

This article was published by The McAlvany Intelligence Advisor on Monday, January 25, 2016:  

Picture a factory where the owner has cut his Social Security and Medicare taxes by 90 percent. Where surveillance by the EEOC (Equal Employment Opportunity Commission) no longer exists. Where minimum wage laws don’t apply. Where there are no more reports to be filed with OSHA. Where the factory doesn’t have to be retrofitted to handle handicapped employees. Where there is no “family time” off for pregnancies. Where there are no pension or health care plans to fund. Where there are no unemployment insurance taxes. Where no one is demanding special break rooms and time off for prayers. Where Obamacare doesn’t apply. No transgender bathrooms. No lunchroom or recreational facilities.

It’s already happening in China’s Pearl River Delta (dubbed “the world’s workshop”).

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Robots Transforming China, Causing Heartburn at World Economic Forum

This article appeared online at TheNewAmerican.com on Monday, January 25, 2016:  

Shenzhen Evenwin Precision Technology Company, located in China’s Pearl River Delta (dubbed “The World’s Workshop”), has nearly completed the first stage of turning its plant that produces mobile phone components into one of the world’s first nearly 100-percent robot-operated factories. According to the company’s chairman, Chen Xingai,

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OPEC Ignores Crude Oil Glut, Vows to Continue Pumping Flat Out

This article appeared online at TheNewAmerican.com on Monday, December 7, 2015:  

Following a contentious six-hour meeting on Friday, OPEC oil ministers meeting in Vienna announced that nothing will change: They will continue to pump at maximum rates despite the growing glut of oil in the world. Predictably, crude oil prices dropped, along with wholesale gasoline prices.

The fragile cartel’s members are pumping close to 31.5 mbd (million barrels per day) and would pump more if they could. They are already above the mythical “ceiling” of 30 mbd. When Iran, which currently provides 2.7 mbd to that number, recovers from U.S.-imposed sanctions, it expects to pump four mbd by next summer, adding further downside pressure on crude oil prices.

At these prices nearly every barrel OPEC members sell to the world market is sold at a loss. But the ministers are persuaded that,

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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.