Anemic growth in Real Income with Bidenomics.
A combination of inflation and government distortion of market forces through policies, rules and regulations of the Biden Administration are stifling real income growth.
April 12, 2024
Fix the Incentives
Incentives Matter
A great talk given by John Cochrane
Highlights
Economic Freedom - provide optimal incentives and let markets work with transparency.
Economic Control - maximize and control redistribution distorting incentives.
The current system distorts markets and is inefficient but there are a lot of people who profit from the current dysfunction and are able to bend legislation and regulation their way.
Focus on, and fix the incentives.
Taxes? To raise revenue for the government with minimal economic damage, junk the current system and enact a simple consumption tax.
Social programs? People often lose more than a dollar of benefits for each dollar they earn. Fix the disincentives, and we will help more people with less money.
US health care and insurance? Health care and insurance can be private, fiercely competitive, and innovative. Provide for the poor with voucher of state support, but do not screw up your and my health to do it.
Financial bailouts? Equity financed banking and narrow deposit taking can end private sector financial crises forever.
Climate? If you must, a carbon tax or tradable right, instead of massive crony subsidies and vanity projects, which do not save carbon. (If I buy an electric car, that just frees up gas for you to use.)
Housing? Let them build.
April 11, 2024
April 10, 2024
Gender Affirming Care Wrong
A major study of the treatment for adolescents who think they may be a different sex from what they were born by the National Health Services of the United Kingdom shatters most of the progressive left beliefs
You are either male or female
https://cass.independent-review.uk/home/publications/final-report/In general, children/adolescents who think they are something other than what they are have mental health issues and they should receive counselling.
Gender affirming care hurts children and adolescents.
Conclusions from The Cass Review, which is nearly 400 pages and took four years to compile:
- Thousands of vulnerable young people were given life-altering treatments with "no good evidence on the long-term outcomes of interventions to manage gender-related distress."
- "It has been suggested that hormone treatment reduces the elevated risk of death by suicide in this population, but the evidence found did not support this conclusion."
- "Social justice" ideology is driving medical decision-making, and "the toxicity of the debate" has created an environment "where professionals are so afraid to openly discuss their views."
- The majority of gender-dysphoric patients in early studies found symptoms desisted during puberty, with most coming out as gay or bisexual later.
Interest Costs of Bidenomics
The US Treasury projects that Bidenomics will cost US taxpayers almost 1.5 TRILLION more in interest payments during his term than Trump's.
https://x.com/moxlosllc/status/1778193769420169322?s=12
Biden's Lagging Energy Policy
Domestic crude oil production under Biden significantly lags pre-Biden trend.
Despite raiding the STRATEGIC Oil reserve, gas prices are almost $1 higher.
https://x.com/moxlosllc/status/1778168147071086712?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A
NPR becomes NDR
National Democratic Radio?
Uri Berliner is a Senior Business Editor and Reporter that has worked there for 25 years.
He has recently posted his essay describing what he has seen happen at NPR essentially exposing the dramatic shift to Progressive Democratic spin.
He discusses how NPR was wrong on Russian Collusion, Hunter Laptop, Wuhan Lab, Systemic Racism and more.
Why? They have become Democrat Propaganda Machine.
Voter registration NPR Newsroom.
Democrats 87
Republicans 0
Bidenomics - Ouch
We are all now paying 18.9% more then when Biden started.
https://x.com/moxlosllc/status/1778047401434996863?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A
AZ not banning abortion
Arizona’s highest court MIGHT uphold a 1864 law. The court put its ruling on hold, and sent the matter back to a lower court to hear additional arguments about the law’s constitutionality.
The majority opinion said that a “policy matter of this gravity must ultimately be resolved by our citizens through the legislature or the initiative process.
Similar to the brouhaha caused by the Alabama Supreme Court, this issue would likely be resolved quickly by the Arizona legislators to eliminate the old law and keep their current law, which has a 15 week limit for abortion for any reason
https://x.com/moxlosllc/status/1778031999359295975?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A
April 8, 2024
Congrats to UConn
Purdue had to play a level above UConn to win. First half they were close. Second half they were not close. Edey did well. The rest were outmatched and outplayed by UConn.
Congrats to UConn on championship.
Congrats and thanks to Purdue for a great season.
I was there in 80 when we lost to UCLA in final four.
Hopefully I don’t have to wait another 44 years to see a championship.
Well-paid professionals do not need welfare
Biden flouts SCOTUS
Takes hard earned tax dollars to bribe voters.
Ignores real needs.
The benefit will be available to individuals earning up to $120,000 per year and couples earning up to $240,000,
Penn Wharton Budget model of Biden's previous debt forgiveness plan which is similar to his recent plan shows that about 70 percent of debt relief accrues to borrowers in the top 60 percent of the income distribution.
Well-paid professionals do not need welfare.
Biden's Incomes Stagnant
Illegal immigration is booming.
Prices rising.
Real incomes per capita. Not so much.
https://x.com/moxlosllc/status/1777422049188708687?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A
Biased Administrative State?
Might the DOJ have a political bias?
In 2020 87.6% of the dollars donated by DOJ employees went to Democrats.
https://x.com/moxlosllc/status/1777422514450301010?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A
Immigration Matters
The Founders had three criteria for new immigrants: their qualifications; their assimilation; and their allegiance. Today, I have no clue what Biden's criteria or goals are.
April 6, 2024
It Was a Foul
Ref shouldn’t make a big call or shouldn’t miss a big call?
https://x.com/moxlosllc/status/1776629179900887180?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A
April 4, 2024
Biden’s misguided leadership
Biden is calling for an immediate cease fire in Gaza and making the highest priority protecting civilians.
Hamas is evil. Hamas broke the previous cease fire and invaded Israel and killed 1000’s of innocent civilians. Hamas uses innocent civilians as shields. Israel goes to great length to minimize civilian casualties. But Hamas must be destroyed.
The scale of civilian deaths caused by Israel are smaller than the scale of civilian deaths caused by US military actions.
April 2, 2024
We Need Legal Immigration NOT Illegal
The Founders had three criteria for new immigrants: their qualifications; their assimilation; and their allegiance. Today, I have no clue what Biden's criteria or goals are.
I support immigration. A lot of immigration. But legal immigration, with a mix of merit based (engineers, scientists, entrepreneurs, doctors, mathematicians, etc.) and opportunity-based (people who want to work hard, adopt American values, and get ahead). No doubt there are highly capable, hard working people throughout the world that want to integrate into US society with its freedom and norms.
Tough luck! To legally immigrate into the US is almost impossible unless you are a relative (8 year wait), employer sponsored or win a very limited lottery.
Biden's Illegal Immigration will allow almost 11 MILLION illegal immigrants into the US. And this doesn't count the "got aways," people crossing the border without being caught. Biden is not enforcing the existing laws resulting in a porous border for illegal immigrants. Biden’s border policies continue to be a mess, put many innocents at risk AND allow Mexican cartels to get rich. Why does anybody think he would enforce any new laws.
How is this fair to the many people throughout the world trying to legally immigrate to the USA?
Title 8, U.S. Code, sec. 1225(b)(1)(B)(IV) states: Any alien subject to the procedures under this clause shall be detained pending a final determination of credible fear of persecution and, if found not to have such a fear, until removed.
Title 8 U.S. Code, sec 1182(f): Whenever the President finds that the entry of any aliens or of any class of aliens into the United States would be detrimental to the interests of the United States, he may by proclamation, and for such period as he shall deem necessary, suspend the entry of all aliens or any class of aliens as immigrants or nonimmigrants, or impose on the entry of aliens any restrictions he may deem to be appropriate.
Subscribe to:
Posts (Atom)
Ineffectual
US President Joe Biden told Prime Minister Benjamin Netanyahu that the US will not aid any Israeli counterattack on Iran , US media report,...
-
It’s funny that Biden can flout SCOTUS and find 100’s of billions to BRIBE voters but can’t find a few billion to help Ukraine. Pusillanimou... -
The Founders had three criteria for new immigrants: their qualifications; their assimilation; and their allegiance. Today, I have no clue w...
-
Biden continues his pusillanimous dithering that has only reluctantly provided Ukraine the minimal number and capability weapons to stop Rus...
