Time for Thorns

An independent view on life.

Posts Tagged ‘economics

China shift…

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Democrats shriek that Trump’s trade stance is hurting America, not China.   But when an economy shifts from buying manufacturing material to  buying food,  there is a big problem.   China has long had tremendous difficulty feeding its people,  and the government knows it looks bad when it offs a few thousand starving peasants.

The reality is that China’s economy has been weakened,  and it cannot withstand the hits it is taking.   Yes,  it could call due all the U.S. debt it holds,  but Pres. Trump could simply refuse to pay and accuse them of market manipulation (which China is certainly guilty of) and wait them out at the various world courts.   Meanwhile,  its people go hungry,  and hungry people can become very dangerous ones.   China already loses a handful or so of bureaucrats and Communist Party officials every month when they go traipsing into the hinterlands to lay down the law.   It does not want to have to deal with open rebellion within its borders from ethnic Chinese — bad P.R.,  ya know.   It also does not want the African nations which usually supply its nearly insatiable appetite for manufacturing materials complaining that they are closing mines and facilities because China is broke.

Does Trump understand this?   Of course he does.   Do the Democrats?  Perhaps a dozen of their congress critters can cope with the evidence before them,  but most have trouble keeping a checkbook straight,   and they don’t even bother to try when it’s my money and yours.

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Written by timeforthorns

August 18, 2019 at 1:42 pm

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Need proof…

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…that the public education system is failing at all levels?  Consider this report showing  that 46% of recent college graduates suffer from  “student loan regret”,  and that 25% would have chosen a less expensive college if they had known had difficult student loan debt would make their lives.

That tells me that these students were incapable of doing research on even a minimum level,  had no grasp of basic economics,  and apparently lacked the ability to handle elementary mathematics.   As former football star and U.S. congressman J. C. Watts once said,  if your outgo is more than your income, you’re in trouble.

An eight-year-old can grasp that concept.  Why can’t a college freshman?  I had a wide variety of jobs in college which kept me safely out of negative territory.  I bought used books,  did not mark them up,  and sold them back to the bookstore before the term ended so I got the best price for them.  Two things I never did were wait tables  and sling drinks,  as I was even then temperamentally unsuited to the work.  I walked dogs,  exercised horses and baby sat human babies,  pets and properties.  I set up a hunt for a pair of charming boys who could not walk,  and the joy on their faces was worth far,  fare more than the very nice check I got from their father.   I even filled in for janitorial staff from time to time.   Most colleges maintain registries which offer potential matches between students and employers.  The secret is that if you fill a temporary position in a superior manner,  your employer will often recommend you to his network and his buddies will offer you similar opportunities.   Are today’s college student so awful that no one is willing to take a chance on them?  Or are they simply too timid and lazy to even try?

 

 

 

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Written by timeforthorns

June 8, 2019 at 2:44 pm

Soda tax fail…

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Philadelphia  instituted a  soda tax under the customary progressive promise that it would improve the health of its citizens.   As has happened elsewhere,  the people simply went outside of the city to purchase soft drinks.   And since they were shopping elsewhere for sugary goodness,  they unsurprisingly bought a good bit of other stuff.   Progressives always fail to grasp the basics of human nature,  so they are shocked and perplexed that sales have declined,  revenue has declined,  and people are probably consuming more sugar than ever.

I have read dozens of such tales over the years.  I have never read one where a city’s sin tax worked out as intended.   The ones I like best are those where the politicians are caught deliberately avoiding the tax they have so self-righteously imposed on others.

 

 

Written by timeforthorns

June 4, 2019 at 3:11 pm

#1 again…

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His Oneness told us this was a fabricated,  unreal metric  — largely because his statist policies were certain to prevent the nation from ever regaining the title of the  most competitive  country in the world in the ranking from the World Economic Forum.   Remember that we lost the title in 2008 under his stewardship,  and he spent the rest of his presidency telling us the bad economy was  “the new normal” and we needed to shut up and get used to it.

I didn’t believe Pres. Obama.   Neither did Donald J. Trump.

 

 

 

 

Written by timeforthorns

October 18, 2018 at 2:04 pm

Just asking…

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Which parts of the tax bill,  passed with ZERO Democratic support,  do the Democrats want to repeal?   If your  paycheck looks  bigger this week,  do you really want to give the increase back to the government?   Which dollars do  the Democrats expect people to hand over willingly?   Now that the truth about the legislation is finally seeping out,  and the very pleasant reality   is appearing  in the paychecks of ordinary people,  Democrats are reduced to bleating “It’s a scam!  It’s robbing the middle class!  You’re just getting crumbs!”   Yes,  they really do think the average American is a first-class fool who can’t count,  can’t remember the past ten seconds and has the judgment skills of a week-old kitten.

 

 

Written by timeforthorns

February 3, 2018 at 2:19 pm

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Krugman economics in action…

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The reason  this piece  mentions Paul Krugman,  the New York Times writer who reminds us at every opportunity that he won a nobel Prize for economics,  is that he and his acolytes  presume that government spending drives economic growth.   Therefore,  any decrease in taxation and any decrease in government revenues is bad for individuals.

The sad tale of Williston,  North Dakota shows Mr. Krugman wrong.  Government spending is a tax on everyone,  and all politicians fail to control their spending desires when presented with a pile of other people’s money.   Williston had huge revenues for a time from fracking,  and spent like the proverbial drunken sailor on projects it did not need,  and now has debts it can never hope to repay.   Government growth occurs because there is privately created wealth for it to take,  and the only smart thing to do economically is to restrict government spending.  Those who create wealth generally search for ways to increase their wealth,  and they tend to be much superior than governments when it comes to spending habits.

I think we should all band together and purchase Mr. Krugman a plane ticket to Williston plus a motel room for a week.  Perhaps if he has to live in the wreckage caused by his supposed mastery of economics,  he will gain a dribble of common sense through simple observation.

 

 

Written by timeforthorns

January 20, 2018 at 3:55 pm

Still searching for disaster…

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Are Republicans in danger of losing control of Congress?   Of course,  but I think the danger is overstated,  largely because of one thing,  which is the Democrats’ constant  efforts to diminish  the tax reform bill which is putting extra dollars into the paychecks of so many Americans.

Republicans need to remind people that no Democrat voted to give the people a single cent,  and that all potential Democratic candidates have sworn to adhere to the party line and take back those extra dollars by raising taxes on individuals and businesses,  which hurts everyone and helps no one except the government and corrupt politicians who should be given much less money to cause trouble with.

We should always remember that even the few Democrats who have some understanding of economics don’t speak honestly about it.  Let’s face it — “Give us more of your money so we can entrench ourselves” is scarcely a winning campaign slogan.   Nor is it a very satisfactory way to explain that people in high-tax states lost the ability to  fully deduct  their state and local taxes because Democrats absolutely refused to negotiate,  just as they have on everything since Mr. Trump took office.

 

 

Written by timeforthorns

January 17, 2018 at 3:36 pm

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