This is a great article on what causes economic
bubbles. It is very easy to read.
“Bubbles
Aren't Created by Price Increases — They're created by Misallocation
of Resources.”
Expanding the money supply creates a platform for bubbles.
This extra money does not in and of itself create bubbles. But it does
culminate in money being diverted away from productive activities in order to
fund unproductive activities. Applying this logic, then, bubble bursting is
actually good for those who produce truly economically value because it frees
up money that was formerly being funneled toward unproductive activities.
Schumer is correct. Sessions
should resign for the good of the country.
Schumer is, however, wrong on why. And it has nothing to do with this Russia
contact hoopla which is all stupid, unimportant, irrelevant and a political
hack.
But it does have to do with Sessions’ plan to crack down on
drug laws. If he had any brains, which
as a politician he likely does not, he would do everything in his power to
legalize all drugs. Why?
-
To save taxpayers millions of dollars,
-
To save hundreds if not thousands of lives , and
-
To reduce the number of people who suffer from
addiction and other effects resulting from a black market for drugs.
Take a look at Portugal if you don’t buy these
arguments. All these reasons are on the
cost benefit analysis of this but don’t even mention the right people have to
do what they want to their own bodies.
If this partisan flip-flop weren’t so scary, it would almost
be amusing. This chart from the article presents a clear picture of partisanship
gone haywire. Truly explains everything
wrong with the path the US is on. Sad!
“People
with ancestry in Iceland, Scotland and Denmark are tagged “Caucasians,” which
would be accurate only for people from the Caucuses region, such as the Boston
Marathon bombers, or Stalin. According to this geographical pattern, people
with ancestry in Spain should be classified as “Iberians” but they are not.
They are “Latinos,” but in the current system people such as Antonin Scalia,
Madonna, and Frank Sinatra, all with ancestry in Italy, home to the plain of
Latium, are not “Latinos.” They too are “Caucasians” or “whites.” Many “Latinos”
or “Hispanics,” a linguistic term, are whiter than the late Senator Robert
Byrd, a former Ku Klucker. Even so, in the USA they can become “people of
color.” None of this makes any sense but those who advance it have purposes in
mind.”
What unites us
is our humanity. What divides us is our
identification of differences.
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