Tag Archives: Free Market

First Crude Oil Shipment Exports From U.S. After 40 Year Ban Lifted

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“The first crude oil shipment exported from the United States, after a 40 year ban, left from Corpus Christi, Texas last Thursday.  NuStar Energy and ConocoPhillips loaded a vessel with light crude oil pumped from the Eagle Ford Shale of South Texas at NuStar’s North Beach Terminal at Port Corpus Christi. The crude is to be sold to the international trading company Vitol. As a result of the federal government’s repeal of the 40-year ban on the export of crude oil, via the last government omnibus spending bill, crude oil shipments are free to leave the country now.”

http://dailycaller.com/2016/01/03/first-crude-oil-shipment-exports-from-u-s-after-40-year-ban-lifted/

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Martin Shkreli’s former company KaloBios files for bankruptcy

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“The move comes after Shkreli, its former CEO, was charged on December 17 in federal court with securities fraud related to a hedge fund and another company. Shkreli pleaded not guilty to the charges.  Shkreli initially gained notoriety in September when, as the chief executive of Turing Pharmaceuticals, he raised the price of Daraprim— a drug used to treat a dangerous parasitic infection— from $13.50 to $750 per pill.  The move generated harsh criticism from prominent politicians, including Hillary Clinton, and spurred a senate investigation into drug pricing.”

http://www.nydailynews.com/news/national/martin-shkreli-company-files-bankruptcy-article-1.2481147

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Latin America Says ‘Adiós’ to the Populist Left

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“The defeat of the Kirchner government in Argentina was the first strong sign of the new Latin American zeitgeist. Next Sunday Venezuelan voters, the polls tell us, will strongly repudiate the Hugo Chávez legacy, although widespread election fraud is likely. Chavisimo won’t go quietly.  Similar stories are emerging elsewhere. Barely 10 percent of Brazilians support President Rousseff, and legal proceedings began this week that could lead to her impeachment. Ecuador’s Correa had to suspend his attempt to change the election rules so he could seek permanent reelection. The recent elections and polls are a clear shift toward free markets and transparent government.”

http://www.independent.org/newsroom/article.asp?id=8608

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I, Thanksgiving Dinner

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“Millions upon millions of people work together — often unwittingly — to bring Thanksgiving dinner to the table. It’s a vast web of interrelated choices and actions. In the end, no single person knows — or could know — how to make dinner.  Thankfully, that lack of knowledge stops no one. They act without the foggiest of idea of the final destination or the ultimate purpose of the fruits of their labor. More importantly, each member of the chain is necessary; not a single step could be dispensed with, or else Thanksgiving dinner would never exist. While no one knows how to make it, every contributor adds an essential, specialized piece.”

http://fee.org/freeman/i-thanksgiving-dinner/

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Jeffrey Tucker: Let’s Talk About…The Plague

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“The situation in the developed world is incredible: poverty and hunger at historic lows, mostly nonexistent in most people’s life experience. Even a full Thanksgiving dinner only costs about 2 hours and 22 minutes of work. Indeed, the ‘problem’ is the opposite. An estimated 45 million people are trying hard to eat less and spend $33 billion annually on products to help them do so.  To fully appreciate the material blessing of the holidays — access to food and good health care and the absence of widespread material privation and death — you have to throw yourself back in time.”

https://tucker.liberty.me/lets-talk-about-the-plague/

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Jeffrey Tucker: The Shoemaker and His Capitalist Elves

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“We were born into a world of amazing prosperity that our generation did not create. We have the expectation of living to old age, but this is completely new in the sweep of history. The shift in population reflects that dramatic change, too. There were most probably 250 million people alive 2,000 years ago, and it took until 1800 for the 1 billion mark to be reached. One hundred and twenty years later, that was doubled. Three billion people lived on the planet by 1960, and there are 7 billion today. Charting this out, you gain a picture of a world of stagnation and stasis from the beginning of recorded history until the Industrial Revolution, when life as we know it today was first experienced by humankind.”

https://tucker.liberty.me/the-shoemaker-and-his-capitalist-elves/

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“Free Trade Has Destroyed American Manufacturing”: False.

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“Manufacturing is going the way of agriculture. But we are not getting poorer. This has been true since at least 1840.  Free trade in manufactured goods is of marginal overall importance. Free trade in digital services will increase. The government cannot easily tax this kind of international trade. There are no tariffs and quotas on information. But protectionists never mention this aspect of free trade. They are focused on physical production, which is of declining value in our lives. The decline in American manufacturing is not the result of free trade. It is the result of our increasing wealth. We buy services and digits, not space-occupying stuff.”

http://www.garynorth.com/public/14455.cfm

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ObamaTrade: Total Surrender to the NWO

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portallogo3

“It does not take 5,544 pages of legal verbage written by international lawyer-bureaucrats to obtain free trade. What it takes is for legislatures to reduce tariffs and import quotas. That is all it has ever taken: a willingness of politicians to stop passing laws that insulate inefficient domestic producers from foreign competitors who better satisfy the demand of residents of a nation. All it takes is for the government to stop hiring customs agents with badges and guns to tell citizens that they have to pay a discriminatory sales tax to buy something from across a national border.  ObamaTrade is the surrender of national sovereignty on a scale that is mind-boggling.”

http://www.garynorth.com/public/14466.cfm

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The Future Is Unimaginably Better than Expected

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“Today’s televisions are far superior to the ones shown in the film. Video calling is cheaper and easier than predicted, with apps like Skype and FaceTime. Virtual reality is not yet mainstream, but it may soon be, and we already have plenty of wearable tech such as Google Glass. We don’t have fax machines in every room because we have a far cheaper, easier and more environmentally friendly alternative in email. Nobody can predict the future, not even sci-fi screenwriters who are paid lots of money to try. [..] Entrepreneurs respond to our wants and needs today, but they also tap into our latent demands — creating amazing new stuff we didn’t even know we wanted.”

http://fee.org/anythingpeaceful/the-future-is-unimaginably-better-than-expected/

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Liberland: utopian tax-free micronation or state of mind?

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“Tucked away on the banks of the Danube is the tiny, would-be country of Liberland. The former Czech politician who declared himself its founder and president says it is a legitimate and viable state and is pushing for international recognition. But Vit Jedlicka is facing tough opposition fromSerbia and Croatia, who have been in dispute over the territory since the break-up of the former Yugoslavia.  Undeterred, Jedlicka has been issuing Liberland passports and appointing ambassadors in his quest to carve out a new nation in the Balkans. He has even set up a national airline.”

http://www.euronews.com/2015/07/22/liberland-utopian-tax-free-micronation-or-state-of-mind/

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