Friday, May 31, 2019

In the news, Saturday, May 18, 2019


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MAY 17      INDEX      MAY 19
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from FEE (Foundation for Economic Education)
RIGHT-CENTER BIAS, HIGH, non-profit organization

The Parallel Universes That Are America
Many see recent attacks on Attorney General William Barr not as politics as usual but a call to overthrow the status quo. The intransigence of the Republican response indicates that many now view current affairs as a battle to destroy or preserve America’s defining political traditions, such as the electoral college, a separation of powers, and the Second Amendment. It’s not hyperbole to say that politics are tearing America in two along ideological seams. Whichever side people fall on, they should be aware of the dynamic.

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from Mises Institute
RIGHT-CENTER BIAS, MIXED


3 Modern Arguments for Tariffs, Debunked
Many proponents of tariffs recognize the absurdity of tariffs as a general rule. However, they feel that there are certain, special cases in which tariffs are justified, and indeed vital to a nation's survival.

How Central-Bank Interest-Rate Policy Is Destabilizing Banks
Broadly speaking, banks operate under the concept of maturity transformation. Banks take short-term – less than one year – financing vehicles, such as customer deposits, and use that to finance long-term – more than one year – returns. These returns range from the most commonly understood loans, such as auto loans and mortgages, to investments in equity, bonds and public debt. Banks make money on the interest spread between what they pay to the owners of the money and what is earned from the operations. Banks also make money on other services, such as wealth management and account fees, though these are relatively small compared to the maturity transformation business. Central banks' efforts to artificially stabilize interest rates encourages greater risk-taking by banks, and contributes to instability in the banking sector.

Why the Elites Look Down on Manual Labor
Since the $15 minimum wage has become a major policy proposal in America, many politicians feel that certain forms of work are undignified. Alexandria Ocasio-Cortez is aghast that some people like to pick up a few bucks doing work which brings no prestige. This is part of a larger obsession among politicians with de-valuing and working against unglamorous jobs that involve "dirty" work.

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from The Spokesman-Review
Newspaper in Spokane, Washington

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