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- Some have speculated Germany wants the gold at home in the event of a breakup of the EU and a collapse of the euro. http://bit.ly/2xfQO0f
- November report "Is it True, as David Hume (1711 – 1776) postulated that, "Nothing is esteemed a more certain sign of the flourishing conditions of any nation than the lowness of interest"?" published. https://bit.ly/2y4LJZQ
- JP Morgan does not understand that it's not just about where interest rates are now that is the problem, but about how much higher they are going, and how quickly they will get there!
- The Bigger the Bubble, The Fewer People See It
- Ep. 322: Economic Alice in Wonderland: http://bit.ly/2necG95 via @YouTube
- Russia has passed China to become the world’s fifth-largest gold-holding country. http://bit.ly/2CJzi6l
- Goldman pointed to several fundamental weaknesses it sees in cryptos that make gold a better long-term value. http://bit.ly/2z6Nt7l
- If Spending Is Our Military Strategy, Our Strategy Is Bankrupt
- Chinese and US Markets Crashing for Same Reason (Video) @SchiffGold http://bit.ly/1Khsvl0
- Experts are dismissing the danger of rising bond yields as they claim rates are going up for the right reasons. But it's far more likely rates are rising for the wrong reasons. But regardless of why rates are rising, the U.S. has so much debt that it can't afford the higher cost.
Wednesday, December 9, 2015
Economic Effects of Subsidization
How would you explain how a subsidy leads to net economic losses for consumers as a whole? I seem to get that it would arbitrarily direct resources to to economically arbitrary things at the expense of things actually desired by consumers, but is that the only way of looking at it because this never works on leftists. Suppose a leftist claimed that since health care service x currently cost $100, he wanted to means test people to qualify for a $50 subsidy toward the service. What would happen/how is the net economic loss best described? Channel your inner Bastiat.