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- If #Trump really wants to reduce America's trade deficit he needs to slash regulations and massively reduce government spending, including entitlements. That will free up resources to investment in plant, equipment and worker training that will improve our global competitiveness.
- It's a myth is that breaking a shopkeeper’s window will ultimately boost the economy. http://bit.ly/2x6ibKK
- To save the stock market while pretending the "recovery" in still on track, the #Fed used low oil prices as its excuse to turn more dovish.
- Had the same 2% inflation assumption used to calculate Q1 #GDP been applied to Q2, the reported growth rate would have been just 1.6%!
- Production is declining and this is going to put an enormous amount of pressure on prices down the road. http://bit.ly/2ilUyqo
- The tax code itself creates incentives, and tax cuts can help change those incentives in positive ways that boost growth. http://bit.ly/2B7pwia
- Malinvestment and the Austrian Business Cycle, as explained by Yogi Berra
- From FX Street. https://t.co/GlQoCBfVRN
- #Macy's stock price is down over 40% in the past 3 months on weaker sales. This supports my forecast for a weak holiday shopping season.
- Opinions on Thomas Sowell?
Friday, April 8, 2016
Net Neutrality and Internet Services Providers: Are they natural monopolies? How do Austrians justify the current state of the ISP market?
Hello all. I'm 18 and currently doing a lot of reading on these issues in order to form an opinion. I've been introduced to Austrian Economics through a variety of sources, and its arguments are very compelling. However, there is one issue which I remain skeptical about. I have never been able to find an adequate conclusion in the debate between the two parties on the subject of regulating ISPs. More often than not both parties simply end by saying that the other has been fed propaganda and is wrong. Austrians will argue there are no natural monopolies, and that the current state of the ISP market is caused by government regulation. However, others will counter this by identifying that the Telecommunications Act of 1996 primarily dealt in deregulation, and that the oligopoly we now see is a result of this. I have not found a satisfying conclusion to this debate, and it is the barrier of my entry into fully accepting Austrian Economics.