Friday, May 2, 2014

THE TEA PARTY ECONOMIST 05/02/2014

Captain Kirk and Climate Change
For some time now I’ve been trying to convey just how ludicrous it is that the US government’s anti-carbon policies are based on computer simulations of the global economic/climate system through the year 2300. A recent piece by David Kreutzer and Kevin Dayaratna (an economist and computer programmer, respectively, at the Heritage Foundation) is the […] READ MORE

Arizona Makes “Revenge Porn” A Felony
Another controversial law was signed by Governor Jan Brewer this week in Arizona. The new legislation means Arizona will be the first state to make posting “revenge porn” online a felony offense. The Arizona Legislature unanimously passed the bill one week ago and the governor signed it into law last Wednesday. “Revenge porn”, also referred […] READ MORE


May Day! May Day! Without Profits, Communism Is Doomed
Lawrence & Wishart, a profit-seeking leftist publisher of the collected works of Marx and Engels, is threatening legal action against Marxists.org, a website run by a remnant of the last remaining English-speaking Marxists. Marxists.org posts English-language translations of the works of Marx, Engels, Lenin and other bourgeois members of the Inevitable Wave of the Future. […] READ MORE


Princeton University Student’s Bold Response After Allegedly Being Told Repeatedly to ‘Check Your Privilege’
Tal Fortgang, a freshman at Princeton University, says he has been ordered to “check your privilege” by his “moral superiors” several times this year because he happens to be a white male. In a column in the Princeton Tory, Fortgang takes on the ideology he says ”assumes that simply because I belong to a certain […] READ MORE

Almost Blast from the Past: Nuclear Explosion in North Carolina
The CBS news show, 60 Minutes, reported that shortly after JFK was inaugurated, a bomber with a nuclear bomb accidentally dropped it on North Carolina. It came close to going off. Close, but no exploding cigar. The show said that we have 400 nuclear missiles in the ground. They did not mention MIRVed warheads: 10 […] READ MORE

Bakken Oil Fields Have Produced 11.5 Days of Oil Consumption Since 2005
The Bakken shale oil fields of North Dakota and Montana began production in 2005. They have produced approximately 11.5 days of world oil consumption since then. Estimates indicate that the total oil available in the Bakken fields may be as high as eight months of world oil consumption. The world consumes approximately 87 million barrels […] READ MORE

Kerry Refers to Israel as a Not-Quite Apartheid State
Well, it finally happened. Secretary of State John Kerry has pulled off a verbal faux pas that makes Joe Biden look like a rank amateur. He publicly said that the State of Israel is bordering on becoming an apartheid state. Now the fun begins. The waffling. The “I meant to says.” The “he meant to […] READ MORE

Considering Real Estate? REITs May Be A Hands-Off Solution For You
So you want to get into the real estate investment game without having to pick up a plunger to unstop a toilet when your tenant calls in the middle of the night. Your best bet might be a real estate investment trust, or REIT. Like bonds, the key to REITs is the non-correlation of the […] READ MORE

Bitcoin May Be Trending, But Investors Still More Than Hesitant To Jump In
Bitcoin is the hottest investing trend since the Internet, according to venture capitalists who have sung its praises. But the money hasn’t exactly followed. Venture capitalists invested $74.1 million in bitcoin startups across 39 deals in 2013, according to data provided by CB Insights. That’s less than a third of what Internet companies raised in […] READ MORE

Gun Battle In School Results In Several Citations. But Over What?
A gun battle between six high school seniors got the attention of police plenty fast. It all stared when neighbors reported someone pointing a gun at a car one night earlier in the week. “They did scare a number of people in the area,” Capt. Ben Bliven of the Wausau Police Department told WAOW-TV in […] READ MORE

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