In honor of Thomas Paine and other Founders & Immigrants. In memory of my daddy Horst Bingel and my mom Irma Bingel
Tuesday, July 07, 2026
President Trump announces Walmart to lower prices for thousands of products at his administration's request
Thursday, January 08, 2026
President Trump threatens to take steps to ban large institutional investors from buying single-family homes. Really!
Monday, December 20, 2021
Leftist populist Gabriel Boric Wins Chile’s Presidential Election at Age 35
Saturday, November 07, 2020
Florida voters approved automatic minimum wage increases in 2020 election
From the Wall Street Journal:
"In Florida, 61% of voters approved an initiative that will significantly raise the state’s minimum wage, from $8.56 to $10 an hour next year, before it increases by $1 a year until hitting $15 an hour in 2026. Florida is now the eighth state to adopt that wage floor and the first to do so through a ballot initiative."
This is very regrettable and goes to confirm again the poor economic education of the people! To put it very bluntly, only fools vote or desire minimum wages!
If voters want to help the poor etc. donate money to e.g. organisations that help the poor improve their lives.
The arguments against minimum wage should be well known by many:
- It is unconstitutional and a violation of individual liberty and property rights
- These are big government wage and price controls. They represent a severe government intervention into free markets
- As a minimum, the minimum wage hurts disable people to find dignity in work. With minimum wages they depend on assistance from government or others
- It is highly wishful thinking/a fantasy on behalf of citizens that such measures could improve peoples lives
- The economic damage is far greater than the benefits
- Shortsighted populism won over reality and common sense
- By accepting such unconstitutional measures the door is wide open for government or powerful interest groups to seek bigger government
Saturday, August 22, 2020
A Critical Assessment of Canada’s Official Poverty Line
The concept of measuring poverty in a society is closely related to other concepts such as the popular unconditional, guaranteed universal basic income for everyone.
Populist politicians would do everything to raise the poverty level or the basic income to buy votes and create dependency on government! However, who is paying for these lavish government handouts?
Big Government politicians favor these concepts too! Both give them ultimate control and power over who receives what! They will be seen and praised as benefactors!
There are many other ways the poor can be helped! Easing barriers to entry into the economy (e.g. business and professional licensure). Increasing competition to lower prices of goods and services, medical services and medications, housing and much more would also go long way to reduce poverty!
"The more important concern with the MBM as our official measure of poverty is conceptual. By choosing to define poverty as a condition in which a person is unable to acquire a living standard needed to integrate and participate in society, the government has rendered poverty unmeasurable."
A Critical Assessment of Canada’s Official Poverty Line | Fraser Institute
Wednesday, March 04, 2020
Bernie Sander's Agenda of Impoverishment
Famously, one of these early populist movements was so revealingly called The No Nothing! Bernie Sanders and his acolytes fit right in!
Agenda of Impoverishment Bernie Sanders’s proposals would destroy America’s economic vitality
The Manhattan Institute announced today another interesting headline:
The Second Coming of Eugene V. Debs
"Bernie Sanders says he’s another FDR, but he's more closely related to the early 20th-century labor leader who ran for the presidency five times as a Socialist."
What about any semblance between Bernie Sanders and William Jennings Bryan?
On another note, it is quite shocking that the Dimocratic Party had a dozen or more presidential candidates and none of them represented a middle of the road approach to win over ordinary citizens and voters. A democracy works best if the opposition party has representative candidates and not almost exclusively fringe candidates!
Wednesday, November 06, 2019
Marco Rubio Is A Staunch Catholic Socialist
- “Does our country exist to serve the interest of the market, or does the market exist to serve the interest of our nation?” he asked his audience at the Washington school.” (S2) What a stupid question coming from a U.S. Senator! Not to mention he borrowed from John F Kennedy!
- “the people whose lives were turned upside down when companies exercised their right to make a profit by taking their jobs to another country, but did so with little regard with the corresponding duty to invest in their own workers.” (S2)
Another extremely stupid remark! His is as economically illiterate as Obama ever was if not worse! - “The people who enjoyed cheaper college themselves, but then turned around and raised tuition. The people who brazenly adopted the motto ‘greed is good’ in the 1980s but then caused a catastrophic financial crisis and left them with this disordered economy.It is a truth recognized in both ancient and contemporary times that no nation can be strong if the whole nation does not benefit from its strength” (S4, S1)
What a naive and dangerous populist! - “But businesses also have an obligation to reinvest some of those profits productively for the benefit of the workers and the society that made it possible. And workers, if they’re able-bodied, have an obligation to work.”
These obligations do not exist you foolish senator! Read the Declaration of Independence again you moron!
Friday, June 17, 2016
Reckless Monetary Policy Dooms Western Democracies
Sunday, January 26, 2014
The Demagoguery Of Inequality Destructs Civil Society
Sunday, July 07, 2013
La Guardia - A Republican New Dealer
[Hitler, Stalin, and Mussolini also liked public works projects on a grand scale.]
[Populism and fiscal irresponsibility often go hand in hand]
[In this respect, he was a great fool like most populists.]