Friday, May 30, 2014

THE TEA PARTY ECONOMIST 05/30/2014

Tornado Shelter for Under $200
This is a DYI project that could save your life if you live in tornado country, and you have no basement. READ MORE

New Orleans School District Shuts All City-Run Schools
A district in the city of New Orleans will close all of its city-run schools next week. Permanently. This is Katrina for the American Federation of Teachers. Blown away. Washed out. Floating face down. The teachers will never again exercise the strike threat against the district. Charter schools have replaced the public schools. Charter schools […] READ MORE


Climate Change: 97% of Scientists Don’t Agree
If you have the temerity to challenge calls for the government to take aggressive action to reduce carbon dioxide emissions, you will probably have someone call you a “climate science denier.” You will further be lectured that “97% of climate scientists agree” on this consensus. But there’s a bait-and-switch going on here, as Joseph Bast […] READ MORE


The Commercial Case for Organic Food
I have just seen a very good documentary on the contrast between organic food and agribusiness food in the United States. It is called Fresh. It came out in 2009. I saw it on Amazon. I am an Amazon Prime member, so I watched it for free. Here is a trailer. I have been aware […] READ MORE

Video: Like a Tornado in a Trailer Park
Twenty-five years ago, on a short-lived TV show called Heartland, someone made this comment. It is the only thing I recall about the show, other than the fact that it starred Brian Keith. “Tornadoes are God’s way of telling people not to live in trailer parks.” I was reminded of this comment when I saw […] READ MORE

The Only Democrat I Ever Voted for Just Lost, After 34 Years
Congressman Ralph Hall of Texas lost in a primary bid for an 18th term. I voted for him in the first year he was elected, 1980. He later switched to the Republicans. Ron Paul supported him this time. But, at 91, he has been turned out — the oldest man in Congress, and the last […] READ MORE

Illinois’ $200 Lemonade Stands
Entrepreneurship is out of control in Illinois. Kids are setting up lemonade stands. Worse, some of them are setting up cupcake stands. They do this on their own, you understand. They have not cleared this with any state or local official. Something has to be done. Donne Trotter (D-Chicago) has done something about it. Trotter […] READ MORE

Americans Pay Taxes Rather Than Saving
Americans pay around 40% of their income to various governments. Then they find that they have no savings. At least one-quarter of Americans have no savings for retirement. Actually, most of these zero-thrift people pay no federal income tax. But they do pay Social Security and Medicare taxes if they work. They hope that when […] READ MORE

Illegal Marijuana Market Goes to Pot
Pot growers in Mexico are going bankrupt. Prices have fallen 75%. Why? It has been legalized in two states: Colorado and Washington. The price of pot has fallen 75%. This is basic economics. Competition drives down prices. But how? How does all that legal pot in two states get to other states? By car. Someone […] READ MORE

California’s Shale Oil Goes Down the Drain
We hear a lot about shale oil. We heard a lot about the Monerray discovery. It was huge. It was billions of barrels. It just got downgraded by 96%. Poof! Here is the story from Chris Martenson. Just today, we learned that the EIA has placed a hefty downward revision on its estimate of the […] READ MORE

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