Undisciplined

Herbert Hoover, Enemy of Free Markets https://mises.org/mises-wire/herbert-hoover-enemy-free-markets By William L. Anderson > An enduring myth among American historians is that President Hoover’s response to the Depression was to let the free market work. https://stacker.news/items/1282781

Teradollar Deficits Forever https://mises.org/mises-wire/teradollar-deficits-forever By Vincent Cook > Neither Congress nor President Trump speak anymore about a balanced budget. Instead, the Republicans and Democrats compete with each other to see who can spend the most.    https://stacker.news/items/1282761

Food Stamps and the Federal War on Self-Reliance https://mises.org/mises-wire/food-stamps-and-federal-war-self-reliance By James Bovard > The government “shutdown” and the so-called threat to the food stamp program may be abated for now, but we need to understand why this program has metastasized in recent years. James Bovard tells us why. https://stacker.news/items/1281819

Sorcerers of Demand https://mises.org/power-market/sorcerers-demand By Roman Kireev > Central planners act as sorcerers who can conjure economic prosperity through artificially increasing demand. https://stacker.news/items/1280990

The Crisis in 10 Points (2008) https://mises.org/mises-daily/crisis-10-points By Robert Stewart > The art of economics consists in looking not merely at the immediate but at the long effects of any act or policy. https://stacker.news/items/1280969

50-Year Mortgages Won't Make Housing More Affordable https://mises.org/mises-wire/50-year-mortgages-wont-make-housing-more-affordable By Connor O’Keeffe > President Trump has proposed a 50-year mortgage for new homebuyers, ostensibly to make housing more affordable. Actually, this financial instrument will make housing more costly and do nothing to address the root of this entire problem: the artificial housing shortage. https://stacker.news/items/1280916

Trump's 50-Year Mortgage Will Bring More Inflation and Corporate Bailouts https://mises.org/mises-wire/trumps-50-year-mortgage-will-bring-more-inflation-and-corporate-bailouts By Ryan McMaken > Total mortgage debt will increase as actual ownership in equity will go down. If homeownership does increase, it will be “ownership” of the sort where the homeowner has little to no actual equity.    https://stacker.news/items/1280900

Innovation Is Not the Key Driver of Economic Growth https://mises.org/mises-wire/innovation-not-key-driver-economic-growth By Frank Shostak > Contra the recent winners of the Nobel Memorial Prize in economics, free markets, private savings, and entrepreneurship, not so-called innovation, is what drives a market economy. https://stacker.news/items/1280229

NFL Cross-Offs: Week 11 Here's who we've eliminated from playoff consideration so far: Week 1: Saints Week 2: Dolphins Week 3: Titans Week 4: Jets Week 5: Raiders Week 6: Browns Week 7: Cardinals Week 8: Giants Week 9: Commies Week 10: Cowgirls So, who's most assuredly going to miss the playoffs of the remaining teams? https://stacker.news/items/1280212

On Veterans Day, Remember the Lies That Filled Military Cemeteries https://mises.org/mises-wire/veterans-day-remember-lies-filled-military-cemeteries By James Bovard > A few hours studying the lessons of history can prevent heaps of grave-digging in the coming years. None of the veterans we celebrate on Veterans Day died protecting freedom in the US. https://stacker.news/items/1280183

Stacker Sports Pod • Episode 57: Chasing the NBA Cup and Trading Places https://www.fountain.fm/episode/rmNLv9hPb6f1iTfpfqcq Season 2 Episode 10 covered a lot of ground: CFL Playoffs, Cricket, NBA scandals and trade possibilities, NFL trades and cross-offs, Ovi Watch, and more. Happy listening, stackers! https://stacker.news/items/1278227

Moving at a High Speed toward an Economic Abyss https://mises.org/mises-wire/moving-high-speed-toward-economic-abyss By George Ford Smith > As the US economy slowly deteriorates, the government’s response is to intervene and to inflate. This does not end well. https://stacker.news/items/1277704

Private Jobs Report: US Lost 9K Jobs in October https://mises.org/power-market/private-jobs-report-us-lost-9k-jobs-october By Ryan McMaken > As Trump declares a “golden age,” private jobs decrease. Trump won running against Biden’s economy but has delivered similar results.   https://stacker.news/items/1277296

NFL Cross-Offs: week 10 We crossed of two teams on the last episode, because we recorded after most of the games had been played. Now, we're crossing teams off before the games are played for the week. # Cross-Offs Week 1: Saints Week 2: Dolphins Week 3: Titans Week 4: Jets Week 5: Raiders Week 6: Browns Week 7: Cardinals Week 8: Giants Week 9: Commies Who should we eliminate from playoff contention this week? https://stacker.news/items/1277038

Delinquencies Mount as the American Consumer Runs Out of Money https://mises.org/power-market/delinquencies-mount-american-consumer-runs-out-money by Ryan McMaken > After years of bubble-fueled “prosperity” funded by monetary inflation, American consumers appear to be running out of money.      https://stacker.news/items/1276461

Food Stamp Recipients (and Government Contractors) Should not Be Allowed to Vote https://mises.org/mises-wire/why-food-stamp-recipients-and-government-contractors-should-not-be-allowed-vote by Ryan McMaken > If the voting taxpayers (those who actually pay the bills) are outnumbered or outcompeted by the tax receivers, then national bankruptcy is the most likely outcome.    https://stacker.news/items/1275573

Even 2% Inflation Is Too Much https://mises.org/power-market/even-2-inflation-too-much > Alex Pollock’s latest letter to the editor at the WSJ appeared on Saturday, November 1: > As your editorial (”Getting Used to 3% Inflation,” October 25-26) suggests, 3% is a lot of inflation, much worse than 2%, which is already too high. At sustained 2% inflation, which the Federal Reserve promises, average prices will nearly quintuple in a lifetime of 80 years and the dollar will shrink to a value of 20 cents. At 3%, average prices will multiply by more than 10 times, and the dollar will become 9 cents. Neither satisfies the goal of “stable prices” assigned by the Federal Reserve Act, but 3% misses by a mile. As the great Paul Volcker wrote in his autobiography, “The real danger comes from encouraging or inadvertently tolerating rising inflation and its close cousin of extreme speculation.” > Yours truly, > Alex J. Pollock https://stacker.news/items/1274314

Increases in the Money Supply, Not Corporate Profits, Drive Price Increases https://mises.org/mises-wire/increases-money-supply-not-corporate-profits-drive-price-increases by Frank Shostak > The “greedflation” commentators are at it again, claiming that corporate profits are driving inflation. That is a logical impossibility. https://stacker.news/items/1274283

Stacker Sports Pod 56: Classic World Series and Hitting the Halfway Point https://www.fountain.fm/episode/KP90soAHBPSHZrc05y7K Different recording time, same enthusiastic rambling you've come to expect. https://stacker.news/items/1273894

Which NFL division will win the most combined games? Put your sats where your mouth is! https://beta.predyx.com/market/winningest-nfl-division-1762220024 Or, just leave your meaningless cheap talk answer in the poll. https://stacker.news/items/1273553