Tag Archives: Prices

What does “quantitative easing” really mean?

There are some mild curse words in this, but it is the awesome. (H/T ECM and Lex Communis)

The video has gone the viral. It has the 600,000 views as of the 10 PM.

“Of course not, they are the Goldman Sachs. They make their money ripping off the American people”. LOL!

UPDATE: 24 hours later, and close to a million page views.

Supreme Court sides with Conservative Party against price-fixing monopoly

Prime Minister Stephen Harper

Story here from the Vancouver Sun. (H/T Andrew)

Excerpt:

The Canadian Wheat Board cannot spend money on advocacy to protect its monopoly, following a Supreme Court of Canada decision Thursday against hearing an appeal from the Winnipeg-based agency, which asserts that it has been silenced by the Conservative government.

Without giving reasons, the high court declined the appeal application to a Federal Court of Appeal ruling that sided with the federal government in its 2006 order from then-agriculture minister Chuck Strahl for the board to refrain from spending its money on lobbying.

[…]The federal Conservatives are seeking to end the board’s monopoly, which is controlled by farmers. The monopoly makes the agency one of the world’s biggest exporters of wheat and barley.

The board maintains that the monopoly ensures farmers receive the best prices for their grain, but the federal government, along with some farmers, say that they would be better off in a free market, selling their products on their own.

Conservatives are for a free market and competition, because we believe that it is the best way for consumers to get a low price and high quality. The proper role of government is to ensure that no organization or business enjoys monopoly status due to the government insulating them from competition. The Canadian Wheat Board is just one option, but farmers should have other choices to sell their product.

Capitalism is opposed to monopolies and it is the proper role of government to make sure that no government policy is set up to favor one corporation over any competitor. Let the farmers choose what is best for them. Choice and competition.

Michele Bachmann in defense of free trade agreements

Representative Michele Bachmann
Representative Michele Bachmann

ECM sends word of a Michele Bachmann column posted at the Heritage Foundation!

Excerpt:

Each day in Minnesota and all across the nation, billions of dollars worth of products begin their journey to be sold overseas. American farmers, manufacturers, and businesses rely on exports to strengthen and grow both their bottom line, as well as our economy’s.

Free and fair trade agreements help spur economic growth; improve efficiency and innovation; create better, higher-paying jobs for hard-working Americans; and increase the availability of lower-priced products here in the United States.

Furthermore, the role of free trade as an expression of liberty and opportunity for all individuals signifies the very principles our country was founded upon.

Yet, the free trade agreements with Panama, South Korea and Colombia negotiated under the Bush Administration remain little more than words on paper. Despite having been carefully negotiated over a period of two and half years, these agreements have become bogged down by partisan divides. In the meantime, with an average tariff of 53% imposed on U.S. agricultural products by South Korea last year, for example, there is little wonder the United States International Trade Commission estimates U.S. sales of agricultural products could increase by as much as $3.8 billion once the U.S.–South Korea agreement is fully implemented.And while Congressional leaders seem content to leave these agreements on the back burner, America’s fragile industries are left hanging in the balance. The impact of depressed exports is fully evident to those who make their livelihood from them. In fact, Minnesota’s manufacturing exports experienced a 19% decline during the first quarter of 2009, mirroring a similar decrease nationwide. And our agricultural sector, especially our ailing pork and dairy producers, certainly needs no reminder of the importance of expanded export channels to the survival of their farms.

Click through and read the whole thing.

Reading this column filled me with joy and admiration, because Michele Bachmann shows  how good a Christian woman can be if she puts her mind to it. It’s so good that she has an informed view of economic policy and realizes how prosperity is important to Christians who are trying to marry and raise a family. Money is the fuel we use to run our life plans, so we all need to have jobs and to make sure that our dollar buys as many useful things as possible, by keeping prices low.

Here are my recent posts on Michele Bachmann:

You can click here for her video blog.

Please contribute to her 2010 campaign, if you can.

Here are all the posts tagged “Michele Bachmann”.

New Alfonzo Rachel video

By the way, for my female readers, the male equivalent of Michele Bachmann is Alfonzo Rachel. You can see his latest video which explains why Christianity is not compatible with socialism. He’s a devout Christian and he understands economics. He also is very entertaining in these videos he makes for PJTV.