Freedom & New York On This Day in History

New York Ranks the Least Free State of All

This day in history: New York becomes the first U.S. state to require automobile license plates on this day in 1901. My first reaction when reading this was "of course they were. New York has been the least free state in the country for a long time. Economic freedom is New York's greatest weakness, but the state has not kept up with the rest of the country on personal freedoms either. New York is also the worst state on regulatory policy, land-use freedom is very low, primarily because of the economically devastating rent control law in New York City. New York’s local tax burden is double that of the average state, and NY also suffers from a lack of “school choice.” Exorbitant prices on tobacco leads to selling cigarettes as singles, and forget about getting a gun there. More people leave New York than any other State.

America’s Most Libertarian State Is…?

Earth Day and Socialism on This Day in History

Buy: The Folly of Socialism (40 Chapters) for 99 cents on Amazon

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This Day in History: The first Earth Day was held on this day in 1970. The co-founder of Earth was Ira Einhorn...also known as the Unicorn Killer. Earth Day also falls on Communist Leader Vladimir Lenin's birthday which many consider no coincidence. April 22 is actually a big day for Socialism/Communism. The Marxist-Leninist Communist Party of India formed on this day in 1969. The Paris Agreement was signed on this day in 2016. Witnesses begin testifying in the Army–McCarthy hearings began on this day in 1954. Richard Nixon died on this day in 1994 (Milton Friedman maintained that Nixon was the most Socialistic president of the 20th century). Immanuel Kant was born on this day in 1724 as well (his philosophy was the basis on which the structure of Marxism was built.)
Earth Day Co-Founder Killed, Composted His Girlfriend

See also: Thought-Provoking Quotes about Socialism
https://thebookshelf2015.blogspot.com/2018/08/thought-provoking-quotes-about-socialism.html

Economics is the Queen of all Sciences by Henry D. Macleod M.A. 1896
https://thebookshelf2015.blogspot.com/2018/02/economics-is-queen-of-all-sciences-by.html

See also Over 300 PDF/Acrobat Books on Socialism, Communism and Economics on DVDrom
http://thebookshelf2015.blogspot.com/2015/10/over-300-pdfacrobat-books-on-socialism.html

See also Over 300 PDF/Acrobat Books on Socialism, Communism and Economics and 300 Books on DVDrom for Libertarians, Objectivists and Voluntaryists

For a list of all of my books on disks and other ebooks click here

Start watching at the 11:45 timeframe

John Maynard Keynes on This Day in History

Listen to: Keynesianism Flattened

This Day in History: British economist, John Maynard Keynes died on this day in 1946. His Kenyesian economic theory can perhaps be summarized in 7 words: "governments should spend money they don't have." His greatest work was "The General Theory of Employment, Interest, and Money." Richard M. Ebeling wrote of this book: "Few books, in so short a time, have gained such wide influence and generated so destructive an impact on public policy. What Keynes succeeded in doing was to provide a rationale for what governments always like to do: spend money and pander to special interests...Keynes’s legacy has given us paper-money inflation, government deficit spending, and more political intervention throughout the market." The trillions of dollars in debt we now find ourselves in is the legacy of John Maynard Keynes, and at some point there has to be a reckoning. Keynes was not concerned with the future consequences of his policies, because, as he says: “In the long run we are all dead.”

See also The History & Mystery of Money & Economics-250 Books on DVDrom

Visit my Econ blog at http://fredericbastiat1850.blogspot.com/

For a list of all of my disks and ebooks (PDF and Amazon) click here

Where Keynesianism Goes Wrong

Robinhood Stock Trading on This Day in History

This Day in History: The stock trading app Robinhood launched on this day in 2013, and it has changed an industry in the process. The company offers a service that gives people the ability to invest in stocks, ETFs, and options without the fees. Prior to this, zero-commission stock trading was unheard of. Robinhood now has 10 million users, and as a consequence, the big boys, such as E-Trade, TD Ameritrade and Charles Schwab finally bit their lip and started offering free stock trading as well. I use Robinhood primarily to trade (yup, I'm a Featherhead) but I also use the Public app to buy fractional shares, (I also have accounts with TD Ameritrade and Interactive Brokers [also free]). This change in the industry has allowed the little guy (like me) to take an interest in the Stock Market. Many complain that Robinhood has less research features, but that's why I use Finviz, Yahoo Finance, Chartmill, Marketwatch, Stocktwits, Stockmaster etc for that. One day, when things get back to normal and my wife and I start making money again, I will get back into this.

The Dow on This Day in History

This Day in History: The Dow Jones Industrial Average closes above the 10,000 mark for the first time on this day in 1999, which eventually led to the dot-com bubble. The Dow is a stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States which is considered to be an adequate representation of the overall U.S. stock market. The 30 Large Cap companies right now consist of 3M, American Express, Apple, Boeing, Caterpillar, Chevron, Cisco, Coca-Cola, Disney Company, DowDuPont, ExxonMobil, GE, Goldman Sachs, Home Depot, IBM, Intel, Johnson & Johnson, JPMorgan Chase, McDonald's, Merck, Microsoft, Nike, Pfizer, P&G, Travelers Companies, United Technologies, UnitedHealth, Verizon, Visa and Wal-Mart. Other market indices may be more accurate such as the Wilshire 5000 or Russell 3000 as they take into consideration the whole of the market.

Stock Market & Investing Books you Won't Believe Are Online For FREE
https://thebookshelf2015.blogspot.com/2020/01/stock-market-investing-books-you-wont.html

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See also The History & Mystery of Money & Economics-250 Books on DVDrom

See my Economics blog at http://fredericbastiat1850.blogspot.com/

Mussolini's Fascism on This Day in History

Buy: The Folly of Socialism (40 Chapters) for 99 cents on Amazon

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This Day in History: Benito Mussolini starts his Fascist political movement on this day in 1919. While it is fashionable to state that Fascism is right-wing, Mussolini was a Socialist and he was immersed in socialism by his father. Fascism and Communism (Socialism) were (and are) so similar that they had to define themselves in opposition to each other in order to survive. As an economic system, says Sheldon Richman, fascism is socialism with a capitalist veneer:

"Where socialism sought totalitarian control of a society’s economic processes through direct state operation of the means of production, fascism sought that control indirectly, through domination of nominally private owners. Where socialism nationalized property explicitly, fascism did so implicitly, by requiring owners to use their property in the “national interest”—that is, as the autocratic authority conceived it. (Nevertheless, a few industries were operated by the state.) Where socialism abolished all market relations outright, fascism left the appearance of market relations while planning all economic activities. Where socialism abolished money and prices, fascism controlled the monetary system and set all prices and wages politically."

See also: Thought-Provoking Quotes about Socialism
https://thebookshelf2015.blogspot.com/2018/08/thought-provoking-quotes-about-socialism.html

Economics is the Queen of all Sciences by Henry D. Macleod M.A. 1896
https://thebookshelf2015.blogspot.com/2018/02/economics-is-queen-of-all-sciences-by.html

See also Over 300 PDF/Acrobat Books on Socialism, Communism and Economics on DVDrom
http://thebookshelf2015.blogspot.com/2015/10/over-300-pdfacrobat-books-on-socialism.html

See also Over 300 PDF/Acrobat Books on Socialism, Communism and Economics and 300 Books on DVDrom for Libertarians, Objectivists and Voluntaryists

For a list of all of my books on disks and other ebooks click here

The 1933 Bank Holiday on This Day in History

This Day in History: Banks in the U.S. begin to re-open after the three-day national "bank holiday" on this day in 1933 when all the banks were closed. This is to prevent a run on the banks and cool down emotions. This is similar to the 2 market halts this past week. The Stock Market circuit breakers works in three stages. The New York Stock Exchange will be halted for 15 minutes if there is a 7% drop in trading because of panic selling (of the S&P 500). To be shut down a second time for 15 minutes on the same day, there has to be a 13% decline in trading once trading has resumed. After this, when trading takes place again and there is a 20% decline, the stock market is shut down for the remainder of the day.

The stock market was closed for a entire week when Lincoln was shot and killed in 1865. The stock market was also closed for about a week after 9/11. The market halted for a whopping four months at the outbreak of World War I.

These stock market panics come with great opportunities. Tesla stock (TSLA) was trading over $900 a month ago...now it is $560. Apple stock (APPL) is below $250, Ford stock is in the $5 range. Norwegian Cruise Lines (NCLH) is now trading at $9.61, but in December that stock was almost $60. Royal Caribbean (RCL) is now trading for $30, back in December it was $133. These industries will all bounce back.

New Deal or Raw Deal - The Real FDR Record