patrick.net

indigenous's comments

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  indigenous   ignore (0)   2017 Mar 25, 10:38am   ↑ like (0)   ↓ dislike (1)     quote      

It is really a case of the lobbying buying off congress.

  indigenous   ignore (0)   2017 Mar 25, 11:22am   ↑ like (0)   ↓ dislike (0)     quote      

The more things change...

  indigenous   ignore (0)   2017 Mar 25, 3:41pm   ↑ like (1)   ↓ dislike (0)     quote      

Ah yeah, Fuck McCain, Fuck the UN, i'm surprised he didn't mention the thousand points of light.

  indigenous   ignore (0)   2017 Mar 25, 11:09pm   ↑ like (0)   ↓ dislike (0)     quote      

bob2356 says

The Koch Brothers

Do tell.

  indigenous   ignore (0)   2017 Mar 25, 11:10pm   ↑ like (0)   ↓ dislike (0)     quote      

bob2356 says

You forgot a few.

And GM and Warren Buffet

  indigenous   ignore (0)   2017 Mar 26, 4:36pm   ↑ like (1)   ↓ dislike (2)     quote      

How is this even remotely important, everyone on the beltway is a liar.

Anyway at the absolute minimum he is infinetly better than the alternative.

  indigenous   ignore (0)   2017 Mar 26, 6:19pm   ↑ like (0)   ↓ dislike (1)     quote      

Not a good idea. Why do you keep trying to expand government, that is the wrong way to.

A better strategy is to get rid of regulations that drive real estate costs up.

  indigenous   ignore (0)   2017 Mar 26, 6:53pm   ↑ like (0)   ↓ dislike (0)     quote      

I don't know the particulars of real estate.

But ALL monopolies come from government intervention, NO exceptions.

E.G. a taxi medallion in NYC is 500k, Davis Bacon laws were to protect union jobs (prevailing wage jobs), the FDA's real purpose it to protect EpiPen type companies from competitors.

  indigenous   ignore (0)   2017 Mar 26, 8:32pm   ↑ like (0)   ↓ dislike (0)     quote      

Patrick says

Uh, wrong.

Uh back at ya. You are misinformed.

This is a cut and paste from the Mises institute:

The battle between market and political entrepreneurs was not confined to the railroad and oil industries. Indeed, from the mid-nineteenth century onward, this sort of battle marked the development of much of American industry — the steamship industry, the steel industry, and the auto industry, to name just a few.

For example, the great steamship entrepreneur Cornelius Vanderbilt competed with government-subsidized political entrepreneurs for much of his career. In fact, he got his start in business by competing — illegally — against a state-sanctioned steamship monopoly operated by Robert Fulton. In 1807, the New York state legislature had granted Fulton a legal, thirty-year monopoly on steamboat traffic in New York — a classic example of mercantilism.37 In 1817, however, a young Cornelius Vanderbilt was hired by New Jersey businessman Thomas Gibbons to defy the monopoly and run steamboats in New York. Vanderbilt worked in direct competition with Fulton, charging lower rates as his boats raced from Elizabeth, New Jersey, to New York City; to underscore the challenge to Fulton's monopoly, Vanderbilt flew a flag on his boats that read NEW JERSEY MUST BE FREE. Slowly he was breaking down the Fulton monopoly, which the US Supreme Court finally ended in 1824, ruling in Gibbons v. Ogden that only the federal government, not the states, could regulate interstate trade under the Commerce Clause of the Constitution.38

As the cost of steamboat traffic plummeted because of deregulation, the volume of traffic increased significantly and the industry took off. Vanderbilt became the leading market entrepreneur in the industry, but he would continue to face government-subsidized competitors. For example, steamship operator Edward K. Collins convinced Congress that it needed to subsidize the transatlantic steamship business to compete with the Europeans and to create a military fleet in case of war. In 1847 Congress awarded Collins $3 million, plus $385,000 per year. Sitting on these fat subsidies, Collins had little incentive to build his ships efficiently or to watch his costs once they were built. Instead of focusing on making his business more efficient, Collins spent lavishly on lobbying, including wining and dining President Millard Fillmore, his entire cabinet, and many congressmen.39

Like James J. Hill in the railroad industry, Vanderbilt did not shy away from competing against his heavily subsidized rivals. Not surprisingly, these government-supported rivals ultimately could not keep up with Vanderbilt, in large part because the stifling regulations that were inevitably attached to the government subsidies made these steamship lines remarkably inefficient. By 1858, Collins's line had become so inefficient that Congress ended his subsidy, and he promptly went bankrupt. He could not compete with Vanderbilt on an equal basis.

https://mises.org/library/truth-about-robber-barons#4

At the Microsoft monopoly, there was Apple and Linux, i.e. not a monopoly.

  indigenous   ignore (0)   2017 Mar 28, 9:05am   ↑ like (0)   ↓ dislike (0)     quote      

I would expect nothing more from FU Schumer

  indigenous   ignore (0)   2017 Apr 2, 7:04am   ↑ like (0)   ↓ dislike (1)     quote      

Again with the bubble talk, no bubble currently.

  indigenous   ignore (0)   2017 Apr 6, 10:33pm   ↑ like (0)   ↓ dislike (0)     quote      

Patrick says

Not funny. Post in different thread.

Which one?

  indigenous   ignore (0)   2017 Apr 7, 7:46pm   ↑ like (2)   ↓ dislike (0)     quote      

I don't disagree with most of the above, but they don't even mention demographics, or the growth in government.

In today's world an awful lot of the economy goes to the parasites in he name of something, but a complete drag on the free market.

  indigenous   ignore (0)   2017 Apr 8, 10:41pm   ↑ like (0)   ↓ dislike (0)     quote      

just any guy says

Who else noticed that she's doing Illuminati hand signals?

Oh yeah, she has hands you are right.

  indigenous   ignore (0)   2017 Apr 10, 9:52am   ↑ like (0)   ↓ dislike (0)     quote      

Lends a new meaning to "Redskins".

As errc stated Alcohol is a poison as are all drugs even coffee is a poison.

  indigenous   ignore (0)   2017 Apr 10, 1:26pm   ↑ like (1)   ↓ dislike (0)     quote      

Oh ok thanks, I didn't know that about quick sand must of missed the memo on that, I still thought it would suck you under. The reason I always stayed clear of the swamp.

In Alaska people get killed every year by getting stuck in the muck and then being drowned by a super fast rising tide. (so fast people can actually surf it).

Maybe something the Wogster can take up in his new residence.

  indigenous   ignore (0)   2017 Apr 12, 7:33am   ↑ like (0)   ↓ dislike (0)     quote      

Starting from a low bar.

  indigenous   ignore (0)   2017 Apr 19, 8:19am   ↑ like (1)   ↓ dislike (0)     quote      

It seems to me that Patrick is talking about some form of estoppel. This usually applies to a quote or a lease agreement. It would be a stretch, but this seems to be a possibility.

  indigenous   ignore (0)   2017 Apr 19, 8:41am   ↑ like (0)   ↓ dislike (0)     quote      

Same sort of thing happens in auctions, they usually use shills.

  indigenous   ignore (0)   2017 Apr 22, 10:27am   ↑ like (0)   ↓ dislike (0)     quote      

I think Will has this right and it was the plan from the get go.

The KOS is not worth reading.

  indigenous   ignore (0)   2017 Apr 22, 8:03pm   ↑ like (2)   ↓ dislike (0)     quote      

I DON'T like Maher but I like this.

  indigenous   ignore (0)   2017 Apr 24, 9:47pm   ↑ like (0)   ↓ dislike (0)     quote      

Seems like France has bigger things to worry about than sexism.

  indigenous   ignore (0)   2017 Apr 24, 9:50pm   ↑ like (2)   ↓ dislike (0)     quote      

If they become sentient that will be an issue. It does beg the question of whether libbys have rights because of their absence of sentience?

  indigenous   ignore (0)   2017 May 1, 4:35pm   ↑ like (3)   ↓ dislike (0)     quote      

I have felt like that , when the jumper has the whole frwy shut down.

  indigenous   ignore (0)   2017 Jun 17, 1:52pm   ↑ like (0)   ↓ dislike (0)     quote      

The world has been being automated since the invention of the wheel. The economy has expanded since the beginning of time by trade, specifically comparative advantage.

It is more efficient to do more of what you do that is the most profitable and to sub out / off shore those things that others can do.

Has been that way for a loooong time.

AI will create jobs PERIOD because of trade.

  indigenous   ignore (0)   2017 Jul 9, 12:45pm   ↑ like (3)   ↓ dislike (0)     quote      

I love the Dead.

  indigenous   ignore (0)   2017 Jul 16, 6:51am   ↑ like (0)   ↓ dislike (0)     quote      

Remember Facebook?

  indigenous   ignore (0)   2017 Jul 16, 7:09am   ↑ like (0)   ↓ dislike (0)     quote      

I'm thinking Snapchat will be similiar

  indigenous   ignore (0)   2017 Jul 16, 8:52am   ↑ like (0)   ↓ dislike (0)     quote      

That's my point.

I bought some last week

  indigenous   ignore (0)   2017 Jul 16, 1:53pm   ↑ like (0)   ↓ dislike (0)     quote      

I don't know, it appears to be popular with young people.

The reason it will be valuable is as a vehicle for advertising.

  indigenous   ignore (0)   2017 Jul 16, 2:31pm   ↑ like (0)   ↓ dislike (0)     quote      

FortWayne says

I'm thinking Snapchat will fail.

Are you the one who went long on oil?

  indigenous   ignore (0)   2017 Jul 17, 9:18am   ↑ like (0)   ↓ dislike (0)     quote      

Robots will create more jobs than they take, to think otherwise is superstition.

  indigenous   ignore (0)   2017 Aug 9, 5:41pm   ↑ like (1)   ↓ dislike (0)     quote      

just any guy says

I always love sipping my favorite cup o' joe while inhaling shit particles.

Is that a new trend?

  indigenous   ignore (0)   2017 Aug 24, 7:50pm   ↑ like (2)   ↓ dislike (0)     quote      

That's right, the lower class are subsidized in order to be obsequious servants of the chosen ones subsidized by the state at the higher end. E.G. Elon Musk