Jamie Dimon says oil and gas is the only way to protect America

In separate – and far more provocative -comments made earlier in the day during a JPMorgan investor seminar where he led a fireside chat moderated by JPMorgan’s Gergana Thiel, Dimon made some extremely outspoken comments which, however, you won’t hear on the mainstream media, telling a small group of listeners that was closed to the press that the “President of the United States needs to stand up and say we may not meet our 2050 climate objectives because this is a fucking war”.

He also said “time to stop going hat in hand to Venezuela and Saudi and start pumping more oil & gas in the USA”

Read the full article at: www.oilandgas360.com

Econ 101 strikes again – St. Paul’s Rent Control Experiment Is Increasingly Disastrous

The mayor of St. Paul is desperately seeking to limit the damage of a rent control policy he supported.

When St. Paul’s rent control ballot measure passed in November, it contained a unique provision for national rent control policies: there was no exception for new housing construction. Typically, in order to make sure that new homes still get financed and built, rent control policies only apply to older apartments, either exempting buildings for a certain period of time or only including buildings built before a certain date. The policy laid out in the St. Paul referendum had no such exception.

With the passage of the rent control ordinance, there’s now a useful real-world experiment taking place. Was the conventional wisdom true that rent control would reduce housing construction, and if so, to what degree? Or is it possible to apply rent control to new housing without impacting the new apartments that cities like St. Paul need?

Read the full article at: www.intellectualtakeout.org

Ludwig von Mises’s Socialism: A Still Timely Case Against Marx

Ludwig Von Mises, among the most influential economic thinkers of the 20th century. 

Mises thought that socialism needed a comprehensive refutation, covering not just the failures of economic planning, but socialism’s analysis of history, its theory of monopoly, the relevance of classes, and its ethics.

“The Marxians love of democratic institutions was a stratagem only, a pious fraud for the deception of the masses. Within a socialist community there is no room left for freedom.” – Ludwig Von Mises

Read the full article at: www.econlib.org