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Aug 18, 2022Liked by Peter Nayland Kust

Anyone wishing to see another example of the gap between government promises of subsidies and reality, look at a two-year chart of BTU (coal).

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Subsidies have never worked and have always done far more harm than good.

They make for good short term politics, but are a disaster in every other dimension.

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Aug 18, 2022Liked by Peter Nayland Kust

At the margin, government meddling causes bloodshed. I wish there were a politician who could tell this truth.

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Unfortunately, that truth rather works against a politician's own interest.

If government is the problem (and it is), then the solution is to eliminate government.

And even Ronald Reagan, who was willing to say government was the problem, was hardly enthusiastic about reducing government.

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Aug 17, 2022Liked by Peter Nayland Kust

A look at copper prices since April of this year make it obvious that the FOMC has done enough damage already.

It should not be a huge surprise that the economy is turning with almost the same alacrity as markets, what with China, Russia and the US simultaneously engaging in reckless and damaging flouting of economic common sense. A perfect storm?

Copper is revealing that all government subsidies for electricity are nowhere near enough to disprove reality.

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