Nemo Me Impune Lacessit

Monday, 7 January 2019

Who Doesn’t Want to Pay Twice as Much for Car Insurance?!

Filed under: Economics, Politics — mikewb1971 @ 6:20 PM (18:20)

Here’s a gem from this year’s list of pre-filed bills for New Mexico’s 60-day kabuki show State Legislature

HB 112 DOUBLE VEHICLE INSURANCE MINIMUM COVERAGE

Basically, Representative David M. Gallegos (R-61, Lea County) seems to be of the opinion that auto insurance policies simply don’t offer sufficient coverage. If the insurance companies won’t increase their minimum coverage on their own, then they simply must be made to do via the Iron Fist of the State. For example, the first part of HB 112 —

SECTION 1. Section 66-5-208 NMSA 1978 (being Laws 1978, Chapter 35, Section 282, as amended) is amended to read:

“66-5-208. EVIDENCE OF FINANCIAL RESPONSIBILITY – AMOUNTS AND CONDITIONS. – “Evidence of financial responsibility”, as used in the Mandatory Financial Responsibility Act, means evidence of the ability to respond in damages for liability, on account of accidents occurring subsequent to the effective date of the evidence, arising out of the ownership, maintenance or use of a vehicle of a type subject to registration under the laws of New Mexico, in the following amounts:

  1. [twenty-five thousand dollars ($25,000)] fifty thousand dollars ($50,000) because of bodily injury to or death of one person in any one accident;
  2. subject to this limit for one person, [fifty thousand dollars ($50,000)] one hundred thousand dollars ($100,000) because of bodily injury to or death of two or more persons in any one accident;
  3. [ten thousand dollars ($10,000)] twenty thousand dollars ($20,000) because of injury to or destruction of property of others in any one accident; and
  4. if evidence is in the form of a surety bond or a cash deposit, the total amount shall be [sixty thousand dollars ($60,000)] one hundred twenty thousand dollars ($120,000).”

Now I’m sure that the insurance companies will simply increase the minimum coverage limits to comply with HB 112 without raising premiums for the covered, right?

Of course they won’t — they will probably seek to double the premiums that they charge to the covered as soon as possible after HB 112 is added to NMSA 66-5-208.

It’s what businesses do when the regulatory state requires that they “put out” more — they pass on the cost increase(s) to their customers in the form of increased prices.

“The more numerous the laws, the more corrupt the government.”
Publius Cornelius Tacitus, Annals, Book III, 27

Of course, there’s what could be the flip side of this little bit of cronyist mercantilism.

This could be a put-up job by the insurance companies themselves. Simply put, they could be figuring that since most of the population needs motor vehicles to get around in New Mexico (try using Uber or Lyft outside the urban areas!), they have that population over a financial barrel.

Basically, we need their services to get by, so they can charge what they want and otherwise play games with We the Drivers.

How much did the insurance companies lobby against the “individual mandate” part of Obama’s copy-and-paste job from Massachusetts Romneycare?

[YES, I’m saying that “Mandatory Financial Responsibility Act” should be repealed in its entirety, as it disincentivizes the insurance companies from competing via pricing. I was T-boned by an uninsured driver in April, 2003 — my car was totalled, the other vehicle barely damaged, and all that the responding APD officer did was had the trainee who was riding shotgun with him remove the license plate from the other vehicle. “Tough cookies, Mr. Blessing.”]

Either way, we expect New Mexico Democrats to be advocates for and devotees to the ever-expansive State, enthusiastic about Big Government sticking its fingers, nose and other appendages into our wallets, homes, businesses, among other places.

We expect New Mexico Democrats to cheer on the further infringements of our lives, liberties, properties, and pursuits of happiness in the names of Collectivism and Lefty-Fascism.

We expect New Mexico Democrats to use such anti-Liberty schemes to feather their own nests and the nests of their families and friends, their beneficiaries and sponsors.

But Mr. Gallegos is a Republican.

Don’t Republicans campaign as wanting to get government out of our lives, businesses and properties?

Aren’t Republicans the ones who tell us, “Put us in public office if you want Constitutional government, free-market economics, and individual rights” ?

Don’t Republicans tell us that they’re the ones to root out the corruption in and around the public sector?

So WHY exactly is this particular Republican furthering the State’s intrusiveness into the private sector, and possibly expanding the corruption of New Mexico?

Representative David M. Gallegos – (R-61, Lea County)

District: 61
County: Lea
Service: Representative since 2013
Occupation: Sr. Superintendent
Address: PO Box 998
Eunice, NM 88231
Capitol Phone: 986-4454
Capitol Room: 203IN
Office Phone: (575) 394-0099
Home Phone:
Email: david.rsi@hotmail.com


FOR FURTHER REFERENCE

  1. HB 112 — HTML version, PDF version

NOTES

  1. Published at The Libertarian EnterpriseNumber 1003 – 13 January 2019
  2. Reposted –
    1. Personal blogs and micro-blogs – Diaspora* / Ello / Facebook / Gab / Google Plus / Minds / Oneway / Twitter / VK
    2. Albuquerque Liberty Forum Facebook page
    3. The Weekly Sedition Facebook page
    4. New Mexico Dissent and Expose Facebook page
    5. New Mexico Libertarians Facebook group

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Sunday, 25 November 2018

Paul Krugman, Instructor on Masterclass

Filed under: Economics, Humor, Politics — Tags: , , — mikewb1971 @ 3:52 PM (15:52)

Scrolling through my “News Feed” on Cuckerbergbook, I recently came across this little gem —

<sarc>
Yes, YOU TOO can add to your economics edumication for the low, one-time price of 180!
</sarc>

But seriously, folks, why not simply cut to the chase on this?

<sarc>If we’re going to live the Krugman way, why not go all-out?

Let’s have our friends in the U.S. Air Force and U.S. Navy (and their foreign counterparts around the world) light off all of their special toys? You know, the ones that give us results like this —

That way, we can all cash in and get rich!</sarc>


FOR FURTHER REFERENCE

  1. Economic Policy Journal [EPJ] by Robert Wenzel — Paul Krugman Economics on Gilligan’s Island

    Free Advice by Robert P. Murphy — Gilligan Is Disabused of the Treasury View

NOTES

  1. Published at / in The Libertarian EnterpriseNumber 999 – 2 December 2018
  2. Reposted –
    1. Personal blogs and micro-blogs – Diaspora* / Ello / Facebook / Freedom Vine / Friendica / Gab / Google Plus / Liberty.Me / Minds / Oneway / Tea Party Community / Twitter / VK

Thursday, 20 July 2017

Quote of the Day for Thursday, 20 July 2017

Filed under: Economics, Politics, Principles, Quote of the Day, Reading — Tags: — mikewb1971 @ 4:07 AM (04:07)

It is my contention that this concept of spontaneous order is the central idea of the enlightenment, brought to a pinnacle nine years later by Adam Smith with his invisible hand and applied to life itself by Charles Darwin some decades later. If the English language can get along without a government, why do we so quickly assume that English society cannot organise itself?

To labour the point, today in London roughly 10 million people ate lunch. Working out just how much of each type of food to have available in the right places at the right time to ensure that this happened was a problem of mind-boggling complexity, made all the harder by the fact people made up their mind what to eat mostly at the last minute.

Who was in charge of this astonishing feat? Who is London’s lunch commissioner and why does he get so little credit? Why is this system not subsidised? How can it be so lightly regulated?

The protesters who gather to criticise free enterprise from time to time use Facebook and iPhones to arrange their protest, drink Starbucks and eat Pret, wear shirts and shoes, in some cases even use toothpaste and shampoo before setting out. They swim where they wish to in a sea of possibilities provided by free enterprise.

— Matt Ridley, Free Markets are Revolutionary, Liberating, and Democratic (Foundation for Economic Education [FEE])


Wednesday, 11 January 2017

Frank Zappa Explains Trickle Up Economics

Filed under: Economics — Tags: , , — mikewb1971 @ 3:59 AM (03:59)


NOTES

  1. Reposted –
    1. Personal blogs and micro-blogs – App.net / Diaspora* / Ello / Facebook [page / profile] / Gab / Google Plus / Grassfire / Liberty.Me / Minds / seen.life / Tea Party Community / Twitter / WordPress.com
    2. Libertarian Party –
      1. New MexicoBlog / FB page / FB group
      2. Bernalillo County, New MexicoBlog / FB page / FB group
    3. Albuquerque Liberty Forum Facebook page
    4. Extropy Unbound Facebook page
    5. The Weekly Sedition Facebook page
    6. New Mexico Libertarians Facebook group
    7. The Libertarian Enterprise Facebook group
    8. The Coiled Serpent: A Virtual Tavern Facebook group

Copyright © 2017 Libertarian Party of New Mexico, Libertarian Party of Bernalillo County, New Mexico and Mike Blessing. All rights reserved.
Produced by KCUF Media, a division of Extropy Enterprises.
This blog entry created with medit and Notepad++.

Wednesday, 2 November 2016

What would a Libertarian Administration look like?

Filed under: Economics, Media, Politics, Principles — Tags: , , , , — mikewb1971 @ 1:06 PM (13:06)

The Gary Johnson presidential campaign seems to be the Libertarian Party’s best chance at winning the White House to date. That possibility seems to have lots of people scared out of their minds.

So let’s take a look at some ways that a Libertarian Administration would conduct business.

First, we need to understand that libertarianism is all about the Non-Aggression Principle: No one has the right to initiate force or fraud against anyone else, nor to threaten or delegate that initiation. No exceptions will be granted “under color of law.”

Also understand that we’re NOT looking to be Romney / Bush Republicans with “L” after our names. If we wanted that, we would simply cut to the chase and sign up as Democrats.

With that in mind, here are some examples of the policies that our prospective Libertarian Administration will undertake:

First, a Libertarian Administration will NOT seek to expand the size, intrusiveness or expense of government by one iota, on any issue. We’re not looking to grow the federal government — not by two percent, much less the ten or twenty percent that a Clinton or Trump Administration will attempt. At worst, we will FREEZE it where it’s at when we take the reins. The 2017 budget that we receive on January 21st will be the budget for 2018, 2019, 2020 and 2021.

No, we’re not looking to expand the welfare state one bit. Nor are we looking to create more regulations upon business or your personal life. Those regulations stifle creativity, growth and economic progress.

Second, the White House will become a pardon factory. All of the people in prison solely for federally-mandated victimless crimes — sawing off a shotgun barrel, having more than a certain amount of marijuana, draining a puddle on their own property — will be pardoned, because they didn’t really do anything wrong.

Third, we’re going to STOP putting people in prison in the first place for those victimless crimes — after Obama decided that he can pick and choose which parts of Obamacare he can enforce, we can choose not to enforce the victimless crime laws, as well — and we’re going to call for the repeal of those laws.

Fourth, we’re going to drastically reduce taxes, if we can’t wipe them out completely. This idea that we’re going to settle for a 25-30 percent national sales tax is nonsense. If we’re going to compromise on a tax rate, it will be more like five percent, and disregard that “revenue neutrality” hogwash — that’s just pundit-speak for “We don’t really have to cut spending.”

Fifth, we’re looking to fundamentally transform the welfare state from what it is now — a massive top-down, bureaucratic system for legalized vote-buying — into something that actually helps the people it’s supposed to help. We’ll turn the various agencies into 501-c-3 charities, and forbid them from taking tax money or lobbying governmental bodies in their charters. Then the people who support them will know that their donations will go a lot further.

Nor do we support any corporate welfare. No more bailouts, no more tax-funded football stadiums, movie subsidies, or contracts for white-elephant projects. The “Albuquerque Rapid Transit” inanity is a prime example of this.

Sixth, on foreign policy: for decades, libertarians have been defamed as “isolationists.” True isolationism was Japan between 1635 and 1853, or China between 1757 and 1839. We simply don’t want America to be micromanaging the affairs of the rest of the world.

Seventh, we will not support forced association under the rubric of “non-discrimination” or “public accommodation.” The slogan “NO means NO” used against rape apologists works just as well here. No Jew should have to bake a cake for a Nazi wedding. This concept should be applied consistently across the population.

To summarize, We The Libertarians simply want to live our own lives, and let everyone else live theirs.


NOTES

  1. Approximate reading level – 12.8
  2. Published elsewhere
    1. nmpolitics.net – Sunday, 23 October 2016
    2. The Santa Fe New MexicanSaturday, 29 October 2016
    3. ABQ Free PressWednesday, 2 November 2016, page 9 (“Libertarianism Explained In 700 Words or Less”)
  3. Reposted –
    1. Personal blogs and micro-blogs – App.net / Diaspora* / Ello / Facebook [page / profile] / Gab / Galaxy2 / Liberty.Me / seen.life / Tea Party Community / Twitter / WordPress.com
    2. Albuquerque Liberty Forum Facebook page
    3. Extropy Unbound Facebook page
    4. Libertarian Party of New Mexico Facebook page
    5. The Weekly Sedition Facebook page
    6. Libertarian Party of New Mexico Facebook group
    7. New Mexico Libertarians Facebook group
    8. The Libertarian Enterprise Facebook group

Copyright © 2016 Libertarian Party of New Mexico and Mike Blessing. All rights reserved.
Produced by KCUF Media, a division of Extropy Enterprises.
This blog entry created with medit and Notepad++.

Monday, 6 June 2016

Winner of the Internet for Sunday, 5 June 2016

Filed under: Economics, Politics, Principles — Tags: , — mikewb1971 @ 6:40 AM (06:40)

Or at least the libertarian part of it.

That would be Christopher Schmidt, by the way —


NOTES

  1. Reposted –
    1. Personal blogs and micro-blogs – Diaspora* / Ello / Facebook [page / profile] / Google Plus / Liberty.Me [blog / profile] / Minds / seen.life / Tea Party Community / tsu / Twitter / WordPress.com
    2. The Weekly SeditionFacebook / Google Plus / Twitter / WordPress.com
    3. Darth Mike – Facebook / WordPress

Copyright © 2016 Mike Blessing. All rights reserved.
Produced by KCUF Media, a division of Extropy Enterprises.
This blog entry created with medit and Notepad++.

Saturday, 4 June 2016

Quote of the Day for Saturday, 4 June 2016

Filed under: Economics, Politics, Principles, Quote of the Day — Tags: , , — mikewb1971 @ 7:39 AM (07:39)

“Governments can create the climate for economic growth . . . [but] only the private sector can produce a peace that will endure.”

Former U.S. Secretary of State Warren Christopher,
(1 December 2004). Prosperity in the New Middle East: Building the Structures of Peace, remarks made at the 1994 MENA Economic Summit. Casablanca, Morocco.


NOTES

  1. Reposted –
    1. Personal blogs and micro-blogs – Diaspora* / Ello / Facebook page / Facebook profile / Google Plus / seen.life / tsu / Twitter / WordPress.com
    2. Libertarian Party –
      1. New MexicoLPNM Blog / LPNM Official Facebook page / LPNM Official Facebook group
      2. Bernalillo County, New MexicoLPBC Blog / LPBCNM Official Facebook page / LPBCNM Official Facebook group
    3. The Weekly SeditionFacebook / Google Plus / Twitter / WordPress.com
    4. Extropy UnboundFacebook / WordPress.com
    5. New Mexico Libertarians Facebook group
    6. The Libertarian Enterprise Facebook group

Copyright © 2016 Libertarian Party of New Mexico, Libertarian Party of Bernalillo County, New Mexico and Mike Blessing. All rights reserved.
Produced by KCUF Media, a division of Extropy Enterprises.
This blog entry created with medit and Notepad++.

Tuesday, 21 April 2015

Richard Berry, Keynesian (Letter to the Editor)

Filed under: Economics, Media, Politics, Principles — Tags: , , , , — mikewb1971 @ 6:50 AM (06:50)

From: Mike Blessing
To: Editorial Page Editor, Albuquerque Journal
Date: Wednesday, 8 April 2015
Subject: Richard Berry, Keynesian

Today’s Journal had as its headline a bit of free advertising — dare I call it a “puff piece” ? — about Richard Berry’s 50-mile bike loop.

Back in 2011, when Berry first proposed this elephante blanco project, he said that it “would create jobs.”

And it will for some — in the same way that Barack Obama’s “American Recovery and Reinvestment Act” (the 2009 “stimulus package”) created jobs.

First, there’s the construction jobs for workers hired to build the project. But — those aren’t permanent jobs. When the project is completed, those jobs go away.

Then there’s the positions in Parks & Recreation and Public Works that will be added to maintain it. Those positions (and the funding for them) will be subject to the whims of future City Councils and Mayors.

The basic idea here is that public spending will create economic activity in the private sector, because those hired to build and maintain this project will spend their paychecks in the market, thus the “stimulus.”

What Berry and Obama either don’t realize or care about is that monies taxed from the private sector could also be spent in the market by the people who earned them in the first place in the same manner. Is that not a “stimulus” as well?

No, Richard Berry wasn’t the first to propose this sort of nonsense. Nor was Barack Obama. That “honor” goes to John Maynard Keynes.


NOTES

  1. Approximate reading level – 10.7
  2. Reposted –
    1. Personal blogs and micro-blogs – Facebook / Google Plus / Twitter
    2. The Weekly SeditionFacebook / Google Plus / Twitter / WordPress

Copyright © 2015 Mike Blessing. All rights reserved.
Produced by KCUF Media, a division of Extropy Enterprises.
This blog entry created with Notepad++

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Monday, 9 March 2015

[LPNM] Does “Everybody” Truly Support Laws Against “Predatory” Lending? (Letter to the Editor)

Filed under: Economics, Politics, Principles — Tags: , , , , , , , , , , — mikewb1971 @ 3:39 AM (03:39)

Subject: Does “Everybody” Truly Support Laws Against “Predatory” Lending?
Date: Thu, 05 Mar 2015 22:33:50 -0700
From: Mike Blessing
To: Albuquerque Journal

Ms. Nathalie Martin recently wrote in a guest column titled “Remember who votes against cap on loan interest rates” that

“The bottom line is that everybody favors the cap, except the legislators who have lined their pockets with industry funds.”

I for one do not favor the proposed cap, as it pushes those who can’t qualify for loans from businesses that meet with Ms. Martin’s approval to the extra-legal market — the gangs, Mafia remnants and such.

I submit that losing a car title for nonpayment is much less stressful than having your fingers or leg broken. But maybe that’s just me?

Still, I don’t remember being directly polled on this issue in any way, shape or form, so I have to ask — what sort of polling did Ms. Martin undertake?

To which polling firm was this contracted out?

What was the sample size? What was the demographic breakdown of the respondents? What was the poll format — telephone, direct mail, via the web, or face-to-face?

Another loaded line from the article:

“One-thousand percent interest loans hurt New Mexicans, and we unquestionably need to destroy these high-cost lenders before they destroy us.”

One easy way to avoid being “destroyed” by high-interest lenders is to simply not do business with them. I’ve gotten offers through the mail from such outfits in the past, and never been close to being “destroyed” — I simply put the mailings into the shredder.


Who owns you? Who runs your life? Who should — you or someone else?
Freedom is the answer — what’s the question?

“Government is the disease that masquerades as its own cure.”
— Robert LeFevre

“If you wanna live long on your own terms
You gotta be willing to crash and burn”
— Motley Crue, “Primal Scream”


NOTES

  1. Approximate reading level – 9
  2. Reposted –
    1. Personal blogs and micro-blogs – Ello / Facebook / Google Plus / Twitter
    2. LPUSA / LPNM
      1. Libertarian Party of New Mexico – Blog / Facebook group / Facebook page
      2. New Mexico Libertarians Facebook group
    3. The Weekly SeditionFacebook / Google Plus / Twitter / WordPress
    4. Albuquerque Journal article (Copied to Facebook)
  3. Viewing – Predestination

Copyright © 2015 Libertarian Party of New Mexico and Mike Blessing. All rights reserved.
Produced by KCUF Media, a division of Extropy Enterprises.
This blog entry created with Notepad++ and KWrite.

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Monday, 10 February 2014

A “Brewery District” for Albuquerque?

Filed under: Economics, Politics — Tags: , , , , , , — mikewb1971 @ 9:51 PM (21:51)

Recently, State Senator (and Majority Leader) Tim Keller sponsored a Senate “Memorial” (SM81) that a “brewery district” should be created in Albuquerque.

The Legislature’s page for SM81

Here’s the actual text of SM81.

Here’s the KOB puff piece on this – Lawmakers call for brewery district in Albuquerque

How is a “memorial” (basically a non-binding resolution) going to do anything besides give Keller & Co. some press coverage about how they’re “pro-business” ?

What are Keller & Co. going to do to reduce the regulatory burden upon new and existing businesses?

What exactly are Keller & Co. proposing to REPEAL in this session?


NOTES

  1. Approximate reading level – 12.7
  2. Reposted –
    1. Personal blogs and micro-blogs – Facebook / Google Plus / Twitter / Yahoo!
    2. Libertarian Party –
      1. LPNM – Blog / Facebook page / Twitter page / Facebook group / Yahoo! group
      2. LPBCNM – Blog / Facebook page / Facebook group
      3. New Mexico Libertarians Facebook group
    3. The Weekly SeditionFacebook / Google Plus / Twitter / WordPress / Yahoo!
  3. Current mood: cranky, pessimistic
  4. Listening – Gambling with the Devil by Helloween

Copyright © 2014 Libertarian Party of New Mexico, Libertarian Party of Bernalillo County, New Mexico and Mike Blessing. All rights reserved.
Produced by KCUF Media, a division of Extropy Enterprises.
This blog entry created with Notepad++.

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