Black markets occur when the government makes the transaction of a good or service illegal.
But illegality, while necessary, is not sufficient. The good or service must be highly desirable, and it must benefit both parties to keep the government out of the transaction.
Most of the time, black markets surface where the local government is causing shortages. The Soviet Union was notorious for shortages, and the emergence of black markets to fill the gaps.
In this show I talk about shortages and other mechanisms that are likely to cause black markets to surface on a wider scale here in America, how you can get ready for when they do, and how you can profit from them.
It’s actually a good question: How much should health care cost in America? At the rate we’re going, we’ll never know.
Few Americans actually know what health care costs them, because they don’t pay for health care in the same way that they pay for food or other things they need.
Health care in America has been heavily distorted for years by government intervention.
Another problem is the way health insurance is used. Insurance is a risk management tool to guard against rare but expensive events. But health insurance policies generally cover routine care and medicine. That’s like using car insurance to pay for oil changes and gasoline.
The end result is that the healthcare "marketplace" is not a marketplace. Health care does not operate at all like a free market, so supply and demand, and their relationship to price, don't follow normal economic rules.
Health care should cost a lot less than it does in America. With a free marketplace, it would.
Part 2 of a two-part show speculating on the next American revolution.
Who would fight on the side of "the crown", the central government? Who would fight on the side of the resistance, the Patriots? What events would produce the numbers of Patriots willing to resist the central government to the point that a revolution would even get started?
Would secession of one or more states be the means by which a revolution would start? If so, how would that unfold? Alternatively, how would a revolution start without a secession?
What role would the military play? How would each side use propaganda, intelligence, and espionage? Would a modern revolution in America resemble the Civil War, using the weapons and techniques of today? What new weapon emerging today could prove decisive? Would nuclear weapons be used?
In my discussion of the prospects for another revolution, I cite the writings of Tom Baugh, specifically this series of essays, which I find to be insightful, indispensable, and quite possibly definitive when it comes to the topic of another American revolution.
What are the odds of another revolution in America?
Thomas Jefferson asked long ago: "What country ever existed a century and a half without a rebellion?"
He followed that question with another: "What country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance?"
Although Jefferson believed that "a little rebellion now and then is a good thing, and as necessary in the political world as storms in the physical", we certainly haven't had any lately. It's been a century and a half since the Civil War, the last internal conflict in America that could qualify as a revolution.
In this show, I discuss the potential for another American Revolution. What would it take for revolutionary thoughts to become action? Who would participate? Who would oppose the revolutionaries? Today, millions of Americans hold the federal government in contempt, yet they tolerate it, for fear of the consequences. What forces or events would tip enough of them from passive contempt to active resistance and allow a revolution to begin? And what would happen once a revolution got underway?
Too big a subject for one show--one hour is only enough to get us started. Be sure to come back for Part 2.
We took delivery of a small flock of chicks in February 2013 and have been living with them ever since here on Liberty Ridge.
Now's as good a time as ever to talk about our experiences with them, almost all of them positive.
Chickens are easy.
Chickens are noisy.
Chickens aren't smelly (they don't have to be).
Chickens can fly.
Chickens have sex (and it isn't consensual).
Chickens attract predators.
Chickens are productive--at least ours have been.
Fresh eggs from home-raised chickens are delicious.
(By the way, I forgot to mention on the podcast, but you don't need a rooster in order to get eggs. To get baby chicks, yes, but not eggs. We have a rooster because of what he adds to the flock--he watches over them, and provides the possibility of new chicks, if we end up wanting or needing those.)
Net-net: Chickens are great! If you can, you should give them a try!
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