Capitalism

Wichita officials, newspaper, just don’t get it on Ex-Im Bank

Wichita's establishment prefers cronyism over capitalism. It's not surprising that companies that benefit from Export-Import Bank loans support its renewal. We can understand groups like the Wichita Metro Chamber of Commerce campaigning for the bank, as the Chamber is a special interest group that advocates for its members to the detriment of capitalism. But we ought to expect more from the editorial board of the Wichita Eagle and Wichita city government officials. But the shiny object before them keeps them from seeing the harm of government programs like the Ex-Im Bank. Ex-Im Bank by the Numbers In 2013, 93% of…
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Wichita Chamber calls for more cronyism

Wichita Chamber calls for more cronyism

By advocating for revival of the Export-Import Bank of the United States, the Wichita Metro Chamber of Commerce continues its advocacy for more business welfare, more taxes, more wasteful government spending, and more cronyism. That may be surprising to read. Most people probably think that local chambers of commerce -- since their membership is mostly business firms -- support pro-growth policies that embrace limited government and free markets. But that’s usually not the case. It’s certainly is not the case in Wichita, where the Chamber supports higher taxes,[1. Weeks, B. (2015). Wichita Chamber speaks on county spending and taxes. Voice…
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Export-Import Bank threatens a revival

Last week members of the United States House of Representatives successfully executed a maneuver that will force a vote on the reauthorization of the Export-Import Bank of the United States. The method used, a discharge petition, was signed by well over a majority of House members, including perhaps 42 Republicans. If the petition signers vote the same way, the bill to reauthorize the Ex-Im Bank will pass the House. It will then move to the Senate for consideration. No members of the House of Representatives from Kansas signed the discharge petition. In July a vote on an amendment in favor…
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WichitaLiberty.TV: Jeffrey Tucker and ‘Bit by Bit: How P2P Is Freeing the World’

WichitaLiberty.TV: Jeffrey Tucker and ‘Bit by Bit: How P2P Is Freeing the World’

In this episode of WichitaLiberty.TV: Jeffrey Tucker talks about his most recent book “Bit by Bit: How P2P Is Freeing the World” and how Bitcoin and other distributed technologies are affecting the world. View below, or click here to watch in high definition at YouTube. Episode 97, broadcast October 4, 2015. Tucker's website is www.jeffreytucker.me. The book's page at Amazon is Bit by Bit: How P2P Is Freeing the World. Liberty.me is here.
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Does Kansas have its own Solyndra?

Does Kansas have its own version of Solyndra, the politically-connected firm that failed and cost taxpayers some $535 million? We don't know. But the Abengoa cellulosic ethanol plant near Hugoton received a $132.4 million loan guarantee under the same program that benefited Solyndra. In January I requested documents regarding the Abengoa loan guarantee and risk assessment from the United States Department of Energy. I had several conversations and emails with a records clerk. We came to agreement as to what I would receive, or at least what I am requesting to receive. But I’ve received nothing so far. I don’t…
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Wichita’s WaterWalk apartment deal

From August 2012, an episode of cronyism in Wichita. On Tuesday the Wichita City Council will consider the type of taxpayer-funded giveaway that voters have shown they don't like. How council members vote may set the stage for city elections next March and April. Tuesday's item involves a proposed apartment development on the west bank of the Arkansas River across from the downtown WaterWalk development. The apartment developer is WaterWalk LLC, whose manager is Jack P. DeBoer. The highlights of the deal include: 1. The lease of 4.4 acres of city-owned land for $1 per year, for the next 93…
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Intellectuals vs. the rest of us

Intellectuals vs. the rest of us

Why are so many opposed to private property and free exchange -- capitalism, in other words -- in favor of large-scale government interventionism? Lack of knowledge, or ignorance, is one answer, but there is another. From August 2013. At a recent educational meeting I attended, someone asked the question: Why doesn't everyone believe what we (most of the people attending) believe: that private property and free exchange -- capitalism, in other words -- are superior to government intervention and control over the economy? It's question that I've asked at conferences I've attended. The most hopeful answer is ignorance. While that…
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Wichita Chamber speaks on county spending and taxes

Wichita Chamber speaks on county spending and taxes

The Wichita Metro Chamber of Commerce urges spending over fiscally sound policies and tax restraint in Sedgwick County. Today the Wichita Metro Chamber of Commerce issued a "key vote" alert. This procedure, used by political groups of all persuasions, alerts elected officials that the Chamber prefers a certain outcome on an issue. Those who vote in harmony with the Chamber are likely to receive support in their next election, while the noncompliant are implicitly threatened with opponents the Chamber will support. Here's what the Chamber sent to commissioners: From: Barby Jobe Sent: Tuesday, August 11, 2015 2:47 PM TO: SEDGWICK…
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