The crisis in Venezuela just continues to get worse. Riots have been going on for 2 months now and protestors have taken down a statue of Hugo Chavez. The crisis continues to get worse as the government continues to take more and more control. Seizing private property, having majoring ownership in 511 companies and things just get worse for the Venezuelan people. When will people put 2 and 2 together? I won’t hold my breath.

April 29th marked President Trump’s 100th day in office. The importance of the first 100 days is stressed day in and day out in the media but what’s to make of Trump’s presidency thus far? Some libertarians were enthusiastic supports of President Trump. They thought Trump’s foreign policy would be very much isolationist. What we have learned of Trump’s first 100 days in office is that he’s an interventionist domestically as well as internationally. This isn’t good news for lovers of liberty!

American Airlines now has its own incident and I don’t see the news headlines for this one like we saw with United. An employee of American Airlines hits a woman with a stroller while me pulls it out of her hands and the stroller almost hits the woman’s baby as well. After this incident the employee comes back on the plane and asks a passenger if he wants to fight and go at it. Also, the former king of cable news, Bill O’Reilly is fired from Fox News! In political news, Trump said in a Wall Street Journal interview on April 12th that he thinks the dollar is too strong!  This is why the focus of my show is on economics because the world is full of economic illiterates!  https://www.theguardian.com/world/video/2017/apr/22/american-airlines-employee-clashes-with-passenger-video

United Airlines was the topic of media discussion all last week with the bloody Dr. David Dao. There’re some simple solutions that could have prevented this horrible incident from ever occurring! Obviously compensation greater than $800 should have occurred to entice passengers to voluntarily give up their seats. Also, last minute changes to flight crews should be avoided when everyone had already boarded the plane. People are less likely to give up their seat when they’re already sitting it in. The media really has blown this United story to hell and back and most people need to take a step back and look at everything in it’s entirety. Some people like Senator Chris Van Hollan think a government law is the answer! Are you kidding me!?

Danielle DiMartino Booth has a new book out on the fed from an insiders perspective. She says many things that Austrians can agree with and other things where she doesn’t go far enough!  She says we shouldn’t get rid of the fed but rather just need more competent people in charge. John Tamny offers critiques on her book but John misses the point in many respects. John Tamny thinks we mainly don’t need a fed because it’s largely irrelevant as it is. The way Mr. Tamny sees how the banking system works would still depend on a federal reserve so I can’t agree with his analysis either.  There’re many opinions on the fed and it seems Ron Paul and Murray Rothbard are the most correct on this issue.

Elon Musk successfully launched and landed the recycled rocket, Falcon 9. This is such a perfect example of how the private sector does things better and far cheaper than anything the government can do. The private sector can launch a rocket at a price tag of $200,000 compared to NASA’s cost of $450 million!  Isn’t that insane!? The more money that goes to government than that’s more money that is just being pissed away to the inefficient and wasteful government! Government invests for a political return, not an economic one!

Paul Ryan pulled the vote expected vote for the republican healthcare bill. The republican party is at war with itself. We see the establishment types blaming conservatives for not falling in line. The republican healthcare bill was a disaster and this goes to show that all the republican votes to repeal Obamacare, while Obama was in office was a bluff!  The republicans never did want to fully repeal Obamacare!  Big government only continues to grow under the supposedly “small government” republicans.

The Federal Reserve raised interest rates for the 3rd time in 10 years at its March meeting. Most of the “experts” out there didn’t expect this rate hike until the week before!  Janet Yellen is more aggressive to raise interest rates simply because Trump is now the fall guy. Trump from his tweets has taken ownership of this economy from the political perspective. Meanwhile in Venezuela, things are getting worse…People are standing in bread lines and the government has decided to make standing in breadlines illegal! And they’re arresting bakers for overpriced bread! Yes, the insanity continues!

People are upset with what I had to say in regards to Indian reservations and capitalism. People today like to see themselves as victims. Once you see yourself as a victim you have already lost!  You have the power to change your thinking at any time and how you choose to let things effect you. Most people don’t get this and they settle for mediocrity in life. The latest jobs numbers released were the first to come out of the Trump presidency and they’re better than Obama’s last year in office. So there’s some optimism out there with a jobs number of 235,000 for February but we’re not out of the woods yet. We are nearing the point at which the bubble is popped and all the malinvestments come to the surface.

Trump addressed Congress for the first time and his speech had a very nationalistic and police state sort of vibe to it. The republicans that were against a big government when Obama was in office, now seem to be falling behind their leader supporting a $1 Trillion infrastructure program! President Trump also suggested five things that he wants to see done with healthcare and it really sounds like Obamacare lite! The only way to reduce the severity of our future economic crisis is to shrink the size of government and there’s no willingness to do this from either side of isle!