News Story of the Day: things have gotten so bad in Venezuela that the people have now resorted to eating zoo animals.
You may remember a few months ago we reported that Venezuelans had started to hunt and eat cats, dogs and pigeons. Well, with food shortages even more rampant and the socialist government going deeper in the hole, the people have started to break into the Caracas zoo in order to eat the animals there.
One of the reports suggest that Venezuelans broke into the zoo, stole the black stallion horse, brought it to a secluded area and butchered it. They left the head and ribs behind. Zoo employees say that people are also breaking in to steal pigs and sheep, too. But the zoo is experiencing massive deaths because of widespread food shortages.
Simply put: both man and animal are dying because there is no food or the bare necessities.
Chart of the Day: what’s your net worth? If you don’t know what it is then you calculate the total number of assets you own and subtract the number of liabilities. That is what your net worth is. Now, what about the rest of the United States? Well, according to the New York Federal Reserve, 14 percent of Americans have a negative net worth.
Illustration of the Day: fewer American teenagers are getting jobs this summer. Rather than working in June, July and August, teenagers in the United States today are just sitting at home playing video games, walking around playing video games and sitting around playing video games. Here is an illustration from MarketWatch that shows how the number of American teens getting jobs in the summer has been dipping since the 1970s:
Quote of the Day: it was legendary free market economist Milton Friedman’s birthday last week. Friedman was great on about 90 percent of the issues and he did a lot to promote the virtues of capitalism and free markets. Here are a few quotes from the man himself:
“There is nothing as permanent as a temporary government program.”
“President Kennedy said, “Ask not what your country can do for you — ask what you can do for your country.”… Neither half of that statement expresses a relation between the citizen and his government that is worthy of the ideals of free men in a free society. “What your country can do for you” implies that the government is the patron, the citizen the ward. “What you can do for your country” assumes that the government is the master, the citizen the servant.”
“If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand.”
“Nobody spends somebody else’s money as carefully as he spends his own. Nobody uses somebody else’s resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.”
“The government has no more right to tell me what goes into my mouth [including illegal drugs] than it has to tell me what comes out of my mouth.”
Video of the Day: one of the things that’s really funny about Donald Trump is the way he speaks. He talks like a real New York, and even perhaps an Italian mob boss. The Washington Free Beacon put together a compilation comparing the way Trump speaks to some of the famous movie mob heads.
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