- Where to Cut? Anywhere, Everywhere (Lew Rockwell, LRC): “There is no way to know what cuts are economically rational and what cuts are not. There is no real test to gauge this question. It all comes down to political whim, which is to say that all budget cuts in government are economically arbitrary. This is in contrast to private enterprise, where there are always indicators to show the way to rational budget cuts and a means to gauge whether the right decisions have been made.”
California’s Little Revolution (Chris Westley, LRC): “The recall was more than a revolt against politics as usual, as members of the establishment keep repeating. This was a revolt against government, even in California where it had even grown too large for its median voter, who is arguably the most left-leaning state median voter west of Vermont.”- Jittery Dollar Drops Again (BBC)
- Are Factory Inventories Ready to Rumble? (Paul Kasriel, Northern Trust)
- Grocery Union Trouble in California (CSM)
- Blaming Wal-Mart, but Consumers Made it King (Slate)
Posted by Mises.org News
