The self-styled investigative journalism outlet ProPublica recently published private IRS tax information—presumably embarrassing private tax information—for a host of ultrawealthy and famous Americans. I say “self-styled” because the organization claims a pretty lofty and self-important mission to use the “moral force” of journalism on behalf of the public interest against abuses of power.
When the American colonies declared their independence from Britain in 1776, the fundamental principle underlying the new government they created was the principle of liberty. To the Founders, liberty meant freedom from government oppression, because at that time, government was the primary threat to the liberty of individuals.
One of the Federal Reserve’s “temporary emergency lending facilities” is being wound down! As announced on Wednesday, all assets purchased under the Secondary Market Corporate Credit Facility (SMCCF) are expected to be sold. The nearly $14 billion facility holds approximately $8.5 billion corporate bonds, plus various bond Exchange Traded Funds (ETFs) valued at approximately $5.2 billion.
Right now there’s a big debate happening in economic circles about, is the economy overheating with all of this fiscal stimulus, are these higher inflation readings here to stay or not.
Followed by:
I don’t think they are here to stay because I believe we are going to bring women back into the labor force and workers who have been displaced, but if we fail to do that, then these high inflation readings would become a lot more concerning because then it would signal we are overheating the economy.
Last June, Arkansas resident Nicole Harper was driving near Jacksonville, Arkansas when Arkansas State Police trooper Rodney Dunn pulled in behind her and signaled to her to pull over.
Nicole Harper then did exactly what the Arkansas Driver License Study Guide tells drivers to do: she slowed down, put on her hazard lights, and looked for a safe place to pull over. Since the highway shoulder was very narrow at that location, Harper began to drive toward a exit ramp.
[This passage is excerpted from Murray N. Rothbard’s Conceived in Liberty, vol. 5, The New Republic: 1784–1791.]
[A selection from ”The Objectives of Economic Education” in Economic Freedom and Interventionism.]
