“Defund the Police” is the latest rallying cry for protestors in many cities across the nation. Many activists, enraged by the brutal killing of George Floyd by Minneapolis police, are calling for completely disbanding the police, while others are seeking reductions in police budgets and more government spending elsewhere. However, few activists appear to be calling for a fundamental decrease in the political power that is the root cause of police abuses.

[From The Life of Colonel David Crockett, compiled by Edward S. Ellis (Philadelphia: Porter & Coates, 1884). Included in Free Market Economics: A Basic Reader, compiled by Bettina B. Greaves (Irvington-on-Hudson, NY: Foundation for Economic Education, 1975).]

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In the middle of his earnest if muddled article “Taking Back America from the Libertarians,” Patrick Deneen veers suddenly off course to perpetrate a vicious and gratuitous calumny against Ludwig von Mises, F.A.

[From Man, Economy, and State.]

The stock market rejoiced on Monday with stories such as this CNBC “breaking news” headline:

The Fed says it is going to start buying individual corporate bonds.

But here’s the interesting thing: this isn’t actually “news.”