Calls for civility in politics are nothing new, and the incident involving White House spokesman Sarah Sanders at a restaurant has yielded plenty of smoke but little heat from both phony sides of this non-debate/non-issue.

Growth in the supply of US dollars fell again in September, this time to a 116-month low of 3.4 percent. The last time the money supply grew at a smaller rate was during January 2008 — also at a rate of 3.4 percent. 

Money supply growth fell to a three-month low in May this year, continuing a general downward slide in growth rates that’s been in place since late 2016.

In May, year-over-year growth in the money supply fell to a 3-month low, growing 4.2 percent. That was down from April 2018’s rate of 4.3 percent, but remains up from November 2017’s low of 2.6 percent:

[Originally published in The Freeman, May 1, 1959.]

Coercion marks the beginning and corruption the conclusion of the march of union power observ­able in the McClellan Record. The process begins with the use of compulsion to secure members. Thereafter new and different coer­cive devices are used to bind the unwilling employees to the union. After a union has learned the use­fulness of coercion in increasing membership, it falls into the habit of using even more in disputes with employers.

Every Trump voter is effectively “standing at the border, like Nazis, going ‘you here, you here,’” MSNBC guest Danny Deutsch declared on Friday. Former CIA Director Michael Hayden also compared the Trump administration’s immigration crackdown with Nazi concentration camps.

In a 5-4 decision released this morning, the Supreme Court ruled that public sector unions do not have the right to impose fees on non-union members. This ruling overturns a previous decision in Abood v. Detroit Board of Education, and is seen as a “decisive blow” to public unions.

Gary Galles offered background on the case in a June Mises Wire article:

In the controversy surrounding Trump’s immigration policy—particularly the practice of separating the children of immigrants from their parents—one claim is made repeatedly by his supporters: immigrants have no right to complain about the treatment they or their children receive, because they’ve broken the law. Surprisingly, this assertion is made even by self-described libertarians.

For the first time after the financial crisis the Spanish Government in 2017 has made it (barely) to the 3% of GDP limit on public deficits as established by the Stability and Growth Pact. The new socialist government believes that it is time to change course now. According to its view after long years of austerity, it is now time to think about increasing government spending.