Boeing is cutting production of its 747 in half. Demand that had been expected for the 747-8 freighter, in particular, never materialized. Is this just the result of airlines and air freight companies preferring twin-engine jets to the four-engine 747?
Last Week, The New Republic revisited the rarely-mentioned history of Progressive eugenics with a review of a new book:
It so happens I experienced Snowmageddon (or Blizzardissimus, as I prefer) in New York City. We live in Texas, but two of our kids are making their way in the hurly-burly of the Big Apple. They rent an apartment together in a working-class neighborhood, in Brooklyn (Bedford-Stuyvesant, or Bed-Stuy) and commute to Manhattan for work. The neighborhood is historically and (still) predominantly black.
US Defense Secretary Ash Carter is making the rounds with a speech about ISIL being a “cancer” that must be cured with aggressive treatment. “[L]ike all cancers, you can’t cure the disease just by cutting out the tumor. You have to eliminate it wherever it has spread, and stop it from coming back. . . . . [We have] three military objectives: One, destroy the ISIL parent tumor in Iraq and Syria by collapsing its two power centers in Mosul, Iraq and Raqqah, Syria. . . .
It is wrongly accepted by many liberals (i.e., libertarians) that most, if not all, social problems can be “solved by the market.” But clearly, the “market” cannot magically solve our problems. Let it be clear that there is no doubt that the best way to have social progress is to have a free market economy. However, free markets are not solutions to problems, per se, but are rather what gives us the opportunity to find our own solutions to our own problems by finding the most valuable way to serve one another.
Even if you can’t make the Houston Mises Circle in person, this Saturday, don’t miss the free live broadcast at Mises.org/Live.
Will the libertarian message get swept under the rug over the next year, as the candidates unleash an orgy of statist rhetoric? Or are hopeful cracks beginning to show, as the two parties, mainstream media, academia, and PC enforcers increasingly lose credibility with the public?
Norway’s largest bank, DNB, has joined the relentless campaign by governments and big banks the world over to abolish cash, the physical embodiment of a nation’s monetary unit and the last tangible, if tenuous, link to the 19th-century gold standard. Almost all of today’s national currency notes, notably excluding the euro, originated as claims to a definite weight of gold (or silver).
There are a handful of themes out there on recent market action that are either totally wrong or otherwise highly misleading. For instance, regarding the recent calamity in the capital markets, one especially apparent dichotomy has presented itself as offering two choices as to what, exactly, is causing the painful turbulence.
