As Bob Higgs has tirelessly reminded us, regime uncertainty -- doubt about the security of person and property -- retards investment and delays recovery from economic downturns. FDR’s constantly changing economic policies help explain why it took the US so long to recover from the Great Depression, and the inconsistent bailout, subsidy, and regulatory regimes of the Bush and Obama Administrations continue to harm the economy today.
Judge Napolitano discusses one way the federal government destroys prosperity.
The Daily Mail reports that Saudi Arabia has severed diplomatic ties with the United States over the US’s refusal to bomb Syria. The Saudis continue to be one of the primary sources of pressure on the US government to attack Syria. This is not the first time the Saudis have pressured the US to attack one of the Saudi regime’s enemies.
In a book review from today’s Mises Daily, Matt McCaffrey writes:
KHOU reports that a Houston subdivision has hired private security to replace government police. The result? Half the crime for half the cost.
KHOU reports that a Houston subdivision has hired private security to replace government police. The result? Half the crime for half the cost.
And while it’s not reported, incidents where the police shoot unarmed neighborhood residents this have also likely been cut to zero.
