The Freedom to Buy and Sell Raw Milk
The folks who wish to banish raw milk can’t leave the issue alone.
The Fed’s Long Shot
If pushing down the short-term interest rate doesn’t seem to be fixing the economy, let’s push down long-term rates and see what happens. Shucks, we might as well try! It would be a shame to not use this shiny printing press.
Two Masterpieces by Mises
Henry Hazlitt brought the English-speaking world’s attention to these remarkable works.
McElroy on the America Invents Act
Wendy McElroy has a good, concise takedown of Obama’s recent patent reform law, The America Invents act, in today’s Freeman Online:
Patently Improper
by Wendy McElroyWhether you agree with the original purpose of patents in America or believe (as I do) that all patents are improper, the America Invents Act is repellant.
Prohibition Never Went Away
The New York Times reports that many small restaurants and fast-food chains, desperate to hang on to profitability to some extent while the government conspires to kill it, are trying to introduce wine and beer on their menus as a way of drawing customers in.
Lucas Is (Mostly) Clueless
Robert Lucas misses two important reasons why government/Keynesian stimulus schemes fail miserably.
Twist? Again?
Bernanke’s policy gun is out of bullets. His policies have brought low growth, high unemployment, and a 7.2 percent increase in producer prices over the last 12 months. Attempts at stabilization have instead wrought chaos.
The Firm and the Division of Labor
We have to make a fundamental choice: we can either engage in the social division of labor and contribute to our own and society’s overall prosperity, or turn our backs on civilization and live the nasty, brutish, and short life that awaits.
Divided, We Stand
One of the most destructive ideas in American history may be collapsing under its own unsupportable weight. Andrew Jackson stated the idea succinctly: “The people are the government …” In the Gettysburg Address, Abraham Lincoln expanded, “government of the people, by the people, for the people.”
Wrong Medicine for a Sick Economy
The top 1 percent of US income earners pay 38 percent of all federal income taxes, and the top 10 percent pay 70 percent.
