Politicians often try to empathize with struggling Americans by promising to cut government spending, “just like regular households in tough times.” This simile evokes different reactions depending on one’s economic views. Keynesians think it’s reckless, proponents of Modern Monetary Theory (MMT) think it’s absurd, and Rothbardians think it’s correct as far as it goes, but it falsely equates tax revenues to an honest living.

If such a second American Revolution should ever come to pass, Thomas Woods could even match his namesake Thomas Paine.

p>The picture below (from this Flickr feed) illustrates the large number of lawsuits between players in the telecom sector–most seem to be patent infringement suits or suits based on antitrust law, i.e., totally without merit and a complete waste of resources. Without patent and antitrust law, we would have a less wasteful, less litigious, more competitive market. This ain’t the result of capitalism, but of unlibertarian state law. (H/t Jock Coats)

People must not be allowed to get prescription medications without doctor approval — or else an entire fake industry could collapse. So the pharms, the docs, and all those who benefit from the current system banded together and instituted a medieval guild system for the digital age.