Jobless claims are up, due to “anomalies” and “unusual events,” claims Bloomberg. Sadly, the real causes are not unusual and not anomalies: the gigantic drag on economic life represent by a billion petty regulations, taxes, trade restrictions, gyrating currency values, and a broke banking system.
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Casey B. Mulligan believes what the economy needs right now is a little inflation.
[Originally published in The Review of Austrian Economics 9 (2), 1996.]
The very term “public utility” … is an absurd one. Every good is useful “to the public,” and almost every good … may be considered “necessary.” Any designation of a few industries as “public utilities” is completely arbitrary and unjustified.
— Murray Rothbard, Power and Market
The government has a huge collection of assets that could be sold to the private sector. Going, going, gone!
New purchases are down for the first time in 20 years. source: NYT
Mises wrote, “No foreign aggressor can destroy capitalist civilization if it does not destroy itself.”
This implies that the sole way a foreign aggressor can contribute toward capitalist civilization’s destruction is to goad it into destroying itself.
That was what Osama Bin Laden was trying to do all along. And the war party (along with its enablers at the Fed) has been playing right into his hands. Even now that Bin Laden is dead, they have given every indication that they will continue to do so.
A CNN story reports that a low-salt diet can increase the risk of a fatal heart attack. The study they reference was in the May 4 issue of the mainstream Journal of the American Medical Association.
[Back to the Land: Arthurdale, FDR’s New Deal, and the Costs of Economic Planning • By C.J Maloney • John Wiley and Sons, 2011 • 312 pages]
