This excerpt from an article on Americans abandoning U.S. automakers provides an idea of just how ignorant one would have to be to believe that “buying American” makes any sense:

Larry White reviews and takes issue with de Soto’s book.

A once in a lifetime chance for anarchy!

This fascinating and inspiring story from the BCC shows how Vietnam has been transformed through trade and capitalist practice. “Vietnam now attracts more overseas investment than India does; it is second only to China in the Asian economic growth league, and 50% of the Vietnam population is aged 35 or under. The trite way of putting it is that when they stopped making war here, they made love.”

While watching the classic comedy Animal Crackers, I laughed as Groucho Marx — playing the character Captain Spaulding — engaged a gentleman named Chandler in a very funny Marxian discussion of inflation and fiat money:

The New York Times must have a guilty conscience about the continuous distortions of the news that appear in its pages. Evidence of this guilt is provided everyday in The Times’ claim that its “news and editorial departments do not coordinate coverage and maintain a strict separation in staff and management.”

China again raises reserve requirements of banks . This was the fourth time in just seven months that they did this. If they keep this up, fractional reserve banking might be ended in China soon!

No, not really perhaps, but it is clear that Chinese leaders are increasingly anxious to rein in credit expansion, especially since they’ve also imposed curbs on investments in specific industries, most recently auto manufacturing.

Central bankers such as those of the European Union and China have accepted the blame for the recent ballooning of their own real estate markets and have taken measures to slow it down. But the American Fed is loathe to do so “without further examination of the data.”

Well, this is interesting. The IRS here says that: “If you steal property, you must report its fair market value in your income in the year you steal it unless in the same year, you return it to its rightful owner.” (See page 90 under “”Stolen Property.”

I wonder what implications this has for the tax returns of, for example, Members of Congress.

(Thanks Digg)

David Beito at the Liberty & Power Blog recommends the film The Pursuit of Happyness with Will Smith which is currently in the theatres. He writes: