George W. Bush’s Nixonomics

It was a familiar time.

It was a time of a Republican administration waging an unpopular war. It was a war some Democrats said they opposed but seemed to do very little to stop. Inflation was starting to become a problem.

America’s allies thought our president’s economic and political polices were flawed and they were often ridiculed. Anti-Americanism was popular. The Republican president infrequently disagreed with Democrats about the welfare state.

Stories from today’s newspapers? Not exactly.

No Pictures Please

Let us be honest. I’m only a 93% Libertarian and roughly a 90% patriot. That’s why I curse our Alabama Legislature’s proposal to mount cameras at traffic intersections, but view with calm equanimity the wiretapping of suspects or even suspected suspects who’d like to blow up New York City; or poison Chicago’s water supply or otherwise harm me or my countrymen.

Stockpiling Gas

AOL News (AP) reports on a market solution to rising gas prices: buy gas now and store it for later. That’s right; create your own strategic oil reserve!

One lucky prospector is tapping the 99 cents a gallon gas that he has stored in his private reserve. What a deal! What a solution!

The market always creates solutions for economic issues. Saving gas is the perfect hedge investment for those looking to offset rising fuel prices.

George Roche RIP

George Charles Roche, III, president of Hillsdale College from 1971 to 1999, has died at the age of 71. A magnetic speaker and extraordinary fundraiser, he purchased, from Ludwig von Mises’s widow, Mises’s personal library, and established a lecture series in his honor. Dr. Roche was the author of a biography of Frederic Bastiat and several other books; his PhD history dissertation from the University of Colorado took a sympathetic look at the antiwar Old Right.