Real Bills and Real Anger
Anton Fekete, the leading advocate of the real-bills doctrine, responds to Robert Blumen’s close examination of their idiosyncracies. (Thanks Sean Corrigan)
Anton Fekete, the leading advocate of the real-bills doctrine, responds to Robert Blumen’s close examination of their idiosyncracies. (Thanks Sean Corrigan)
When I once went to visit a public sector electricity-generation plant in New Delhi, one of their top officers told me this: I dump the ash (the residue from burning coal) in the river, I do not pay the railways for delivery of the coal, I do not pay the coal company, and I will keep running it this way.
Lew has a great article today, Regime Libertarians. The timing is appropriate because it helps crystallize some of my own thoughts on this—right at a time when I was discussing with another libertarian his critique of “contrarian” libertarians; I was pointing out that contrarians are not the problem; the problem is mainstream libertarians who go along with the state. Lew’s column makes a nice distinction in pointing out:
I’ve recently posted some links on federalism, Kelo, and related matters. One of them is the 1799 Kentucky Resolution (2), written by Thomas Jefferson. The meat of the final resolution adopted in 1799 is fairly short, and beautifully eloquent. Take a look at it—it’s not too hard to follow, even with the antiquated, flourishing English.
MSNBC is reporting that the icepick purportedly used to kill Leon Trotsky may be offered for sale by its present owner, Ana Alicia Salas of Mexico City. Salas’ possession of the ice pick came about due to her father’s position as a secret police commander in the 1940s.
Looking around the web for information on the proposed trade treaty with Latin America (DR-CAFTA), I bumped in this Heritage Foundation “defense” of the treaty: