China to pioneer ‘pebble bed’ N-reactor:

In his newly-released federal budget President George W. Bush promises to reduce farm subsidies. Predictably, writes Tom DiLorenzo, on the day the budget was made public there were well-choreographed “protests” by all the usual suspects.

Thanks to the “tax-and-spend” Bush Administration, the IRS has imposed greater limitations on charitable deductions for autos, boats or planes to support nonprofits, effective January 1, 2005.

Nice plug for the Austrians by the editor of the National Business Review (New Zealand).

Here Richard Posner argues against a free market and for mandatory savings and hence for Bush’s privatization program: “[I]t is plausible to model the individual as a succession of selves with different preferences. A young person may dislike the idea of growing old and may be inclined therefore to refuse to make provision for his old self. The old self—the self that will not emerge and ‘take over’ the individual for many years—has no control over the decisions of the young self.

Regarding the student who felt “insulted” by Hoppe’s lecture, it is most unfortunate that this nonsense has been allowed to go on. The student should be told to grow up. The UNLV should allow professor’s to expose students to new, provocative, and even controversial ideas. Hoppe was simply stating an accurate generalization: a person who does not have children will not save as much as they otherwise would. This can be applied to homosexuals, in so far as they don’t have children.

Russia, like the US, has a tax law. It is their current substitute for the knout of Czarist days, writes Ted Roberts.