On page 1 of today’s Wall Street Journal (available on their subscriber site), there is a story about the lack of any congressional action in light of the recent accounting scandal at Freddie which led to the forced resignation of its top management. Fannie and Freddie are quasi-”privatized” corporations that enjoy a substantial government subsidy partly in the form of implied government guarantees for the securities that they issue and partly in th
Some Big Companies Hire Private Ambulances (NYT): “A growing number of big companies in Manhattan are bypassing the 911 system for their medical emergencies, and signing up instead with private ambulance services that hold out the promise — explicitly or not — of better, faster service. The ambulances run by these services do not answer 911 calls, responding instead only to calls from their corporate customers.
Lew Rockwell on the do-not-call racket: “The national do-not-call registry, championed on all sides in Washington, is a case study in the mythology that government can improve our lives in ways that the free market cannot.”
Can the founding really be dated from 1776 or must we look back a century and a half earlier? Most Americans know very little about this country’s colonial heritage. Here’s is the ideal to discover more about it: Rothbard’s Conceived in Liberty, in four volumes.
Economic Beat: A Dismal Day at the Beach by Gene Epstein (Barron’s, July 7, 2003):
The Iraq war, which Bush declared over on May 1, never seems to end.
“The state announced Thursday that it will raise unemployment taxes a record 51 percent to stem losses that threaten the solvency of the unemployment insurance fund.
