“Radio tags the size of a grain of sand could be embedded in the euro note if a reported deal between the European Central Bank (ECB) and Japanese electronics maker Hitachi is signed,” says Winston Chai in CNET News.com.
LRC today links to the Rockford college graduation speech by Chris Hedges, today’s leading authority on the collectivism of war mania and its social, cultural, and political effects.
Milton Friedman has long accused Austrian economists, and Mises in particular, of “intolerance.” Indeed, this seems to be his main problem with the Austrian school. (At the 1992 meeting of the Mont Pelerin society, during a tribute to Hayek, Friedman even managed to get in a few pot-shots on Mises’s alleged intolerance.) Here’s how he put it in a 1991 interview in Liberty magazine:
The Motley Fool offers commentary on the WSJ’s story that Greenspan will soon appear on television spots to promote www.FederalReserveEducation.org. “we applaud the Fed’s effort and hope the content will become more relevant over time.
Former Reagan official Donald Devine is unhappy with big-government conservatives, writes Ralph Hallow in the Washington Times.
See the press release from the Manufacturers alliance/MAPI Analysis: “Manufacturing Continues to Struggle”: “First-quarter 2003 figures show that 14 of the 28 industries tracked in the report had inflation-adjusted new orders or production above the level of one year ago, down from 17 industries in fourth-quarter 2002.
Allies to Begin Seizing Weapons From Most Iraqis: “Iraqis will be allowed to keep small arms at home for protection... Iraqis will not be allowed to take their weapons outside their home without a special license. Those who do obtain such licenses — security guards, for example — will not be allowed to carry concealed weapons.... Some 7,000 police officials have indicated that they want to come back to work in Baghdad. But allied officials say they need to be retrained...
Federal Deficit Surpasses $200 Billion for First Seven Months (AP): “The government ran up a deficit of $201.6 billion in the first seven months of the 2003 budget year, more than three times the total for the corresponding period a year earlier... Federal spending for the seven months totaled $1.26 trillion, a 6.5 percent increase from the corresponding period in fiscal 2002.
“William Hanna of Hanna-Barbera fame brought the world the Jetsons, the cartoon family that whizzed through rush hour on a skyway and kept robot friends. Mr. Hanna’s son David plans today to introduce a more attainable vision of the future” [in Burt Blumert’s hometown]. (New York Times)
And see Jeff Tucker on the Jetsons (LRC).
