The US Court of Appeals for the Ninth Circuit today ruled against a Hawaii state law banning the possession, manufacture, and sale in the state. Bloomberg Law reports the appeals court: 

instructed the lower court to continue proceedings in compliance with its determination that butterfly knifes are protected by the Second Amendment.

For college football fans, it’s already been a wild August week before the first kickoff.

It’s the deposits. Bankers never used to worry about the money customers left in their banks. When deposited, the money was lent out while depositors could come and get their money anytime if it was a demand deposit. Thus, the depositor and the borrower had the use of the same money at the same time. Murray Rothbard called it fraud.

Many economists believe that technical knowledge is the key to economic growth. If this is the case, why do third world economies continue to experience poverty, since these economies can access the same technical knowledge as the developed world? Therefore, technical knowledge being the key to economic growth is not the case as economic growth depends upon the pool of consumer goods.

Christian conservatives, for the most part, are relatively receptive to free markets, or at least a generalized concept of what used to be called free enterprise. (This is as opposed to a lot of evangelical economists teaching at Christian colleges that embrace socialism in one form or another as THE Christian version of economics.)

As Bob Murphy and I discussed on the Human Action Podcast, economists and financial news media are already declaring macroeconomic victory by claiming that the Federal Reserve has achieved a “soft landing,” meaning that they have raised interest rates just enough to quell price inflation without causing a crisis or recession. Even Fed Chair Jerome Powell has backed off from his previous recession forecast.