In the “Constitution of Liberty” Friedrich Hayek highlights the malleability of the word “liberty,” explaining that “in totalitarian states liberty has been suppressed in the name of liberty.” Deployed in that way, the concept of liberty could mean anything, including its very opposite: coercion. Hayek writes:
Why is the price of gold rising if the global economy is not in recession and inflation is allegedly under control? This is a question often heard in investment circles, and I will try to answer it.
We must begin by clarifying the question. It is true that inflation is slowly decreasing, but we cannot say that it is under control. Let us remember that the latest CPI data in the United States was 3% annualized and that in the eurozone it is 2.6%, with eight countries publishing data above 3%, including Spain.
DEI stands for “Diversity, Equity, Inclusion.” This is the view that members of certain “oppressed” groups, like racial minorities and women, should get preferential treatment. In blunt language, we should give jobs to incompetent people. Kamala Harris is a perfect example of a DEI hire. She is an incompetent black woman. Mark Thiessen does a good job of explaining why she is incompetent; “Harris is undeniably vulnerable. She ran a catastrophic campaign for president four years ago, flaming out before even reaching the Iowa caucuses.
According to the most recent report from the federal government’s Bureau of Labor Statistics, the US economy added 114,000 jobs (according to the establishment survey) during July. This was a lackluster number that came in below expectations, and it wasn’t enough to prevent a surge in the unemployment rate up to 4.3 percent. Moreover, the “underemployment” rate, the “U-6” unemployment rate, jumped substantially from 7.4 percent to 7.8 percent.
