Why do we still have wildfires raging in Spain? With all the regulations, restrictions, and resources poured into fire prevention and fire fighting, surely wildfires would have disappeared or at least they would have been controlled to the point of not causing damage. Is the climate changing so rapidly that the government cannot keep up? Are the resources used by authorities insufficient, or the restrictions too lax?
From CBS News: U.S. military lays groundwork for potential action around Cuba.
[Many Roads: Vietnam, China, and Other Military Disasters: Past, Present and Future by Fred Reed (Shotwell Publishing, 2026; 252 pp.)]
Those of you who are longtime readers of Lew Rockwell.com, and I hope that there are many of you, will recall one of its most insightful and funniest writers, Fred Reed. He wrote on all sorts of subjects, and I especially recall his posts about Darwinism.
Although often unintentional, one of the most fundamental errors that pervades mainstream economics instruction is to present economic categories independent of human action. This error is fundamental because, once committed, it pervades all aspects of the study of economics, making them unrealistic. For failure to treat economics appropriately as a social science, including human actions, interactions, subjective valuations, and choices, all kinds of economic categories lose their significance and become disconnected from the real world.
The increase comes about a week after Federal Reserve policymakers voted to raise their benchmark for short-term interest rates to address the nation’s stubborn inflation problem.
