Thursday, November 26

Day: September 28, 2020

Dude, Where’s My Inflation?
Mises Insitute

Dude, Where’s My Inflation?

by Kristoffer Mousten Hansen From time to time, Austrian economists, goldbugs, and other economists on the saner end of the spectrum warn of the inflationary dangers of modern central bank policies. The most famous case of this was Bob Murphy’s bet with David Henderson that the Federal Reserve’s policies after the financial crisis of 2008 would result in high, i.e., double digit inflation. Unfortunately for Murphy, he lost this bet, and, more generally, the much-dreaded (or in the case of central banks, much-hoped-for) inflation has so far failed to materialize. This is true both when one looks at the official inflation measures and even when one consults alternatives such as shadowstats. What explains this apparent failure of Austrian commentators? The Basics In order to underst...
Milton Friedman and the New Attack on Freedom to Choose
The Future of Freedom Foundation

Milton Friedman and the New Attack on Freedom to Choose

by Richard M. Ebeling We are in the midst of an open counterrevolution against liberty and limited government in the United States. This may sound like strong language for dramatic affect. But it is really not an exaggeration in the current climate of political discord and antagonism, admittedly amplified by it being a presidential election year when political parties make hyperbole the norm. An example of this counterrevolution may be seen in a recent attack on the classical liberal, free market economist, the late Milton Friedman, in the pages of The New York Times. Through a good part of the post-World War II era, Milton Friedman (1912-2006) was a leading voice for personal freedom and economic liberty, as well as one of the most internationally prominent economic scholars of his...
Will the Planned Coronavirus Second Wave Take Root With the Election Chaos and Nationwide Riots as Distractions?
Gary D. Barnett

Will the Planned Coronavirus Second Wave Take Root With the Election Chaos and Nationwide Riots as Distractions?

by Gary D. Barnett “Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.” ~ C. S. Lewis, Article – “The Humanitarian Theory of Punishment”. (1949) What in the world lies ahead? We are in the midst of the most incredible attempt by the powerful to take over humanity that has ever happened on earth. These times will determine our fate, as the controllers and enforcers are on a mission to complete the task of total population contr...
What Is a “Libertarian-Conservative”? Part 3
The Future of Freedom Foundation

What Is a “Libertarian-Conservative”? Part 3

by Jacob G. Hornberger In Part 2 of this series, I pointed to an op-ed published by The Hill written by self-labeled “libertarian-conservative” Steven Calabresi. In the op-ed, which is entitled “Proposed Ryan-Bannon Import Tariff a Smart Tool to Lower Income Tax,” Calabresi wrote: If the federal government were to tax nothing but business, income, and savings, then we would discourage investment, work, and savings. The more sensible route is to have a diversified portfolio of the things we tax. This is how we can afford to increase military spending, build the wall on the Mexican border, and cut business and income taxes, which are all things that we desperately need to do — now! The article and the quote reflect the damage that conservatives have inflicted on...
INSANE California Gov Gavin Newsom Signs Order Banning Sales of Gas-Powered Cars in California by 2035
DC Patriot

INSANE California Gov Gavin Newsom Signs Order Banning Sales of Gas-Powered Cars in California by 2035

by the DC Patriot You already know that California is a failing state, and more people are leaving the state than moving to it for the first time in decades. Now you’re starting to understand why. The California Governor Gavin Newsom has now signed an executive order that will ban the sale of gas powered and diesel cars and trucks by the year 2035. Let’s not even get into the fact that the average electric powered car is around $100,000 which the average Joe can’t even remotely afford. Newsom on Wednesday issued an executive order that would phase out sales of new gas-powered passenger cars by 2035, a move that he said would improve air quality and significantly reduce greenhouse gas emissions that are warming the planet. He signed the order two weeks after he pledged to ...
Supreme Court and Rules of the Game
Tenth Amendment Center

Supreme Court and Rules of the Game

by Walter E. Williams The United States Constitution’s Article 2, Sec. 2, cl. 2, provides that the president of the United States “shall nominate, and by and with the Advice and Consent of the Senate, shall appoint Ambassadors, other public Ministers and Consuls, Judges of the Supreme Court, and all other Officers of the United States.” President Donald Trump has nominated Amy Coney Barrett as U.S. Supreme Court justice who will replace the late Ruth Bader Ginsberg. Barrett currently serves as United States Circuit judge of the 7th U.S. Circuit Court of Appeals. The 7th Circuit serves the Midwestern states of Illinois, Indiana and Wisconsin. It is now the Senate’s job to decide whether to confirm Barrett’s appointment as an associate justice on the Supreme Court. In thinking about t...
CDC Comes Clean: New Fatality Rate Is A Shocker!
Ron Paul Institute

CDC Comes Clean: New Fatality Rate Is A Shocker!

by Daniel McAdams The Centers for Disease Control have come out with a new estimate of the Covid infection fatality ratio and the numbers will shock you. No wonder the Florida governor has said "enough is enough" and decided to open his state up completely. We are told to trust the CDC, so why is the mainstream media ignoring this very important news? Is this still about a disease...or is it politics? Today on the Liberty Report: https://youtu.be/XxE2g8lby7o Posted with permission from the Ron Paul Institute.
​BULLIES: Little Rock Teachers Union Refuses To Teach, Says We Will Not Be at Work Monday
DC Patriot

​BULLIES: Little Rock Teachers Union Refuses To Teach, Says We Will Not Be at Work Monday

by the DC Patriot The city of Little Rock Teacher’s Union announced on Sunday that staff will not be in attendance on Monday September, 28.  The Little Rock Education Association (LREA) said that teachers will be present to teach online classes but said educators will not be physically present in schools. “At this juncture, LREA members believe that our schools are not safe for in-person instruction and that the risk to our students, our staff members and our community is too great,” the association said in a news release. The union said the move was not a strike or a work stoppage.  Teachers won’t show up for in-person classes due to concerns about the spread of coronavirus in schools, the head of the local teacher’s union said Sunday.  “If we do not...
Why “Taxing the Rich” Doesn’t Make Us Better Off
Mises Insitute

Why “Taxing the Rich” Doesn’t Make Us Better Off

by Ludwig von Mises The complete confiscation of all private property is tantamount to the introduction of socialism. Therefore we do not have to deal with it in an analysis of the problems of interventionism. We are concerned here only with the partial confiscation of property. Such confiscation is today attempted primarily by taxation. The ideological motivations of such action are immaterial. The only question of interest to us is merely: What is sought by these measures and what is actually accomplished? Let us first consider taxes which directly or indirectly affect incomes only. In all countries there is today a tendency to tax larger incomes at higher rates than smaller incomes. In the case of incomes which exceed a certain amount most countries tax away, even nominally, u...