Blue lines = prices subject to free market forces. Red lines = prices subject to regulatory capture by government. Conclusion: remind me why socialism is so great again.
Source: Why Socialism (And/Or Big Government) Sucks In One Simple Chart
In his 1954 book, “The Income Tax: Root of All Evil,” Frank Chodorov showed how the abrogation of citizens’ property rights by the income tax leads to the expansion of government far beyond reason
Source: The Income Tax: Still the Root of All Evil
Two socialists lead the Democratic pack at the moment as presidential aspirants: Kamala Harris and Bernie Sanders. But socialists make the world’s worst economists. The Green New Deal Resolution is their brainchild. It’s also a Democrat baby. This resolution now has 68 co-sponsors in the House, and every last one of them is a Democrat. Let us ponder a few of the effects of the Green New Deal. In this way, we see how the Democratic Party parades its economic illiteracy before us and how it intends to institute socialism in America. Suppose that Uncle Sam outlaws fossil fuels. They … Continue reading →
Source: Green is the Guise and Disguise of the New Socialism – LRC Blog
The old rules are being rejected, among liberals and conservatives, politicians and economists.
Source: How America Learned to Stop Worrying and Love Deficits and DebtIf
If contrary opinion is correct, now is the time to start worrying about the deficit.
In the biggest legal blow to the Selective Service System since 1981, judge rules that “the time has passed” for debate on women in the military.
Source: With women in combat roles, a federal court rules the male-only draft unconstitutional
File this under be careful what you wish for….in this case gender equality.
From Berkshire’s shocking $25BN Q4 loss, to the wild fluctuations in the company’s $173BN portfolio, to Buffett’s optimism about the US, his emergence as an “Austrian” MMTer, here are the highlights from Buffett’s latest annual letter.
Source: Berkshire Letter Highlights: Shocking $25BN Loss; Buffet Bashes “Deficit Doomsayers”, Emerges As Closet “Austrian”
There will be a long legal battle over the President’s declaration of a national emergency along the border, but regardless of the outcome, there is no good reason to declare the border a national
Source: There Is No National Emergency on the Border, Mr. President
President Trump’s trade policies don’t match up with basic economic principles.
Source: My Personal Trade Deficit Is Killing Me—or So Trump Would Have You Believe
“My vote in 2020 will go to a candidate who levels with the American people about our dire fiscal condition, and the sacrifice required to fix it.”
Source: Finley: $22 trillion debt? Let’s spend more
In a unanimous holding, the justices for the first time incorporated the 8th Amendment’s protection against excessive fines to the states.
Source: Supreme Court says states can’t impose excessive fines, and delivers a win to former heroin addict in pivotal ruling
Frederic Bastiat, a French economist and member of the French National Assembly, lived from 1801 to 1850. He had great admiration for our country, except for our two faults — slavery and tariffs. He said: “Look at the United States. There is no country in the world where the law is kept more within its proper domain: the protection of every person’s liberty and property.” If Bastiat were alive today, he would not have that same level of admiration. The U.S. has become what he fought against for most of his short life. Bastiat observed that “when plunder becomes a … Continue reading →
Source: Plunder – LewRockwell
If the Green New Dealers have their way, the interventionist state will be taken to an entirely new and more destructive level as one great plan for global salvation is imposed on everyone,
Source: The Nightmare Fairyland of the Green New Dealers