The Conversation Thu 11. 22. 2018.

For Reasons Good And Sad, Thanksgiving Is Now Our Greatest Holiday
David French, National Review

Iran Had Secret Plans To Build Five Nuclear Warheads
Adam Kredo, The Washington Free Beacon

Chuck Grassley To Chief Justice John Roberts: You Rebuked Trump — But Sat Silent Through Obama’s Abuse
Joel B. Pollak, Breitbart

Off-teleprompter Obama Rambles, Nearly Incoherently Attacking American Global Warming Skeptics
Thomas Lifson, American Thinker

Barack Obama Trashes Americans Again: They're Confused, Blind, Filled With Hate, And Maybe Racist
Matt Vespa, Townhall

Dear Women In Entertainment: You’re Not Strong For Getting Naked
Alex Parker, RedState

Now The PC Police Have Come For ‘The Vagina Monologues’
Post Editorial Board, New York Post

Embattled Pelosi Gets Boost With Obama Praise
Rick Moran, PJ Media

Daily On Healthcare: New Obamacare Numbers Show Signups Lagging Last Year’s Pace
Philip Klein, Kimberly Leonard & Robert King , Washington Examiner

Top Iranian Commander Identifies US Bases "Within Reach" Of Precision Missiles
Tyler Durden, ZeroHedge

FMC Barometers

FreeMarket Central

Numbers as of last Friday close.

[Total = Federal, state & local
Source: usgovernmentspending.com]

FreeMarket Central What is Gross Output?


Why are these numbers important?

Shadow Stats Snapshot


FreeMarket Central

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    FreeMarket Central BLS: 4.05%
    FreeMarket Central Shadow Stats: 21.5%
  • Inflation:
    FreeMarket Central October Year-to-Year: 2.87% (CPI-U*)
    FreeMarket Central Shadow Stats: 9.9%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]

Wisdom


The Cost of Government 'Safety'

"Every time something really bad happens, people cry out for safety, and the government responds by taking rights away from good people."

-- Penn Jillette,

Calendar


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In Search Of History

4,000 Years Of Price Control

Tablets, said to be 200 years older than the Babylonian Code of Hammurabi ... show that the ancient kingdom of Eshnunna had wage control and price control. The news ought not to have come as a surprise. For the code of Hammurabi itself (unearthed in 1902), which was promulgated earlier than 2000 B.C., fixed prices, wages, interest rates, and fees. This makes price control at least about 4,000 years old. ...

 

Ironically, it is those who now wish to return to this ancient totalitarian device who are fondest of calling themselves “progressives.” They are also fond of saying that those who believe in economic liberty “are living in the nineteenth century.” These controlists have yet to learn that they themselves are still living, as the discoveries in Babylonia attest, in the nineteenth century—B.C.!

-- Henry Hazlitt,