The Conversation Tue 12. 18. 2018.

Christopher Steele: I Was Hired To Help Hillary Clinton Challenge The 2016 Election Results
Joel B. Pollak, Breitbart

De Blasio Sees Too Many Asians
William McGurn, The Wall Street Journal

Nobel Laureate Vernon Smith: Markets Could Restore Prosperity To Venezuela Almost Immediately
Barry Brownstein, FEE

Sen. Kamala Harris Explains Her Support For Trump-Backed Criminal Justice Reform Bill
Lauretta Brown, Townhall

European Court Of Human Rights Blasphemy Laws: Where A Word Out Of Place Can Cost Your Life
Denis MacEoin, Gatestone Institute

SNL Making Fun Of Trump Absolutely Is Legal
Katherine Timpf, National Review

Reed O'Connor's Obamacare Ruling Opens Up New Possibilities for America's Health Care
Braden H. Boucek, PJ Media

Doug Schoen: Trump Better Get Our Trade Policy Right, Or China Will Take Our Place As The Global Economic Leader
Douglas E. Schoen, Fox News

Hillary Consoles 8-Year-Old Girl After She Lost Class President To A Boy
Mary Chastain, Legal Insurrection

Life As A Trump-Supporting Female In Manhattan
Pamela Garber, American Thinker

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 November 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,

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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,