The Conversation Wed 07. 18. 2018.

The Helsinki Summit Will Further Derange American Politics
Michael Brendan Dougherty, National Review

The Helsinki Hysteria
New York Sun

Correction: Trump Did Not Absolve Russians Of Meddling
Tom Trinko, American Thinker

People Are Worrying The Labor Market Is Too Good
Andy Puzder, The Wall Street Journal

Schumer Raises 'Possibility That Putin Holds Damaging Information Over President Trump’ [Watch]
Susan Jones, CNSNews

#WalkAway Founder Brandon Straka Denied Service At Adorama Camera Store [Watch]
Jessica Chasmar, Washington Times

Report: Uber Driver Dumps 6 GOP Volunteers At Random Gas Station, Says ‘Welcome To The Resistance’
Sarah Taylor, TheBlaze

Democrat Congressman Calls For A Military Coup
Streiff, RedState

There's Never An Excuse For Protectionism, So Stop Excusing It
John Tamny, RealClearMarkets

California’s Mortgage Fraud
The Wall Street Journal

RNC Doubles DNC Fundraising Ahead Of Midterms
Matt, Political Insider

Beware Bernie Sanders's Unsound Economic Arguments
Ahmed Barakat, Foundation for Economic Education

Democrats Begin To Turn On Ocasio-Cortez: ‘Meteors Fizz Out’
Joseph Curl, Daily Wire

A Guaranteed Income Would Undermine The Social Virtues Of Work
John O. McGinnis, Library of Law and Liberty

Automation Isn’t Nearly As Disruptive As You Might Think
Tim Worstall, CapX

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 June Year-to-Year: 2.80% (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,