The Conversation Wed 11. 14. 2018.

Trump’s Trade War Is Causing Long-Term Damage
Tori Whiting, The Daily Signal

BREAKING: Palm Beach Ballot Machines Break. Supervisor Says All Early Vote Tallies Need To Be Rerun.
Hank Berrien, The Daily Wire

Pentagon: U.S. Lacks ‘Adequate’ Defense Against Hypersonic Weapons
Natalie Johnson, Free Beacon

Nancy Pelosi Is Gearing Up To Use Identity Politics To Gain Power Over Democrats In The House
Brandon Morse, RedState

Nolte: Crony Capitalism: Democrats Give Away $2 Billion In Welfare To Amazon
John Nolte, Breitbart

The Present American Revolution
Victor Davis Hanson, National Review

Ending Election Fraud
Daniel John Sobieski, American Thinker

Cal Thomas: What’s The Matter With Florida?
Cal Thomas, Fox News

Everyone Is Wrong About The Jim Acosta, White House Battle
Mollie Hemingway, The Federalist

Club For Growth Looking 'Seriously' At Backing Trump In 2020 After Opposing Him In 2016
David M. Drucker, Washington Examiner

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,

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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,