The Conversation Fri 08. 17. 2018.

Russia Hysteria Undercuts Our Values, Impedes Relations
Thomas Massie, RealClearPolitics

Trump Was Right To Revoke Brennan's Security Clearance [Watch]
Jim Hanson, Fox News

America Is Great, Gov. Cuomo
Rob Schwarzwalder, The Stream

In Frantic Text To DOJ's Bruce Ohr, Christopher Steele Hopes "Important Firewalls Will Hold”
SaraCarter.com

Either Trump Is Delivering On His Economic Promises, Or He's Very Lucky
Michael Barone, Washington Examiner

Elizabeth Warren’s Batty Plan To Nationalize . . . Everything
Kevin Williamson, National Review

The Battle For Houston
City Journal

‘Evil Is A Make-Believe Concept’: US Couple Trumpets Global Goodness On Bike Trek. ISIS Kills Them.
Dave Urbanski, TheBlaze

Trump And Sanders Both Stand Against Free Trade
Veronique de Rugy, Reason

It Seems Twitter's 'Trust And Safety Council' Is Working Overtime To Ban Conservatives
Jim Treacher, PJ Media

Boom! Thanks To GOP Tax Cuts, Manufacturers Are Hiring And Expanding
Abigail Marone, Americans for Tax Reform

Consumers Will Pick Up The Bill For An ‘Amazon Tax’ On Innovation
Madeline Grant, CapX

Next To Millennials, The Generation X Slackers Were Renaissance Men
Mark Judge, Library of Law and Liberty

Alexandria Ocasio-Cortez Is Wrong About The Upper Middle Class
James Pethokoukis, Foundation for Economic Education

A Deep Dive Into The Psychology Of Progressivism
Francis Menton, Manhattan Contrarian

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 July 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,