The Conversation Thu 10. 18. 2018.

New Study Ranks US High In Economic Freedom, But Trump’s Tariffs Could Change That
Alexander Hammond, Washington Examiner

Does Midterm History Really Augur Big GOP Losses?
David Catron, The American Spectator

Tucker Carlson: In Their Efforts To Fight Trump, Democrats Have Become What They Said They Hated
Tucker Carlson, Fox News

'Blue Wave' Ebbing? Dem Advantages Offset By Strong Economy
Rick Moran, PJ Media

Actual Pocahontas Descendant Calls Out Elizabeth Warren
Nate Church, Breitbart

Warren Is A Fraud
Ben Shapiro, National Review

6 Political Scandals The Press Doesn't Want You To Know About
Investor's Business Daily

The Ratings Are In, And They’re Important: Left-Wing The Conners Vs. Right-Wing Last Man Standing
Alex Parker, RedState

Mattis: China’s Island Militarization Continues
Bill Gertz, The Washington Free Beacon

One-Party Rule Has Left New York In A Sorry State
Michael Goodwin, New York Post

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 September 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,