The Conversation Thu 08. 16. 2018.

The Evidence Is Clear: America Is Back
Mike Pence, Des Moine Register

Trump Revokes Ex-CIA Dir. John Brennan’s Security Clearance
Benny Johnson, Daily Caller

Ellison Is Done: 911 Report Confirms Assault Details And We’ve Got The Report
Jared Harris, Conservative Tribune

Russian Collusion: It Was Hillary Clinton All Along
Investor’s Business Daily

Democrats Are Out To Sabotage The Middle Class On Health Care
Betsy McCaughey, New York Post

This Cake Baker Won At The Supreme Court. Now The State Is Trying To Get Revenge
Bre Payton, The Federalist

Majority of Democrats Like Socialism More Than Capitalism
Frank Newpor, Gallup

An Easy Way To Lower The Trade Deficit
Stephen Moore, American Spectator

Bernie Sanders Calls America ‘Fundamentally Immoral’ [Watch]
Amber Athey, Daily Caller

Welcome To Tariff Town, USA
Andrew Egger, Weekly Standard

Enough's Enough
Walter Williams, Townhall

The Link Between Economic Liberty And National Prosperity
Daniel J. Mitchell, International Liberty

Amish Uber Shows That Entrepreneurship Is Contagious
Brittany Hunter, Foundation for Economic Education

Before Public Roads, Private Companies Did It Better
Joe Jarvis, Daily Bell

MA Mayor Boycotting Sam Adams Beer Because CEO Thanked Trump For Tax Cuts
Mike LaChance, Legal Insurrection

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,

Calendar


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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,