10/12/2017

Hollywood, Media, NFL, Government: America Sends Its Sacred Cows To The Slaughterhouse

Pete Kasperowicz, Washington Examiner

The status quo is over in America.

Everything the country once trusted and revered is being tossed overboard at a pace that probably hasn't been seen since the 1960s.

Is it a cultural shift? Who cares ... that's a crusty old term that only the elite used or even understood. Let's toss it out, along with anything else we ever trusted.

Out with the old, in with anything else, as long as it's new and hasn't lied to us yet.

President Trump has fostered some of this thinking, but even Trump is just a sign of the times. He rose by pointing out what stand-up comics have known for years: The government can't do anything right.

It wouldn't have worked just a few years earlier. But now that Trump is in, it's hard to imagine anyone running on the bland old promise that government will somehow figure it all out and make things better. To those who say Trump hasn't done all that much, the rejoinder is that he's done plenty by showing how shoddy the government's work product has been.

Trump laughed off and then abandoned the non-binding climate deal, and the sun rose the next day.

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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,

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 August 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]

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