12/07/2017

Trump’s Recognition Of Jerusalem Makes ‘Peace’ More Likely

David Harsanyi, The Federalist

Later today Donald Trump is expected to make a largely symbolic but important gesture, recognizing Jerusalem as the capital of Israel — not as an international capital or shared capital or capital in flux or as any of the other fantasies anti-Israel types have harbored since 1967. The most consequential long-term benefit of the move is that it begins to undercut a myth that’s stood for years.

Palestinian leadership might have deluded their own people for decades, but there is no conceivable peace deal that includes a truly divided Jerusalem. Like the Right of Return, the notion that a part of Jerusalem proper will be handed over to an antagonistic government, much less the remnants of the PLO and their on-and-off political partners Hamas, is a fantasy. This is not a radical Likud position, it’s one of the few issues that all major political parties, left and right, agree on in Israel.

Jerusalem, after all, is not some concocted modern capital. The place itself is the affirmation of the Jewish claim on Israel. Consequently, the coming protests over Trump’s move are not merely about a city, they are about challenging the right of Israel to exist — a self-destructive position that most Palestinians still embrace. This isn’t new. There has been a destructive effort within the Muslim world — although it has been taken up by others, including the United Nations — to deny the religious and historic connection between the city and the Jews. Moving the embassy, even if it entails nothing more than hanging a sign on a new building, is a pushback against attack on an ally.

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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,

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  • Unemployment:
    FreeMarket Central BLS: 4.05%
    FreeMarket Central Shadow Stats: 21.5%
  • Inflation:
    FreeMarket Central June Year-to-Year: 2.80% (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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