12/07/2017

Why I Hate The New York Times [Watch]

John Stossel, Fox News

My hometown paper drives me crazy.

I read The New York Times because it often has good coverage. The newspaper pays to send reporters to dangerous places all around the world.

This weekend, the Times Magazine did a surprisingly fair profile of Sean Hannity, although they chose photos that make him look evil.

But mostly I read the Times because my neighbors read it, and I need to understand what they think.

Sadly, many think dumb things because most every day the Times runs deceitful, biased stories and headlines that mislead.

Opinion columns have license to do that, but these days, Times' smears extend to "news" stories.

A recent headline said that President Trump's tweets had "united Britain in outrage." Wow. Really? The whole country?

Only if you read the entire story would you learn that the outraged people include "the opposition Labour party," "several" Conservatives and comedian John Cleese.

That's a whole country "united in Trump outrage"? Please.

Another headline said ending President Obama's net neutrality bureaucracy would be "hastening the Internet's death."

Ridiculous. I understand that many statists like the regulation, but all the net neutrality repeal really will do is restore some of the permission-less innovation that allowed the Internet to blossom in the first place.

Read full article



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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 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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