05/16/2018

The NRA Vs. Authoritarianism

James Freeman, The Wall Street Journal

Some leftist pundits are too busy claiming that Donald Trump’s reduction of federal power amounts to authoritarianism to notice the genuine article in the state of New York. Or maybe they don’t care.

But if there are any civil libertarians in the so-called progressive movement, they might benefit from the following thought experiment: Read the lawsuit filed on Friday by the National Rifle Association against New York Gov. Andrew Cuomo, his Department of Financial Services, and its Superintendent Maria Vullo. Also check out the governor’s April 19 press release on the topic. Then imagine that the target of Mr. Cuomo’s recent assault on political speech is anyone other than the gun-rights group.

Mr. Cuomo has often found the NRA to be a useful foil as he appeals to New York’s liberal electorate. And perhaps he has never needed to shoot at the NRA target more than right now, as he faces a surprisingly strong challenge for the Democratic nomination.

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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:
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    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]

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