06/13/2018

Kim Jong Un Commits To ‘Complete Denuclearization’ Of North Korea

David K. Li, New York Post

President Trump and North Korean leader Kim Jong Un signed what Trump says is a “very important” and “pretty comprehensive” document after their Tuesday summit in Singapore.

Trump and Kim refused to immediately tell reporters what the declaration said, saying it would be handed out later.

However, after signing it, Trump held up the papers for photographers — and the agreement was briefly visible.

“President Trump committed to provide security guarantees to the DPRK and Chairman Kim Jong Un reaffirmed his unwavering commitment to complete denuclearization of the Korean Peninsula,” according to a preamble of the document.

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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 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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