07/11/2018

Brett Kavanaugh: An Excellent Beginning

John Hinderaker, Powerline Blog

President Trump announced his appointment of D. C. Circuit Judge Brett Kavanaugh to the Supreme Court a few minutes ago. Trump was joined at the podium by Kavanaugh and his wife and two daughters. The event was, I think, superbly staged. Some observations:

1) President Trump’s introduction of Kavanaugh was beautifully conceived and delivered. Was there a teleprompter that I missed? Trump’s announcement seemed to be extemporaneous, and it was done flawlessly. Barack Obama was never able to talk off the cuff like this.

2) Trump emphasized Kavanaugh’s establishment credentials. With a razor-thin one-vote margin in the Senate, this is a good approach, and it probably accounts in large part for Trump’s selection of Kavanaugh. His credentials for the job are unimpeachable. If Trump has another opportunity to name a Justice, the Republicans will probably have a wider margin in the Senate and he may be free to choose a more controversial nominee.

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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

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  • Unemployment:
    FreeMarket Central BLS: 4.05%
    FreeMarket Central Shadow Stats: 21.5%
  • Inflation:
    FreeMarket Central November 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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