12/06/2018

Russia Threatens 'Retaliation' For U.S. Pullout Of INF Treaty

Rick Moran, PJ Media

On Tuesday, U.S. Secretary of State Mike Pompeo announced that the United States was withdrawing from the 1987 Intermediate-Range Nuclear Forces (INF) Treaty because of Russian violations.

The Russians deny they are violating the treaty and are threatening "retaliation" for the U.S. action. Russian President Putin claims that the U.S. is the one violating the deal by allocating money for research into intermediate-range missiles. In fact, such research is allowed under the treaty and Putin is just blowing smoke.

NATO foreign ministers are backing the U.S. move.

BBC:

"Allies have concluded that Russia has developed and fielded a missile system, the 9M729, which violates the INF Treaty and poses significant risks to Euro-Atlantic security," the Nato foreign ministers' statement reads.

"We strongly support the finding of the United States that Russia is in material breach of its obligations under the INF Treaty.

"We call on Russia to return urgently to full and verifiable compliance. It is now up to Russia to preserve the INF Treaty."

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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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