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Two Important Graphs and Rick Rule13:22 The aggregate net worth of all Americans is $170 trillion. Total government liabilities (on and off the books) are $160 trillion. Rick Rule: "I just don't understand how that great big large number goes away." Neither does the Fed. The Justice Department Indicts the Ministry of Love12:18 The recent DOJ indictment of the Southern Poverty Law Center might be controversial, but what is not controversial is that the SPLC engaged in conduct that was more reminiscent of the Ministry of Love in 1984 than protecting someone’s civil rights. Government Regulations Create Monopolies and Stifle Competition12:18 The regulatory state is also the entity that stifles competition, reduces economic cooperation, and impedes the production of wealth. Top AI companies agree to work with Pentagon on secret data1.května The US regime can entice "cooperation" from tech companies with enough taxpayer money and threats of regulation. GOP Congressmen Seek to Extend US Veterans Benefits to Israeli Soldiers1.května Once reserved to actual American servicemen, Republicans now seek taxpayer funded benefits for Americans who fight for Israel. Why “Luck” Doesn’t Explain Wealth and Success in the Marketplace1.května Luck egalitarians fallaciously declare property and wealth to be illegitimate or at least suspect due to a mysterious, unquantifiable force called luck. Their arguments fail even if what they claim about luck is true. Burned by a Red Hot Stove1.května The Australian philosopher David Stove, while not exactly a Rothbardian, still preferred the free market. In this week’s Friday Philosophy, Dr. David Gordon introduces readers to Stove’s many interesting viewpoints. The Luck Fallacy and Luck Egalitarianism1.května Luck egalitarians fallaciously declare property and wealth to be illegitimate or at least suspect due to a mysterious, unquantifiable force called luck. Their arguments fail even if what they claim about luck is true. U.S. Debt Tops 100% of GDP1.května The U.S. national debt now exceeds 100% of gross domestic product, crossing a once-unthinkable threshold, on the way toward breaking the record set in the wake of World War II. NYT: "The U.S. Military Was Losing Its Edge. After Iran, Everyone Knows It."1.května " But the problem is bigger than any single commander in chief. The United States has left itself unprepared for modern war." Stuff that Fed Officials Say1.května Ryan McMaken, Jonathan Newman, and Joshua Mawhorter of the Mises Institute take a look at the politics of "fedspeak" and what officials at the Federal Reserve really mean when they say they're going to fix the Fed. The Shadow Chair30.dubna A soft coup took place in D.C. last night, and Jerome Powell could stay in the bunker until 2028, if he so chooses. We Are Living in the Fourth American Republic30.dubna The old republic is gone. The constitutional order of the Jeffersonian years—i.e., the so-called "American experiment"—was swept away long ago. |