Destroying Value Is What Government Does Best
by Sheldon Richman. In Cleveland and other American cities homes are being demolished because five years after the housing bust there is nothing better to do with them. Therein lies a lesson in Austrian business cycle theory. In a world of uncertainty, waste — the destruction of value — is inevitable. Human action, which aims to replace inferior ... MORE
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bailout,
banking,
bankruptcy,
borrowing,
business,
economics,
government,
housing,
resources
Jacob Sullum: Read My Tea Leaves
Obama spits in the face of state law. In their October 7 press release announcing "coordinated enforcement actions" against medical marijuana dispensaries, California's four U.S. attorneys use the adjective commercial to describe their targets eight times and refer to profit nine times, not counting two mentions of money and one of moneymaking. You might surmise ... MORE
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drug war,
federal,
force,
health,
law enforcement,
medical marijuana,
Obama,
police,
tyranny
HOT AIR: Propaganda Created, Saved, and Supported.
Media trumpets specious "saved or created jobs" numbers. The Obama administration’s latest tactic for selling its jobs bill is to claim it will “support” 400,000 jobs (primarily in government). Ed Morrissey notes this metric is as unmeasurable as jobs “saved or created” by Obama’s failed stimulus law, which is a good springboard for underscoring a crucial ... MORE
CBS BOSTON: Police Feel Free To Enter Unlocked Cars
Who gave them the right? Thieves are finding easy targets on the North Shore: Cars that aren’t locked with valuable items inside. If your car door was unlocked, or an officer spotted your GPS, wallet, or something important in plain view, you might have found a warning on your windshield in Beverly this weekend. Police were willing to stir-up a little proactive controversy to ... MORE
Walter E Williams: Its Hard To Be A Racist
Years ago it was easy to be a racist. All you had to be was a white person using some of the racial epithets that are routinely used in song and everyday speech by many of today's blacks. Or you had to chant "two, four, six, eight, we don't want to integrate" when a black student showed up for admission to your high school or college. Of course, there was that ... MORE
AP: Feds To Design Health Insurance For The Masses
Central planners to dictate one-size-fits-all medical insurance. The federal government is taking on a crucial new role in the nation's health care, designing a basic benefits package for millions of privately insured Americans. A framework for the Obama administration was released Friday. The report by independent experts from the Institute of Medicine lays out guidelines ... MORE
REUTERS: Secret Panel Can Put Americans On Death List
Death by government. American militants like Anwar al-Awlaki are placed on a kill or capture list by a secretive panel of senior government officials, which then informs the president of its decisions, according to officials. There is no public record of the operations or decisions of the panel, which is a subset of the White House's National Security Council, several current and ... MORE
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government,
hypocrisy,
intelligence,
justice,
law,
Obama,
power,
secrecy,
security,
terrorism
AP: Feds To Shut Down Medical Marijuana Dispensaries
Gov't decides too much liberty going on in California. Federal authorities in California vowed to shut down dozens of pot growing and sales operations in a major crackdown, saying the worst offenders are using the cover of medical marijuana to act as storefront drug dealers. The aggressive crackdown comes a little more than two months after the Obama ... MORE
John Ashby: Marching For Shackles And Chains
Willing slaves protest against liberty. History is littered with popular uprisings which overthrow one dictatorship only to turn around and embrace another. From the French Revolution near the turn of the 18th century to what many fear to be happening in the Arab world today, revolutionaries generally know whom they are against, but they fail to define what they are ... MORE
Labels:
capitalism,
collectivism,
entitlements,
greed,
protest,
rich,
socialism,
unions,
Wall Street
VIDEO: Milton Friedman - Self-Interest & Self-Ownership
Nine minutes of utter brilliance from the Phil Donahue Show.
John Stossel: Government Makes Us Poor
A formula for prosperity. Here's my fantasy: Libertarians are elected to the presidency and to majorities in Congress. What would happen next? Well, if libertarians were "in charge," you'd have more freedom and prosperity. Freedom frightens some people. They say if no one is in charge there would be chaos. That is intuitive, but think about a skating ... MORE
Aaron Goldstein: 9 Reasons To Nominate Herman Cain
#3. He has never held elected office. Let us assume that the field bidding to be the Republican standard bearer in 2012 will not expand. Let us assume also that neither New Jersey Governor Chris Christie nor Sarah Palin will throw their hat into the ring. Let us further assume that neither Mike Huckabee nor Paul Ryan is having second thoughts. In which case, Mitt ... MORE
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