Stories about how China’s economy will soon surpass that of the U.S. should not be taken at face value. This is China’s economic stimulus project. This is what a government stimulus project is. A government stimulus project is when the government takes money and resources from the private sector and uses it to make and build things for which there is no genuine demand. Our American stimulus is of the same essential character. Ours is just a little more modest in scale.
Here is a nice article from Niall Ferguson about the choice the American Government will make on our behalf in the near future: Raise taxes and/or cut government. Thomas E. Woods has argued that raising taxes will not solve the problem. There will have to be copious cutting.
With juries like these, who needs dictators? Read the rest of this entry »
Links for Monday, June 20: China’s Economic Stimulus; Ludicrous RIAA Damages; What about NPR?; others…April 17, 2011
Links for March 1, 2010: Utah Gov’t Poised to Treat Reckless Miscarriage as Criminal Homicide; UK Criminalizes Secret Treasure, others….March 2, 2010
Utah Women May Face Murder Charges After Miscarriages | CommonDreams.org
“Similarly astonished is the syndicated columnist Dan Savage. ‘Where will this insanity end?’ he wrote. ‘If every miscarriage is a potential homicide, how does Utah avoid launching a criminal investigation every time a woman has a miscarriage? And how is Utah supposed to know when a pregnant woman has had a miscarriage? You’re going to have to create some sort of pregnancy registry to keep track of all those fetuses. Perhaps you could start issuing ‘conception certificates’ to women who get pregnant. And then, if there isn’t a baby within nine months of the issuance of a conception certificate, the woman could be hauled in for questioning.’” Bill text here.
Mail Online | Woman who found coin worth £2,000 in garden becomes first to be prosecuted for not reporting treasure
Pure bullying. Government, get out of that woman's business. Read the rest of this entry »