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The Rothbardian Critique of Consumer Sovereignty - Mises Institute (11/25/03) Notwithstanding its endorsement by Mises, writes Robert Murphy, many modern Austrians reject the notion of consumer sovereignty as an inaccurate political metaphor. Besides the technical inaccuracy—namely, that consumers are not truly sovereign over the producers—the doctrine is an insult to the market economy. The free market is a much better system of social organization than any democracy! Jobs Overseas? Another Attempt to Explain - Mises Institute (11/27/03) Jobs are not being shipped, and Americans are not somehow being stopped from making TVs, writes Lew Rockwell. TVs can still be made in the US. Everyone and anyone is free to invest the money, hire the workers (bidding them away from other pursuits), buy the parts, build the sets, and put them on sale. That the same processes are undertaken in China has no bearing on anyone`s freedom to do it here. If you want to make an all-American TV, no one is stopping you. The WTO`s Mercantilist Flaw - Mises Institute (11/26/03) As with the EU, Mercosur, NAFTA and other regional trading arrangements all vying for supremacy, and mercantilism entrenched at the heart of the dispute settlement system, the WTO is anything but committed to unfettered trade between individuals across national borders. Grant Nulle explains how and why. The Roots of Governments` Budget Crises - Mises Institute (11/24/03) Why do governments get into bad situations so often? The real problem is not usually out and out corruption, writes Tibor Machan. The problem is systemic. Essentially, governments lack the needed basis for assessing the relationship between their resources and their expenses. They are unavoidably ill informed because the means by which that relationship is best understood is plainly unavailable for governments.
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Iraq `rosiness` is really American blood - Reuters (10/01/04) "September was one of the deadliest months for U.S. troops in the 18-month-old war in Iraq, and the death toll for the first time has risen four straight months. At least 76 U.S. troops were killed this month, reflecting a steady increase in American deaths since the United States transferred sovereignty to the interim Iraqi government ..." U.S. forces kill over 100 in Samarra strike - Reuters (10/01/04) "U.S.-led forces stormed Samarra ... and said nearly 100 guerrillas were killed in air strikes and street-to-street combat during a major new American offensive to wrest control of the Iraqi town. Doctors at Samarra`s hospital said 47 bodies were brought in, including 11 women, five children and seven elderly men." Labor Dept to spend more on unemployment welfare - Newsday (10/01/04) "The U.S. Labor Department plans to launch a $9-million pilot program that could change the way some unemployed people look for work. The program, called Personal Reemployment Accounts, will establish accounts of up to $3,000 for participants, who can use the funds for job training ..." Wisconsin court rules drunk driving laws apply to water, too - Duluth News Tribune (10/01/04) "People can be arrested for driving drunk on frozen lakes, a state appeals court ruled ..., marking the first case to address whether Wisconsin`s drunken-driving laws extend to frozen bodies of water. The 4th District Court of Appeals reversed Dodge County Circuit Judge Andrew Bissonette`s ruling."
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Commentary, Opinion, and Book Reviews
Putting Pakistan on the campaign agenda - Cato Institute (by Christopher Preble and Subodh Atal) (10/01/04) "As the 2004 presidential election moves into its final weeks, neither candidate has mentioned a vital threat to American national security: the vulnerabilities of Pakistan`s nuclear arsenal. Unlike Iraq`s supposed nuclear program, which thankfully proved to be non-existent, Pakistan`s nuclear weapons and technology are very real." America`s field of dreams - LewRockwell.com (by Mike Rogers) (10/01/04) "American basketball, football, and especially baseball, have done more for creating a positive image of Americans for people around the world than the U.S. government could ever do with hundreds and hundreds of trillions of dollars in aid. Not to mention the damage to America`s image done by the current U.S. administration with its waging wars." Armed citizens mean a safer city - LewRockwell.com (by John R. Lott, Jr.) (10/01/04) "Thank goodness the U.S. House of Representatives finally voted to overturn D.C.`s handgun ban. While these politicians have protection both in their homes and as they travel around in public, since September 24, 1976, other D.C. residents have lived under the nation`s most restrictive gun laws. Police enforce a citywide handgun ban ..." Asian doubts regarding the dollar - LewRockwell.com (by Gary North) (10/01/04) "In short, sell T-bills, buy oil, and stick the OPEC political regimes with a high-risk currency. That would move the flow of oil toward China rather than the rest of the world. ... This policy makes sense to me. Will it make sense to the Chinese government? On the day that it does, the dollar will resume its fall. Interest rates will rise." A very cogent analysis
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