Government creates a fake expert, won’t release files on him because privacy

September 28, 2016
by Jesse Walker   Reason

"'Guy Sims Fitch' was a persona created by the U.S. Information Agency in the early Cold War era. Various journalists and others on the agency's payroll would write articles on economics under Fitch's name, and those pieces then appeared in news outlets around the world. It would be nice to know who exactly was writing those articles, and it would be nice to know if those pseudonymous scribes were writing under any other names as well. But when a reporter filed a Freedom of Information Act request for more info on the Fitch program, the government told him he'd first have to get permission from the writers involved -- that is, from the very people whose identities he was trying to uncover." (09/27/16)  

Enhance prosperity and improve health: Slash regulations, please

September 28, 2016
Cato Institute
by Steve H Hanke   Steve H. Hanke

"Productivity and economic growth continue to surprise on the downside in most countries. While there is a great deal of handwringing over the so-called productivity puzzle, little attention is given to the real elixir: freer markets and more competition. Indeed, the policy tide is moving in the opposite direction in most places. To get a grip on the productivity puzzle, let's lift a page from the late Senator Daniel Patrick Moynihan, who once said, 'You're entitled to your own opinions, but you're not entitled to your own facts.' Yes. There is nothing better than a hard look at empirical evidence to see if it supports those who espouse freer markets or those who embrace the regulatory state as models." (for publication 10/16)  

Going to hell in an alt-right handbasket of deplorables

September 28, 2016
by Garry Reed  

"During this 2016 Presidential Election cycle, perhaps the most entertaining spectacle since Ross Perot popped up on the scene in 1992 with his universal political cure-all sideshow of 'Just open the hood and fix it' the phrase Alt-Right, short for 'the Alternative Right' was dredged up from the bowels of the SPLC by the Hillary Clinton Campaign when she flung her 'Basket of Deplorables' into mainstream America’s face like a caged monkey flinging its own feces at zoo-goers." (09/27/16)  

One solution to the EpiPen crisis: Repeal Durham-Humphrey

September 28, 2016
Independent Institute
by John R Graham   John R. Graham

"The Durham-Humphrey Amendment gave the federal government (via the Food and Drug Administration) the power to decide whether a drug is available only by prescription or over-the-counter (OTC). The law passed in 1951, half a century after the FDA was instituted. Even if you believe Congress should keep drugs off the market until the FDA has proven their 'safety and efficacy' (which I do not), that does not necessarily imply the FDA should decide whether the drug should be prescribed or dispensed OTC. The Durham-Humphrey Amendment was passed to increase control over the distribution of amphetamines, but it quickly metastasized to a general federal control over prescribing." (09/27/16)  

A conspiracy theory about conspiracy theories

September 28, 2016
Freeman's Perspective
by Paul Rosenberg   Paul Rosenberg

"One of the funny things about conspiracy theories, including false flag attacks, is how often they are proven to be true. You have to wonder how long the shame-inducing slam, 'That's a conspiracy theory,' will keep working. But that's not my point for today. Today, I want to introduce a conspiracy theory of my own, a conspiracy theory about conspiracy theories." (09/27/16)  

The great blessings of cash

September 28, 2016
Notes On Liberty
by Fred Foldvary  

"Paper money offers the benefits of anonymity, immediate payment, no identity theft, and no transaction charges. Government also benefits by printing notes with much greater value than the cost of the paper. However, some economists argue that cash has social costs that outweigh these blessings, and advocate the reduction and eventual elimination of paper cash. ... The use of cash by the underground economy is a symptom of bad policy, and the elimination of cash treats the effects rather than the causes. The reason economic activity goes underground is that governments have prohibited economic transactions." (09/27/16)  

This is not capitalism, this is economics

September 27, 2016
Adam Smith Institute
by Tim Worstall   Tim Worstall

"The destruction of jobs is not something which defines capitalism. It's something which defines economics. Our basic starting point is that human desires and wants are unlimited. We also note that we have scarce resources with which to sate those desires and wants. Economics is about the allocation of those resources to meet them. Human labour is a scarce resource -- we therefore desire to be efficient in our allocation of it just as we wish to be efficient in our allocation of copper, energy or land." (09/27/16)  

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