-- The president can cite meaningless adequate steps, ambiguous drug seizure numbers, and a decline in drug deaths that began before he took office. #liberty #news
-- Mainstream economists make too much out of “knowledge.” First, the kind of knowledge one needs to be successful in an economy is not knowing things generally but having an understanding that is more than knowing mere facts. The entrepreneur‘s judgement is ultimately what matters. #liberty #news
-- Progressives have created the fiction in which the US Constitution “is what the Supreme Court says it is.” In reality, the justices simply interpret the Constitution according to modern statist progressive viewpoints that fit their own progressive narratives. #liberty #news
-- Long-term interest rates are on the rise and there is no shortage of explanations from the usual suspects. One thing the pundits miss, however, is the role of time preference in determining interest. The Austrians do not make that error. #liberty #news
-- Third World economies rarely operate on trust, which inhibits capital development and other important ingredients for economic growth. Is that a case of personal morality or do the monetary systems play a role? #liberty #news
-- 2/2/1790: Justice William Cushing takes oath. The post Today in Supreme Court History: February 2, 1790 appeared first on Reason.com. #liberty #news
