reason.com: Trump Is Wrong. Cheap Goods Are Awesome. -- -- The right number of dolls? As many as your kid wants. #liberty #news
reason.com: The U.K. Trade Deal Screws American Consumers -- -- Residents of the United Kingdom will get lower tariffs, while Americans are stuck paying higher ones. #liberty #news
mises.org: P.T. Bauer’s Reminders on Foreign Aid -- -- The late P.T. Bauer provided much insight into the issue of the so-called First World sending aid to Third World nations in the name of “development.” Bauer demonstrated conclusively that such donations actually impede economic growth in poor nations. #liberty #news
reason.com: Bernie Sanders: American Success Story -- -- Plus: Habemus papam, deporting grannies, and more... #liberty #news
mises.org: Autos Used vehicle pricing barometer jumps to highest level since 2023 amid auto tariffs -- -- To be sure there are probably two factors at work here. One is tariffs and the other is the fact that auto loan delinquencies are rising and people need cheaper cars. #liberty #news
mises.org: Gov. Newsom Appeals to the Sunk Cost Fallacy to Promote the Failed Bullet Train -- -- In the world of private enterprise, business owners pay attention to costs already incurred that cannot be recovered, also known as “sunk costs.” Government officials, however, see sunk costs as an incentive to promote public projects where costs clearly outweigh benefits. #liberty #news
mises.org: The Fed Leaves Fed Funds Rate at 4.5% as Economic Storm Clouds Gather -- -- The Fed is now hemmed in by a rising risk of stagflation. It doesn‘t know where the economy is headed, or is unwilling to take a position. At this point, “hope for the best” is Fed policy. #liberty #news
mises.org: Will Trump Follow Nixon’s IRS Road to Ruin? -- -- Like presidents before him, Donald Trump is using the IRS as a weapon against organizations he doesn‘t like. Richard Nixon did the same thing—and it helped bring down his presidency. #liberty #news
reason.com: Rawdogging the Conclave -- -- Plus: Trade deal, Columbia arrests, and more... #liberty #news
mises.org: MMT Is Wrong about the History of the Origins of Money -- -- Not only are Modern Monetary Theory (MMT) cultists dishonest about the role of money, they also are dishonest about money‘s history. By taking issue with Carl Menger‘s historical version, they expose their own ignorance of how money came about. #liberty #news