mises.org: Why Hayek Rejected “Mere Legality” -- -- A government that rules by imposing politically-oriented statutes upon its citizens cannot lay claim to governing by “rule of law.” Hayek understood that claiming “legality” to anything the state does is a sure road to tyranny. #liberty #news
reason.com: 2 New Jersey Journalists Face Criminal Charges for Publishing Information From a Police Blotter -- -- The prosecution, the latest example of local attempts to criminalize news reporting, is blatantly at odds with First Amendment principles. #liberty #news
mises.org: Nearly one-third of major U.S. housing markets now see falling home prices -- -- Inventory has been rising steadily over the past year, up 29% in June. Prices are still seeing big gains in the Northeast and Midwest. #liberty #news
mises.org: Another surge in long bond yields in Japan amidst worries over govt debt -- -- the 30-year yield neared the record high seen in May and the 20-year yield touched the highest since 2000. #liberty #news
reason.com: Federal Court Rules Against Racial Profiling in "Roving" Immigration Enforcement Raids -- -- Racial profiling is a longstanding problem, exacerbated by Trump Administration deportation policies. #liberty #news
mises.org: Do Financial Markets Operate Upon Superior Knowledge? -- -- The Efficient Market Hypothesis claims that financial markets process information immediately and correctly. However, since the EMH is based upon unrealistic assumptions, we also have to question the efficacy of this hypothesis, especially when central banks intervene in the markets. #liberty #news
mises.org: Do Financial Markets Operate Upon Superior Knowledge? -- -- The Efficient Market Hypothesis claims that financial markets process information immediately and correctly. However, since the EMH is based upon unrealistic assumptions, we also have to question the efficacy of this hypothesis, especially when central banks intervene in the markets. #liberty #news
reason.com: U.N. Report Blames Israel and Capitalism for the Conflict in Gaza -- -- The report includes no mentions of Hamas’ attacks or hostages. #liberty #news
reason.com: In Just 1 Year, 134 Lifeguards Cost Los Angeles Taxpayers $70 Million -- -- The highest earner received a grand total of $523,351. #liberty #news
mises.org: A Comprehensive Case for Ending the Fed -- -- Bob dismantles the arguments supporting the Federal Reserve and presents a clear strategy for its abolition and replacement. #liberty #news