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Media Infiltrations: TARP Looking More Criminal by the Minute  National Review Online April 24, 2009 Death By Rescue National Review November 17, 2008
"What has been your worst blogging experience? "That's a guy who actually stalks me on the Web and once stalked me personally." "I'm saying this...guy's a jerk."
 The Great Depression and the New Deal Eric Rauchway What I'm listening to:  Langley Schools Music Project What I'm watching:  There Will Be Blood What I'm playing:  Speed Racer Order these from Amazon.com at Amazon's normal low prices... and a fraction of your order goes to help support this site. Thanks!
Thanks to Irwin Chusid, public editor.
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Chronicle of the Conspiracy
Join us as we discover, document, expose and challenge the bad people, the bad institutions and the bad ideas that stand in the way of wealth creation -- and show you how to fight back!
Saturday, November 29, 2008
SHOULD BE THE FED, NOT THE TREASURY But this is about the right idea... 
Thanks to Dave Duval.
Posted by Donald L. Luskin at 3:18 PM |
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Friday, November 28, 2008
RETAIL SPENDING SURGES -- AND THEN SOME Hard to believe people could be this anxious to go shopping, especially in a supposed recession:A Wal-Mart employee in suburban New York died after he was trampled by a crush of shoppers who tore down the front doors and thronged into the store early Friday morning, turning the annual rite of post-Thanksgiving bargain hunting into a Hobbesian frenzy.At 4:55 a.m., just five minutes before the doors were set to open, a crowd of 2,000 anxious shoppers started pushing, shoving and piling against the locked sliding glass doors of the Wal-Mart in Valley Stream, N.Y., Nassau County police said. The shoppers broke the doors off their hinges and surged in, toppling a 34-year-old temporary employee, Jdimypai Damour, 34, of Jamaica, Queens, who had been waiting with other workers in the store’s entryway.
People did not stop to help the employee as he lay on the ground, and they pushed against other Wal-Mart workers who were trying to aid Mr. Damour. The crowd kept running into the store even after the police arrived, jostling and pushing officers who were trying to perform CPR, the police said.
“They were like a stampede,” said Nassau Det. Lt. Michael Fleming. “Hundreds of people walked past him, over him or around him.”
Posted by Donald L. Luskin at 5:21 PM |
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Wednesday, November 26, 2008
GIVE THANKS... ...and jog around the block a few times. My SmartMoney.com colleage Jonathan Hoenig:The average American will consume 3,000 calories and 229 grams of fat this Thanksgiving, according to the American Council on Exercise.by a slowing economy and weak stock market. And without denying anybody's hardship, you've got to admit that, if you're going to be poor and suffering anywhere in the world, modern-day America is just about as good as a place and time as any.And while I don't advocate an unhealthy lifestyle, a little gluttony and overindulgence on Thanksgiving has become simply part of the celebration. It's a truly American holiday, one that celebrates not a mystical god or military victory, but abundance and success. Consider the average American will take in more calories in one meal than those in socialist wastelands like Cuba or North Korea will eat over a number of days. I happen to believe that's something we can be proud of.
Of course, many are suffering, even here at home, a reality compounded
Posted by Donald L. Luskin at 10:38 AM |
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Tuesday, November 25, 2008
IS PAUL KRUGMAN STANDING ON A FOOTSTOOL? Or is George W. Bush standing in a hole in the floor? You be the judge.
Thanks to Mark Spahn for the link.
Posted by Donald L. Luskin at 10:30 PM |
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SLAVERY IS AS SLAVERY DOES Walter Williams on how it doesn't matter what words you use to describe charity forced at the point of a gun: it's slavery.
Imagine there's an elderly widow down the street from you. She has neither the strength to mow her lawn nor enough money to hire someone to do it. Here's my question to you, and I'm almost afraid of the answer:Thanks to Jameson Campaigne for the link.Would you support a government mandate that forces one of your neighbors to mow the lady's lawn each week? If he failed to follow the government orders, would you approve of some kind of punishment ranging from house arrest and fines to imprisonment?
...I'm hoping that the average American would condemn such a government mandate because it would be a form of slavery, the forcible use of one person to serve the purposes of another.
Would there be the same condemnation if instead of the government forcing your neighbor to physically mow the widow's lawn, the government forced him to give the lady $40 of his weekly earnings? That way the widow could hire someone to mow her lawn.
I'd say that there is little difference between the mandates. While the mandate's mechanism differs, it is nonetheless the forcible use of one person to serve the purposes of another.
Posted by Donald L. Luskin at 6:51 AM |
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Monday, November 24, 2008
FOR THIS YOU GET THE NOBEL PRIZE IN ECONOMICS? Hard to believe.Posted by Donald L. Luskin at 9:09 AM |
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CAN YOU TOP THIS? My DC-inside friend "Mick Danger" notes that there seems to be a certain game dynmaic developing in the process of developing an economic "stimulus" plan for next year.
Like a crazy game among grade school kids to see who can guess a bigger, more fantastic number, a tall boy named Chuck shouts the loudest...Sen. Charles Schumer, D-N.Y., said Sunday that he thinks the economic stimulus package should be between $500 billion and $700 billion.In an interview with ABC's "This Week," Schumer said, "I believe we need a pretty big package here." He added that Congress is working on getting the economic package to President-elect Barack Obama by Inauguration Day. "I think it has to be deep. In my view, it has to be between $500 and $700 billion, and that's because our economy is in serious, serious trouble."
"It's a little like having a new New Deal, but you have to do it before the Depression. Not after," Schumer added.
Posted by Donald L. Luskin at 8:58 AM |
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