Saturday, February 22, 2020

In the news, Wednesday, February 12, 2020


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FEB 11      INDEX      FEB 13
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from HumanProgress.org
Education Website

As the world entered the turbulent 1960s, two men, half a world apart, one a doctor and the other a classicist, both foreigners far from home, were charged with bringing human progress to their adopted countries. More than half a century later, their principles still drive the policies of those economies today. They held a common objective. Both were determined to create a better world for their people. But their proposed solutions could not have been more different. One, Che Guevara, the well-known Argentinean revolutionary, was the architect of Cuba’s communist economic system. The other, Sir John Cowperthwaite, was born in Britain and is largely unknown today. He was central to Hong Kong’s post-war recovery and to its unique laissez-faire, free-market economic policy. Both were avid students of economics, but whereas Guevara looked to the German historian Karl Marx, Cowperthwaite looked to the Scottish economist Adam Smith.

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from KIVI (ABC Boise, ID)

Coronavirus precautions taken after Ada County man found dead
On Sunday, February 9, the Ada County Coroner’s Office was dispatched to a locked home in the Pierce Park area of north Boise following a welfare check by Boise Police Department officers. Officials found the resident, later identified as 71-year-old Frederick Gilbert, dead inside the home. He had not been seen for several days. “Mr. Gilbert was in advanced stages of decomposition.” Officials learned that Gilbert had recently traveled out of the country and had stayed in both India and China. update: ... additional testing came back Tuesday, February 25 and were negative for COVID-19.

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from Mises Institute
RIGHT-CENTER BIAS, MIXED


The Anticapitalist Front
From the very beginnings of the socialist movement and the endeavors to revive the interventionist policies of the precapitalistic ages, both socialism and interventionism were utterly discredited in the eyes of those conversant with economic theory. But the ideas of the revolutionaries and reformers found approval with the immense majority of ignorant people exclusively driven by the most powerful human passions of envy and hatred. The rising generation is brought up in an environment that is engrossed in socialist ideas.

US Mandatory Spending Projected to Increase Over a Trillion Dollars by 2023
Even if discretionary spending stays flat, total government outlays are estimated to increase by more than $1 trillion, significantly above any measure of tax revenues. And that is without considering a possible recession.

China's Economic Schemes Hurt the Chinese Most of All
n his State of the Union Address—February 4, 2020—President Trump outlined his reasons for punishing nations that manipulate their economies in order to achieve some internal policy goal, such as China. The president claimed that such manipulation was unfair and harmful to its trading partners. His main concern is that by manipulating its economy China "steals" jobs. Like Trump, I want China to stop manipulating its economy. But not for the same reasons Trump does.

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from The Spokesman-Review
Newspaper in Spokane, Washington

Vern Ziegler, founder of Ziggy’s home improvement stores, dies at 84
Vern Ziegler slept with a tape recorder beside his bed and carried it with him nearly everywhere he went. That way, if he woke up in the middle of the night with an idea, or had one while driving down the road in his truck, he could ensure it wouldn’t be lost. Vern Ziegler died on Feb. 6. He was 84.

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