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from FEE (Foundation for Economic Education)
RIGHT-CENTER BIAS, HIGH, non-profit organization
Proponents of big-government spending and money-printing tried to downplay April data showing surging consumer prices as just a temporary adjustment. But the new data for May are out now, and they show price inflation shooting up even higher. ... Price inflation sometimes feels like an abstract concept. But here are three ways that the surging consumer prices revealed in this report will hurt everyday Americans. 1. Directly Cutting Your Paycheck; 2. Eroding Your Savings; 3. Stealth Taxation.
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from Hoover Institution
Nonprofit Organization in Stanford, California
Whither The JCPOA With Iran
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from Hoover Institution
Nonprofit Organization in Stanford, California
Whither The JCPOA With Iran
Within the next several weeks the United States and its partners could well agree with Iran for the ‘return’ of the U.S. and Iran to the provisions of the 2015 “Joint Comprehensive Program of Action” or JCPOA regulating Iran’s nuclear programs. Certain outstanding issues within the negotiations and the larger questions related to Iran and its neighborhood, could, however, still derail an agreement; and even with an agreement the larger problem of Iran will remain. In Vienna, as part of the informal “P5+1 group, the United States is negotiating a return to the provisions of the JCPOA agreed to in 2015 between the P5+1 and Iran. (The P5+1 or “P3+3” consists of the five UN Security Council permanent member states U.S., UK, France, Russia, China, plus Germany and the EU foreign policy chief). President Trump pulled the United States out of the JCPOA in 2018. Aside from unimportant administrative measures, this ‘pulling out’ in practice consisted of lifting the waivers which the Obama administration, as specified in the JCPOA, granted to stop the effect of sanctions on Iran for its nuclear program. Trump felt the JCPOA time limits on Iran’s activities were too short, and raised various other issues inside and outside the JCPOA. His intent was to pressure Iran to negotiate a better deal - which did not happen - but also to put pressure on the Iranian economy through sanctions in order to limit its regional adventurism. That had some effect.
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from Mises Institute
RIGHT-CENTER BIAS, MIXED
Is the Subjectivist Theory of Value Ideological?
RIGHT-CENTER BIAS, MIXED
Is the Subjectivist Theory of Value Ideological?
When the subjective theory was formulated in the 1870s by Carl Menger, William Stanley Jevons, and Léon Walras, it suffered from a defect. This defect gave socialists help in making their case. It wasn’t until Mises himself that this defect was remedied; this took place after World War I, when Mises developed his famous calculation argument against socialism. The fact that the subjective theory was around for fifty years while it retained the help it gave socialism is strong evidence that the theory wasn’t devised as a defense of capitalism. Mises made a major advance in the subjective theory by bringing out the full implications of the fact that preferences are purely ordinal. You can prefer vanilla to chocolate ice cream, for example; but you can’t say how much you prefer one to the other. Intensive magnitudes can’t be measured. Calculation can only take place using money prices, and without calculation, there is no means of telling whether production goods with alternative uses are being allocated in a way that best satisfies the consumers. Further, without economic calculation, you could not "show how much one is free to consume without impairing the future capacity to produce. It is with regard to this problem that the fundamental notions of economic calculation—capital and income, profit and loss, spending and saving, cost and yield—are developed."
Texas governor Greg Abbott yesterday announced that the State will build its own border wall and will jail anyone "who enters our state illegally and is found trespassing, engaged in vandalism, criminal mischief, or smuggling," Moreover, Abbott announced plans to pursue an interstate compact with Arizona for purposes of border control. This new move is just the latest in an ongoing contest over whether state governments have any authority over border control and control over the flow of migrants.
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from NBC News (& affiliates)
LEFT-CENTER BIAS
Putin told NBC's Keir Simmons that accusations that he is a "killer" are "Hollywood macho."
Russian President Vladimir Putin, in an exclusive interview Friday with NBC News, called former President Donald Trump a "colorful individual" and said he can work with President Joe Biden.________
from The Spokesman-Review
Newspaper in Spokane, Washington
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