Friday, July 2, 2021

In the news, Wednesday, June 23, 2021


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JUN 22      INDEX      JUN 24
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from Hoover Institution
Nonprofit Organization in Stanford, California

In war, the moral is to the physical as three is to one. The American military, the most powerful martial force in the world, has consistently preached and followed that dictum. In 2017, Secretary of Defense Jim Mattis declared that the fundamental criterion by which to judge key actions in the Department of Defense was clear: Does the action enhance the lethality of the force? Inside the military, however, another criterion has taken central booking: diversity. The focus has shifted toward emphasizing gender and racial equality, particularly in leadership positions. Diversity has replaced lethality as the lodestone for the military. “It’s all about war-fighting readiness,” Chief of Naval Personnel Vice Admiral John Nowell Jr. said. “We know that diverse teams that are led inclusively will perform better.”

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from Mises Institute
RIGHT-CENTER BIAS, MIXED


An increase in the supply of money does not necessarily cause the boom-bust cycle. It is only when more money is created out of nothing that the cycle begins.

The creation and enforcement of fiat money enables larger and more centralized government. Large government programs become possible that were not possible or sustainable under a market-chosen, sound money standard.

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from The Spokesman-Review
Newspaper in Spokane, Washington

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