The Myth of Japan's Lost Decades - Kel Kelly - Mises Daily

The Myth of Japan's Lost Decades - Kel Kelly - Mises Daily: "The misleading measurement of growth in question is GDP growth, because it is practically the sole indicator used by professionals to assess economic output. The problem is that GDP is in fact not a measure of real, physical production of goods and services, as it is intended to be. It is primarily a measure of inflation, which it is not intended to be."

"prices can rise overall throughout an economy only if the quantity of money in the economy increases faster than the quantity of goods and services."

Not Just the Size of the Debt | Michael D. Tanner | Cato Institute: Commentary

Not Just the Size of the Debt | Michael D. Tanner | Cato Institute: Commentary: "In 2008, the Congressional Budget Office reported that in order to simply pay for spending that was locked in at that time, we would have to raise both the corporate tax rate and the top individual tax rate from their current level of 35 percent to 88 percent, raise the 25 percent tax rate for middle-income workers to 63 percent, and raise the 10 percent rate for low-income Americans to 25 percent. That was before Obamacare and the post-2008 spending binge."

Taxing the rich won't fix the problem.

Florida's Vocational Deregulation | Robert A. Levy | Cato Institute: Commentary

Florida's Vocational Deregulation | Robert A. Levy | Cato Institute: Commentary: "Government has no business enacting arbitrary regulations to protect the profits of a closed fraternity of privileged companies — especially when the effect is higher prices, narrower choices, and fewer new firms started by emergent entrepreneurs."

Campaign For Liberty — Nullifying the Drug War �� by Jacob Hornberger

Campaign For Liberty — Nullifying the Drug War by Jacob Hornberger: "After both sides have rested in a civil suit, the judge has the power to enter what is called an 'instructed verdict.'He does that if there are no facts in dispute. Since there is nothing for the jury to determine, given that both sides agree on the facts, the judge can dismiss the jury and enter judgment for the side he believes should prevail on the law.

Not so, however, with a criminal case. Even if all the facts are agreed upon -- even if the defendant openly confesses on the witness stand to having committed the offense -- the judge lacks the power to dismiss the jury and summarily enter judgment for the state. The judge must nonetheless send the case to the jury because the jury is the final judge of not only the facts but also the law. It has the power to acquit the defendant even if the evidence conclusively establishes that the defendant has committed the offense."