Pro-Union, Crony-Capitalist Thinking Dooms Another Employer - Christopher Westley - Mises Daily

Pro-Union, Crony-Capitalist Thinking Dooms Another Employer - Christopher Westley - Mises Daily: "The trade-off is that the millions of dollars and incentives that go to these firms come from conscripted funds that would otherwise be directed privately in the form of investment or consumption. These unseen effects include investment projects foregone — perhaps in Lawrence County itself — in order to fund the EDO’s redistributive policies. Forcing taxpayers to finance economic development, as opposed to allowing savers to direct their resources to projects they believe will reflect their highest valued use"

"workers and politicians have called for the state to intervene to stop International Paper from shutting down, arguing that if conscripted capital partly financed the Honda plant in Lincoln, why can’t it also save paper jobs in Northwest Alabama? They forget, however, that International Paper does not exist to maximize employment or wages but to satisfy consumer demand, and that corporate graveyards are filled with firms that lost their focus on the latter."

To Save the Submarines, Eliminate ICBMs and Bombers | Cato Institute

To Save the Submarines, Eliminate ICBMs and Bombers | Cato Institute: "The sea leg of the nuclear triad by itself is a more powerful deterrent than that possessed by nearly any other nation in the world. Russia retains a relatively large arsenal, but no other country is capable of deploying more than a few hundred nuclear warheads. A single Ohio-class submarine can carry up to 192."

Supreme Court Teaches Students They're outside Constitution | Cato Institute

Supreme Court Teaches Students They're outside Constitution | Cato Institute: "“On April 22, 2010, the principal of Central High School (in Springfield, Mo.) announced over the public address system that the school was going into ‘lockdown’ and that students were prohibited from leaving their classrooms.

“School officials and agents of the Greene County Sheriff’s Department thereafter ordered students in random classrooms to leave all personal belongings behind and exit the classrooms (despite the previous order). Dogs were also brought in to assist in the raid.

“Upon re-entering the classrooms, students allegedly discovered that their belongings had been rummaged through.”"

"These searches were conducted without any individually cited suspicions of wrongdoing by any of the students"

Republicans' Errors May Lead to Higher Federal Spending | Cato Institute

Republicans' Errors May Lead to Higher Federal Spending | Cato Institute: "The Republicans could have passed a short-term continuing resolution that maintained spending at the lower levels required by sequestration and raised the debt limit temporarily, giving them plenty of time to continue attacking Obamacare in the months leading up to the next showdown.

Instead, the Republicans proposed — and Democrats reluctantly accepted — spending levels that are $20 billion above the sequestration level."

Seattle seizes elderly woman's parking lot to turn it into -- a parking lot | Fox News

Seattle seizes elderly woman's parking lot to turn it into -- a parking lot | Fox News: "”In this case, the city of Seattle is using eminent domain to seize a parking lot, so they can use it as a parking lot,” Morgan said. “There’s no public good in that at all.”  "