Woman Arrested With Gun On American Airlines Plane | Fox News

Woman Arrested With Gun On American Airlines Plane | Fox News: 'The Transportation Security Administration, which operates airport security checkpoints, says that screeners detected a gun in the woman's carry-on bag, but she left the checkpoint before giving up the gun.'

What a pathetic joke! They didn't stop her or the plane?!!!

Labor Economics with Walter Block - Walter Block - Mises Daily

Labor Economics with Walter Block - Walter Block - Mises Daily: 'the entrepreneur, the residual-income claimant, brings three things to the table that workers greatly value. First, he bears risk. If the items produced by the workers cooperatives do not sell, they are plumb out of luck; in contrast, if what the worker produces for the capitalist is rejected by the consumer, the capitalist may not come to the workers and demand back the wages already paid. Second, the much reviled businessman offers time, in the form of capital goods. If 100 workers band together in a syndicalist venture, and the product will not come off the assembly line for a year, they must feed and clothe themselves for this entire duration. As well, they must have among them enough savings to purchase the machinery, the raw materials, and the marketing services necessary for a final sale. In contrast, the entrepreneur provides all this to the workers, who, all too often, do not appreciate his efforts on their (and of course his) behalf. Third, the owner of the business firm provides leadership, in setting up the entire enterprise.'

'Why do we have unemployment? One major source is when wages are pegged at higher rates than productivity. Minimum-wage laws and union legislation are responsible for this situation. Another cause of unemployment is unemployment insurance. The more you pay for something, the more of it you will have. If you subsidize unemployment, its rate will rise. Yet another cause of it is the Fed, Ron Paul's favorite institution. By artificially lowering interest rates to virtually zero levels, this central bank leads entrepreneurs to invest in excessively roundabout methods of production for items that take a long time to produce (houses, cars, mines, etc.).'

The Most Important Secret of a Prosperous Economy | Jim Powell | Cato Institute: Commentary

The Most Important Secret of a Prosperous Economy | Jim Powell | Cato Institute: Commentary: 'Nobody could have predicted that these and countless other people would come up with improvements that helped the economy prosper. If inventing had been restricted only to individuals with political connections or individuals whom so-called experts considered worthy, there would have been far fewer people trying to make improvements. The number and value of improvements would have gone down, particularly improvements from unforeseen sources. Improvements would have come later — or not at all. Quite a few important inventions, common in one part of the world, were unknown elsewhere for centuries.

Economies prosper when multitudes of ordinary people are motivated to make improvements. This is because information and insights needed to make an economy prosper are widely dispersed. There's far more than could ever be centralized, validated and updated in a place like the federal government. The most reliable way to motivate people? Harness their self-interest: let them try making a profit by starting a business based on their information and insights. Government can best promote prosperity by, among other things, maintaining equal rights, low taxes, free trade, sound money, predictable laws and protection against force and fraud. Government should let consumers render their verdicts in open markets — no subsidies, special favors or bailouts.'

Now's the Time to Start Cutting Wasteful Government Programs | Doug Bandow | Cato Institute: Commentary

Now's the Time to Start Cutting Wasteful Government Programs | Doug Bandow | Cato Institute: Commentary: 'If they won't get rid of ridiculous programs like these, they won't take on serious programs like Social Security and the Pentagon. And if they won't do that, then Uncle Sam might as well start filling out his papers to declare bankruptcy.'

Tale of Two Small Countries | Richard W. Rahn | Cato Institute: Commentary

Tale of Two Small Countries | Richard W. Rahn | Cato Institute: Commentary: 'Back in the early 1970s, Cayman was as poor on a per capita basis as is Belize today. Both countries had ambitions to be tourist and financial centers. Cayman succeeded and has about six times the real per capita income of Belize. What did Cayman do right and Belize do wrong?

Perhaps most important is that Cayman had and maintained a competent and honest judicial system, which gave foreign investors confidence that their property would be protected. Cayman also has a very low crime rate. Tourists and other visitors walk around freely day or night in Cayman without fear.'

'There is no reason any country has to remain poor. Countries are not poor because of climate, lack of natural resources or race. Countries as locationally varied as Singapore, Mauritius, Korea, Chile, Estonia and Cayman have become relatively rich over the past few decades. Those countries that are still relatively poor are poor because they have not put in place the necessary institutions, political structures and policies.'

Doing Your Own Thing - Ben O'Neill - Mises Daily

Doing Your Own Thing - Ben O'Neill - Mises Daily: 'Are we to be free from coercion by others — from violent interference with our bodies and our property? Are we to be free from being physically restrained or molested when we try to "do our own thing"? Or are we to be free from the adverse consequences of our actions? Even from adverse judgments by others?'

'if a person is to be free from the adverse consequences of their own actions, then this means that others must be forced to shield them from these consequences — they must be forced to contribute their resources and services to those who are "doing their own thing." But what if those others desire to keep their own property and use it for themselves and their loved ones — what if that is them "doing their own thing"? Who's "own thing" is to prevail?'

What Happened to the GOP's Free-Market Principles? | David Boaz | Cato Institute: Commentary

What Happened to the GOP's Free-Market Principles? | David Boaz | Cato Institute: Commentary: 'In a growing economy, companies succeed and fail every day. Technology changes. Consumer tastes change. New competitors offer a better product or a better price. Raw materials or labor becomes too expensive. Some companies just aren’t viable, and some investments turn out to have been mistaken.

That’s what the “creative destruction” of a market economy is all about. Companies constantly seek to serve consumers better. And often one company’s success means that other companies fail. Manufacturers of obsolete products often go out of business. Jobs and investments are lost, but what’s the alternative? Should we be keeping the firms that once made horse-drawn buggies, gramophones, and slide rules in business? No, we understand that the process of economic change makes us all better off, even though there can be short-term pain for the owners and employees of failed firms.

Republicans are supposed to know all this. That’s why they proclaim their devotion to free markets and oppose industrial policy, government subsidies, bailouts, and other schemes to override the market process and keep current firms in business even when they’re no longer meeting consumers’ needs.'

'We’d never get new companies like Staples, Domino’s, Bright Horizons, and Sports Authority — companies that Romney helped fund and nurture at Bain Capital — if investment capital was locked into existing companies.

And sometimes, as the movie “Other People’s Money” demonstrated, it takes a “predatory corporate raider” to go in and shake up a company, moving the land, labor, and capital to places where they can be more productive.'

Drug Mayhem Moves South | Ted Galen Carpenter | Cato Institute: Commentary

Drug Mayhem Moves South | Ted Galen Carpenter | Cato Institute: Commentary: 'The primary reason the cartels are so powerful both in Mexico and Central America has to do with the fundamental principles of economics. There is a huge demand for drugs, especially in the United States but also in Europe and, increasingly, in other portions of the world. When such a robust demand for a product exists, it is an economic certainty that profit-seeking entities will try to fulfill that demand. Prohibiting commerce of a product does not negate that dynamic; it merely perverts it. Instead of legitimate businesses engaging in lawful competition, the trade falls into the hands of elements that don’t mind breaking the law and assuming all the other risks entailed in operating in a black market. Often, that means the most ruthless, violent individuals and organizations come to dominate the trade.'

State almost caught up on concealed carry permits - 1330 WHBL Sheboygan's News Radio

State almost caught up on concealed carry permits - 1330 WHBL Sheboygan's News Radio: About 71,000 people have applied for permits since the concealed carry law took effect November first.

That is about 1.6% of the adult population! That already puts us 1/3 the way up the list by license rate (of an old list).

Is Further Intervention a Cure for Prior Intervention? - Percy L. Greaves, Jr. - Mises Daily

Is Further Intervention a Cure for Prior Intervention? - Percy L. Greaves, Jr. - Mises Daily: 'In the United States, an example of this trend is clearly seen in the demand arising from some employers and their associations for the individual states to enact so-called right-to-work laws. The proposed laws would outlaw all employment contracts which specify that all employees must pay dues to the union chosen by the majority of an employer's employees in a government supervised election. Such contracts, even though they represent the free and voluntary wishes of the employers and the employees concerned, would be declared to be against public policy and therefore illegal. A growing number of employers believe that such laws will bring about a better balance of the scales in the "class warfare" supposedly going on between "labor" and management. This would seem to indicate that many present-day employers have neither faith in freedom nor an understanding of the economic principles which reveal that a free market is the most efficient means that free, peaceful, and intelligent men can use for the advancement of individual men as well as the general welfare.'