Distinction Matter - Subscribed Feeds

  1. Site: Fr Hunwicke's Mutual Enrichment
    0 sec ago
    Since the Council, an idea has been spreading that Judaism is not superseded by the New Covenant of Jesus Christ; that Jews still have available to them the Covenant of the old Law, by which they can be saved. It is therefore unnecessary for them to turn to Christ; unnecessary for anybody to convert them to faith in Christ. Indeed, attempting to do so is an act of aggression not dissimilar to theFr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com11
  2. Site: Fr Hunwicke's Mutual Enrichment
    0 sec ago
    S Paul loved his fellow Jews, his 'kinsmen' and believed "the gifts and call of God are irrevocable". He believed that at the End, those among them who had rejected Christ would be brought in to the chosen people. He believed that they were like olive branches which had been cut off so that the Gentiles, wild olive branches, could be grafted in. But, when the fulness of the Gentiles had entered Fr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com3
  3. Site: Fr Hunwicke's Mutual Enrichment
    0 sec ago
    Lex orandi lex credendi. I have been examining the Two Covenant Dogma: the fashionable error that God's First Covenant, with the Jews, is still fully and salvifically valid, so that the call to saving faith in Christ Jesus is not made to them. The 'New' Covenant, it is claimed, is now only for Gentiles. I want to draw attention at this point to the witness of the post-Conciliar Magisterium of theFr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com13
  4. Site: Fr Hunwicke's Mutual Enrichment
    0 sec ago
    We have seen that the Two Covenant Theory, the idea that Jewry alone is guaranteed Salvation without any need to convert to Christ, is repugnant to Scripture, to the Fathers, even to the post-Conciliar liturgy of the Catholic Church. It is also subversive of the basic grammar of the relationship between the Old and the New Testaments. Throughout  two millennia, in Scripture, in Liturgy, in her Fr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com7
  5. Site: Fr Hunwicke's Mutual Enrichment
    0 sec ago
    The sort of people who would violently reject the points I am making are the sort of people who would not be impressed by the the Council of Florence. So I am going to confine myself to the Magisterium from the time of Pius XII ... since it is increasingly coming to be realised that the continuum of processes which we associate with the Conciliar and post-Conciliar period was already in operationFr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com0
  6. Site: Fr Hunwicke's Mutual Enrichment
    0 sec ago
    In 1980, addressing a Jewish gathering in Germany, B John Paul II said (I extract this from a long sentence): " ... dialogue; that is, the meeting between the people of the Old Covenant (never revoked by God, cf Romans 11:29) and that of the New Covenant, is at the same time ..." In 2013, Pope Francis, in the course of his Apostolic Exhortation Evangelii gaudium, also referred to the Old Fr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com10
  7. Site: Gloria.tv
    5 hours 11 min ago
    Author: DefendTruth
    (ANS - Vatican City) - On the occasion of the Special Synod for the Amazon called by Pope Francis, the exhibition "Mater Amazonia - The deep breath of the world" has been set up at the Vatican's Ethnological Museum "Anima Mundi" (Vatican Museums). The inauguration is scheduled for October 18th and it will be possible to visit the exhibition until 11 January 2020.
    This is an important collaboration between the Consolata Missionary Institute and the Salesians of Don Bosco. The two Congregations participated through the loan of objects from the collections of the two respective museums: the "Missioni Consolata" Ethnographic and Natural Sciences Museum of Turin and the Ethnological Missionary Museum of Colle Don Bosco.
    According to the scientific project outlined by Elisabetta Gatto, anthropologist, three themes were chosen to best narrate the environment and the populations of the Amazon: the river, the forest and the "maloca", or the community house.
    Objects from the two museum collections that best represente…
  8. Site: Gloria.tv
    5 hours 11 min ago
    Author: en.news
    The Amazon Synod's delegates are discussing abolishing priestly celibacy „more than I would have excepted,“ Munich Cardinal Marx told journalists in Berlin (Katholisch.de, October 16).
    Marx insisted that mariage-priests [who contradict the Gospel] and [invalid] female deacons are “not only” wanted by the Germans but also by “many” Latin American prelates.
    Retired Bishop Erwin Kräutler who calls baptism a "symbol of colonialism," recently estimated that two-third of the Synod's bishops want to abolish celibacy.
    This is no surprise as these bishops were chosen among the Church's most anti-Catholic and uneducated prelates. At the Synod, about a dozen of the 185 bishops spoke in defence of celibacy.
  9. Site: Gloria.tv
    5 hours 24 min ago
    Author: en.news
    A group of priests, sisters and lay-people held hands or stood arm in arm around a blanket on which earth, food for an idol, scarves and candles were placed.
    This happened in the now infamous Santa Maria in Traspontina church near the Vatican (video below by Twitter-user Eager Monk, October 18) and was part of a Candomblé ("dance in honour of the gods"), a relict from Afro-Brazilian pagan superstition.
    Among the worshippers who turned their backs to the tabernacle, was the lesbian Emilie Smith. A woman repeated the text, pregnant with meaning: “To be only now, and always be one, to be all in each one, to be one.”
    At another kindergarten event caught on camera, a group of alleged adults lifted up a tray and sang in Portuguese with the help of a rattle: "Everything is connected in this our common home."
    #newsHmbolmedxr
  10. Site: Gloria.tv
    5 hours 30 min ago
    Author: Tesa
    A former victim of a syncretistic religious ceremony in Brazil warns, “The Church must be very clear about the occult influences that f...
  11. Site: LifeNews
    5 hours 33 min ago
    Author: Kyle Drennen

    On Friday, CBS This Morning was fearful of pro-life legislation passed in Louisiana that would require abortion doctors have admitting privileges to hospitals. The coverage sounded the alarm about the move potentially “regulating abortion out of existence” in the state and fretted over the upcoming Supreme Court decision that would determine whether the new law violated Roe v. Wade.

    “CBS News has learned that Louisiana could become the first state in the country without access to abortion as soon as next year,” co-host Gayle King proclaimed at the top of the segment. She then explained how the fate of the state’s abortion industry was in the hands of the high court: “The Supreme Court will consider a challenge to Louisiana’s so-called Unsafe Abortion Protection Act. The decision could end abortion services at Louisiana’s last remaining clinics.”

    Click here to sign up for pro-life news alerts from LifeNews.com

    Turning to correspondent Kate Smith, King worried: “So if abortion is federally protected, how is this possible?” Smith explained:

    So, Roe v. Wade legalizes abortion, but it leaves a lot of room for states to regulate the procedure. And how far a state can go is exactly what the Supreme Court will be considering next year. In Louisiana, the law would require doctors to get permission from hospitals to admit their patients in case of an emergency in order to perform abortions. But local clinics, they told us that most hospitals don’t grant abortion doctors that permission.

    After playing a sympathetic exchange with abortion clinic administrator Kathleen Pittman, Smith warned: “If Louisiana is successful in effectively regulating abortion out of existence, it could provide a road map for other anti-abortion states to follow.”

    Co-host Tony Dokoupil congratulated Smith on her “great reporting” and promised viewers that she would “stay on the issue.”

    Smith has essentially become the network’s abortion correspondent. Earlier in the month, she appeared on the morning show to promote the opening of a “ginormous” Planned Parenthood clinic in Illinois. King wondered if the facility was “getting a lot of business.”

    LifeNews.com Note: Kyle Drennen is an MRC News Analyst and a graduate of Providence College with a Bachelor of Arts degree in History and Political Science. This was originally posted on the Media Research Center blog NewsBusters.
  12. Site: Zero Hedge
    5 hours 38 min ago
    Author: Tyler Durden
    Now Even Sex Robots Have Rights...?

    Authored by Simon Black via SovereignMan.com,

    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances and your prosperity.

    Singapore officially bans ‘fake’ news

    Singapore is great for a lot of things– banking, business, trade, etc. But it ranks rather poorly for civil liberties.

    Case in point: a new law intended to stop fake news came into effect in Singapore this month; the law will force social media platforms to remove any content that’s deemed contrary to the government’s opinion.

    Singapore defines fake news as anything that is disruptive to the “tranquility of the nation”, and to that of its friendly allies. And failure to comply with the law can now land you in prison for ten years.

    You can read the full article by clicking here.

    China’s “Study the Great Nation” app spies on its users 

    Speaking of information control, Chinese authoritarianism just got even worse.

    China’s government recently released an app called “Study the Great Nation”, which pushes government-sponsored news and information to Chinese citizens.

    It also features quizzes to learn about President Xi Jinping.

    The Chinese government has not only promoted the app, but made it mandatory for government workers to sign in and use the app daily. 

    Some corporations are requiring this as well of their own employees.

    And now a German cybersecurity company discovered the app has a back door, enabling Chinese authorities to spy on the app’s 100 million users.

    Should we be surprised?

    Click here for the full story

    Ontario dentist loses his license after treating his wife 

    In the Canadian province of Ontario, it’s considered professional misconduct if a dentist has “sexually abused a patient.”

    According to the Regulated Health Professions Act, sexual abuse includes any sexual intercourse or other types of sexual relations.

    Consent is irrelevant. Any sexual contact is considered abuse. But the strange thing here is that the definition of ‘patient’ includes a spouse.

    So when an Ontario dentist treated his wife’s teeth, he was stripped of his license to practice (the government obviously assumed that the dentist and his wife are sexually active…)

    This is another blatant example of how stupid, outdated regulations cripple small business owners.

    You can read the full story by clicking here.

    Sex robots have rights too… 

    And speaking of sexual consent… take a deep breath.

    Last month a pair of university professors published a paper advocating for ‘virtual sex robots’ who should have to provide consent before engaging in intimate acts with their owners.

    I’ll pause for a moment, because you might be thinking, ‘What? Sex robots?’ Yes. That’s a thing. Brave new world, I know.

    But what’s also a thing is ultra-woke university professors who believe that the world’s most critical challenges include the rights of sex robots.

    In their paper, the professors suggest that sex robots should be equipped with a “consent-module”, so that a robot could refuse sex, you know, in case it has a headache.

    They further suggest that this approach could “support the cultivation of compassion when used in supervised, therapeutic scenarios.”

    I can only imagine the thrill of robot sex under the watchful supervision of bureaucrats and academics…

    You can read the full story by clicking here.

    Tyler Durden Fri, 10/18/2019 - 17:05
  13. Site: LifeSite News
    5 hours 56 min ago
    The UK man warns that mental hospitals will be 'full' with many who realize they made a big mistake.
  14. Site: Zero Hedge
    5 hours 58 min ago
    Author: Tyler Durden
    Complicated Web Of Payments Behind Hunter Biden's $700K Ukraine, China Dealings Untangled

    For months it has been reported, here and elsewhere, that Hunter Biden 'made $50,000 per month sitting on the board Ukrainian gas giant Burisma.' 

    The truth behind payments to Biden is much more complicated, as revealed by the Daily Caller's Andrew Kerr who reviewed bank records submitted in an unrelated criminal case involving Biden's friend and business partner, Devon Archer in which Archer was found guilty of defrauding an American Indian Tribe (a conviction which was later overturned). 

    So - Burisma did not directly pay Hunter, although the firm's chairman, Alan Apter told the Wall Street Journal in 2014 that Biden (and Archer) would receive a salary for their independent directorship.

    The entity which actually paid the younger Biden was New York-based capital management company Rosemont Seneca Bohai - owned and controlled by Archer. According to the Caller, "in each month between June 2014 and October 2015, Rosemont Seneca Bohai wired between $10,000 and $150,979 to Hunter Biden for undisclosed purposes," which totaled $708,302

    During the same time period, Burisma paid Rosemont Seneca Bohai $3.15 million for an unknown purpose while Hunter and Archer sat on the board (alongside career CIA spook Joseph Cofer Black - Sen. Mitt Romney's (R-UT) 2012 pick for national security adviser in his failed presidential run against Barack Obama.).

    It should also be noted that Hunter's father, Joe Biden, used his position as then-Vice President to pressure Ukraine into firing their top prosecutor, who was leading a wide-ranging investigation into Burisma and its owner. 

    Further complicating matters is that Burisma was just one of more than 30 entities and individuals who wired approximately $30 million to Rosemont Seneca Bohai in 2014 and 2015. 

    The China connection

    Over the 17-month period that Hunter made the $708,302, Rosemont Seneca Bohai took a 20% stake in Bohai Harvest RST (BHR)- a Chinese private equity firm with close ties to the Bank of China that Hunter Biden has sat on the board of since inception in 2013, and has vowed to resign from by the end of October. 

    This is where the $1.5 billion billion figure comes from; the amount BHR aimed to raise in 2014 - which was announced two weeks after Joe and Hunter Biden flew to China together on Air Force Two

    It gets even more complicated...

    Just four months prior, in February 2015, Archer’s associate, investment banker Dan McClory, said he, Archer and BHR Partners CEO Jonathan Li, were pictured meeting with a leader of the Chinese State Assets Commission (SASAC), which as of 2017 managed $26 trillion in Chinese state assets.

    “Group shot with the Director General of Chinese State Assets Commission. He’s the short guy at center,” McClory emailed his associates after the meeting. “Sasac is the largest controlling shareholder in the world … I brought them to BHR. Jonathan Li of BHR is third from right.”

    Fun times in Beijing,” McClory added. “Devon was stellar.”

    McClory’s email was received as evidence in Archer’s trial. A witness testified that Archer was the individual third from the left in the photo attached to McClory’s email.

    Rosemont Seneca Bohai held onto its 20% equity in BHR Partners until October 2017 when its stake was split in half between two companies, according to Chinese business records. One of the entities that took a portion of Rosemont Seneca Bohai’s equity in BHR Partners was Skaneateles LLC, where Hunter Biden is one of two co-directors, according to business records.

    Skaneateles still holds its 10% equity stake in BHR Partners, according to Chinese business records. The other director of Skaneateles is Eric Schwerin, a longtime business partner of Hunter Biden.

    On the same day Skaneateles obtained equity in BHR Partners, Schwerin was appointed as supervisor of BHR Partners, a role that grants him the power to oversee the firm’s financial affairs. Schwerin still holds the role of supervisor of BHR Partners, according to Chinese business records.

    Hunter Biden announced Sunday that he would resign his position on the board of BHR Partners, but he did not say whether Skaneateles would divest its equity stake in the firm, nor did he say whether Schwerin would step down as the firm’s supervisor.

    BHR Partners currently manages the equivalent of $2.1 billion in assets and boasts having the support of the Bank of China, according to its website. -Daily Caller

    Read the rest of Kerr's report untangling the complicated Biden business ties here

    Tyler Durden Fri, 10/18/2019 - 16:45 Tags Business Finance
  15. Site: LifeNews
    6 hours 6 min ago
    Author: Steven Ertelt

    An abortionist apparently pulled a gun and aimed it at a pro-life advocate protesting abortion outside his Phoenix, Arizona abortion center.

    Ronald Yunis reportedly pulled out his firearm and pointed the deadly weapon at Elvis Kesto, a local pro-life advocate who has been helping save babies outside the abortion facility for some time.

    Apologia Church organize the pro-life demonstration last week, October 10, at the Acacia Women’s Center and posted video of what happened. The incident reportedly occurred around 11:00 a.m. as Yunis left the abortion facility.

    Kesto walked over to hand information to Yunis, who was in his vehicle, and Yunis, from inside his Tesla, pulled out the firearm.

    According to the pro-life advocates present, the Phoenix Police Department did not respond to the witnesses and to the video a week after the police report was filed. They are now asking pro-life people to contact the Phoenix police department to secure a response.

    “They were called again. They still won’t. You are now a witness to the crime. Please, join us in contacting the #PhoenixPolice and demanding the arrest of Ronald Yunis. This is a serious injustice that needs to be addressed. You can help us,” they said.

    Click Like if you are pro-life to like the LifeNews Facebook page!

    (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.10"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));

    LifeNews.com

    Here’s more:

    At around 10 a.m. Thursday, police officers entered the Acacia Women’s Center, where they briefly questioned Yunis, though they ultimately opted not to make an arrest. The issue at the time, according to footage of Officer Bobby Madeira speaking with Kesto, was there was no “independent witness” to corroborate whether Yunis was, in fact, brandishing a gun.

    Jeff Durbin, pastor of Apologia, argued in the video published online that, had a pro-life demonstrator pointed a weapon toward an abortion provider, it would only be “maybe a couple of hours before action was taken to put one of us in handcuffs, rightly so.”

    While Apologia has expressed concern over what they have deemed as inaction by law enforcement officials, Detective Luis Samudio said in an email to Faithwire on Friday that the pro-life group’s framing of the issue is “not accurate.

    “This incident is currently being investigated,” he said. “Phoenix Police did initiate an investigation, detectives are currently investigating the incident. Because an arrest was not made on the day of the incident, it doesn’t mean an investigation was not being conducted.”

    On Friday afternoon, Sgt. Sean Burton informed Apologia a detective had been assigned to look into the claim against Yunis.

  16. Site: Zero Hedge
    6 hours 18 min ago
    Author: Tyler Durden
    Welcome To The USSR: The United States Of Suppression And Repression

    Authored by Charles Hugh Smith via OfTwoMinds blog,

    We're all against "fake news," right? Until your content is deemed "fake news" in a "fake news" indictment without any evidence, trial or recourse.

    When propaganda is cleverly engineered, people don't even recognize it as propaganda: welcome to the USSR, the United States of Suppression and Repression. The propaganda in the U.S. has reached such a high state that the majority of people accept it as "pravda" (truth), even as their limbic system's BS detector is sensing there is a great disturbance in the Force.

    Inflation is a good example. The official (i.e. propaganda) inflation rate is increasingly detached from the real-world declines in the purchasing power of the bottom 80%, yet the jabbering talking heads on TV repeat the "low inflation" story with such conviction that the dissonance between the "official narrative" and the real world must be "our fault"--a classic technique of brainwashing.

    To give some examples: healthcare is over 18% of the nation's GDP, yet it makes up only 8.7% of the Consumer price Index. Hundreds of thousands of families have to declare bankruptcy as a result of crushing healthcare bills, but on the CPI components chart, it's a tiny little sliver just a bit more than recreation (5.7%).

    Then there's education, which includes the $1.4 trillion borrowed by student debt-serfs--which is only part of the tsunami of cash gushing into the coffers of the higher-education cartel. Yet education & communication (which presumably includes the Internet / mobile telephone service cartel's soaring prices) is another tiny sliver of the CPI, just 6.6%, a bit more than fun-and-games recreation.

    As for housing costs, former Soviet apparatchiks must be high-fiving the Federal agencies for their inventive confusion of reality with magical made-up "statistics." To estimate housing costs, the federal agency in charge of ginning up a low inflation number asks homeowners to guess what their house would rent for, were it being rented--what's known as equivalent rent.

    Wait a minute--don't we have actual sales data for houses, and actual rent data? Yes we do, but those are verboten because they reflect skyrocketing inflation in housing costs, which is not allowed. So we use some fake guessing-game numbers, and the corporate media dutifully delivers the "pravda" that inflation is 1.6% annually--basically signal noise, while in the real world (as measured by the Chapwood Index) is running between 9% and 13% annually. How the Chapwood Index is calculated)

    As the dissonance between the real world experienced by the citizenry and what they're told is "pravda" by the media reaches extremes, the media is forced to double-down on the propaganda, shouting down, marginalizing, discrediting, demonetizing and suppressing dissenters via character assassination, following the old Soviet script to a tee.

    (Clearly, the CIA's agitprop sector mastered the Soviet templates and has been applying what they learned to the domestic populace. By all means, start by brainwashing the home audience so they don't catch on that the "news" is a Truman Show simulation.)

    In 2014, Peter Pomerantsev, a British journalist born in the Soviet Union, published Nothing Is True and Everything Is Possible: The Surreal Heart of the New Russia which drew on his years working in Russian television to describe a society in giddy, hysterical flight from enlightenment empiricism. He wrote of how state-controlled Russian broadcasting “became ever more twisted, the need to incite panic and fear ever more urgent; rationality was tuned out, and Kremlin-friendly cults and hatemongers were put on prime time.”

    Now, he’s written a penetrating follow-up, This Is Not Propaganda: Adventures in the War Against Reality that is partly an effort to make sense of how the disorienting phenomena he observed in Russia went global. The child of exiled Soviet dissidents, Pomerantsev juxtaposes his family’s story — unfolding at a time when ideas, art and information seemed to challenge tyranny — with a present in which truth scarcely appears to matter.

    “During glasnost, it seemed that the truth would set everybody free,” he writes. “Facts seemed possessed of power; dictators seemed so afraid of facts that they suppressed them. But something has gone drastically wrong: We have access to more information and evidence than ever, but facts seem to have lost their power.”

    (source)

    "Facts" are a funny thing when the data sources and massaging of that data are all purposefully opaque. Again, inflation is a lived-world example of how "official facts" are clearly massaged to support an essential narrative--that inflation is so low it's basically signal noise, while in the real world it has impoverished the bottom 95% to a startling (but unmentionable) degree.

    This is the reality as inflation has eaten up wages' purchasing power: Families Go Deep in Debt to Stay in the Middle Class Wages stalled but costs haven’t, so people increasingly rent or finance what their parents might have owned outright Median household income in the U.S. was $61,372 at the end of 2017, according to the Census Bureau. When inflation is taken into account, that is just above the 1999 level.

    We're all against "fake news," right? Until your content is deemed "fake news" in a "fake news" indictment without any evidence, trial or recourse. This is what happened to this site in the bogus PropOrNot propaganda campaign of 2016, in which every alternative-media website that questioned the "approved narratives" was labeled "fake news" in a classic propaganda trick of labeling dissenters as propagandists to misdirect the citizenry from the actual propaganda (PropOrNot), which by the way was heavily promoted on page one by Jeff Bezos' propaganda mouthpiece, The washington Post. (Who's your daddy, WP "journalists"?)

    Meanwhile, back in reality, the primary source of data here on oftwominds.com is 1) the Federal Reserve data base (FRED) 2) IRS data and 3) content and charts posted by the cream of the U.S. corporate media Foreign Affairs, Wall Street Journal and the New York Times.

    Fake news, indeed. Those individuals who support the "approved narratives" and orthodoxies win gold stars, and so virtue-signaling is now the nation's most passionate hobby. (Shades of the Stasi...)

    In the wake of the 1976 Church Committee revelations on the institutional lawlessness and corruption of the FBI and CIA, the idea that former CIA propagandists and spy masters would be on TV as "commentators" would have been laughed off as a bad joke. Yet here are Clapper, Brennan et al, the "most likely to lie, obfuscate, rendition and propagandize" individuals in the nation welcomed as "experts" who we should all accept as trustworthy Big Brother. (Ahem)

    What if every employee in the corporate media who was paid (or coerced) by the FBI, NSA, CIA etc. had to wear a large colorful badge that read, "owned by the FBI/CIA"? Would that change our view of the validity of the "approved narratives"?

    Welcome to the USSR: the United States of Suppression and Repression, where your views are welcome as long as they parrot "approved narratives" and the corporate-state's orthodoxies. "Facts" are only welcome if they lend credence to the "approved narratives" and orthodoxies.

    For example, corporate earnings are rising. Never mind estimates were slashed, that was buried in footnotes a month ago. What matters is Corporate America will once again "beat estimates" by a penny, or a nickel, or gasp, oh the wonderment, by a dime, on earnings that were slashed by a dollar when "nobody was looking." Meanwhile, back in reality, the bottom 95% have been losing ground for two decades. But don't say anything, you'll be guilty of "fake news."

    *  *  *

    If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.

    My recent books:

    Will You Be Richer or Poorer? Profit, Power and A.I. in a Traumatized World (15% discount in October, Kindle $5.95, print $10.95) Read the first section for free (PDF).

    Pathfinding our Destiny: Preventing the Final Fall of Our Democratic Republic ($6.95 (Kindle), $12 (print), $13.08 ( audiobook): Read the first section for free (PDF).

    The Adventures of the Consulting Philosopher: The Disappearance of Drake $1.29 (Kindle), $8.95 (print); read the first chapters for free (PDF)

    Money and Work Unchained $6.95 (Kindle), $15 (print) Read the first section for free (PDF).

    Tyler Durden Fri, 10/18/2019 - 16:25
  17. Site: Zero Hedge
    6 hours 41 min ago
    Author: Tyler Durden
    Dow Dumps On Talc-Turmoil, Boeing-Bust, & Pence-Panic

    China's economy slumps, JNJ's talc asbestos fears, Boeing in deep water over text messages, VP Mike Pence readies to unleash on China, but trade-deal hope did rise on the week...

    Source: Bloomberg

    Global stocks and bond yields were up this week, but the latter rolled over today,

    Source: Bloomberg

    All things considered...

    Chinese stocks ended the week in the red, slammed after last night's weak data...

    Source: Bloomberg

    Mixed week in Europe as Brexit headlines dominated, with France the laggard, UK's FTSE managing gains...

    Source: Bloomberg

    European bond yields have run this week with Bunds at their highest since late July...

    Source: Bloomberg

    From the cliff of the US-China trade deal last Friday, The Dow was the week's worst performer (as Small Caps and Trannies managed gains)...

     

    The Dow was weighed down by Boeing and Johnson & Johnson (accounting for all of the points lost today)

     

    S&P 500 was unable to hold 3,000 once again...

    Source: Bloomberg

    VIX was totally chaos today...

    Source: Bloomberg

    Treasury yields ended the week mixed with the long-end underperforming... NOTE - the week's big price action was on Tuesday (back from the Columbus Day holiday), after which, rate went sideways...

    Source: Bloomberg

    30Y Yields hovered at last Friday's highs...

    Source: Bloomberg

    The dollar is down 7 of the last 8 days (4 days in a row this week), worst week since June (down 3 weeks in a row - worst 3-week drop since January)...

    Source: Bloomberg

    Cable was higher all week as Brexit deal headlines were optimistic...

    Source: Bloomberg

    Very mixed picture for cryptos this week with Ripple up notably and Bitcoin and the rest of the altcoins lower...

    Source: Bloomberg

    Bitcoin ended the week back below $8k...

    Source: Bloomberg

    Despite the plunge in the dollar, commodities were barely positive on the week and crude was notably weaker...

    Source: Bloomberg

    Gold tagged $1500 during the week but could not hold it - today's price action really coiled up...

     

    WTI fell back to close the week at a $43 handle...

     

    Finally, we wonder if this has anything to do with the dollar run and stock drop?

    Source: Bloomberg

    And the SMART money is starting to decouple...

    Source: Bloomberg

    And amid all this, uncertainty has never, ever been higher...

    Source: Bloomberg

    Tyler Durden Fri, 10/18/2019 - 16:01 Tags Business Finance
  18. Site: Euthanasia Prevention Coalition
    6 hours 47 min ago
    Alex Schadenberg
    Executive Director - Euthanasia Prevention Coalition
    Finally a little sanity within the insanity.

    Pierre BeckA Swiss doctor was found guilty in the assisted suicide death of a woman who was not sick. 

    According to Swissinfo news:
    A court in Geneva has given a suspended sentence to the regional vice-president of EXIT, Pierre Beck, for helping an 86-year-old woman to die when she was not sick.

    He was found guilty of breaking federal law on therapeutic substances and given a suspended 120-day jail sentence. The court thus confirmed a criminal order issued by the Office of the Attorney General of Switzerland.

    Beck, a medical doctor who is vice-president of Exit in francophone Switzerland, provided a lethal dose of pentobarbital in April 2017 for the elderly woman. She wanted to die with her husband, who was very ill.According to Swissinfo, Beck admitted to acting beyond the criteria, but he said that he didn't regret his action and faced with a similar situation he would likely do it again, but after seeking advice.

    The good news is the judge decided that Swiss law does not permit assisted suicide for existential reasons.

    The court dealt with Beck leniently when giving him a suspended sentence. The lenient sentence may be interpreted as a green light to kill because the court did not provide a deterrent.

    Recently a physically healthy depressed man died by euthanasia in BC. Alan Nichols (61) died by euthanasia, even though he did not qualify for euthanasia since he was not sick. His family urged the doctor to stop the injection, but to no avail.

    Hopefully the Nichols case can prevent other similar cases from occurring in Canada.
  19. Site: Zero Hedge
    6 hours 53 min ago
    Author: Tyler Durden
    Ex-Goldman Billionaire Backs Warren Redistribution Plan, Tells 'Rich' To "Lighten Up"

    While most billionaires and establishment elites have thoughtfully rejected  (or avoided discussion of) Elizabeth Warren's (and Bernie Sanders' for that matter) plans to unleash a wealth tax on the richest Americans, there appears to be a new champion in the virtue-signalling arena.

    Billionaire Michael Novogratz, former Goldman Sachs partner and founder of crypto-fund Galaxy Investment Partners, told his fellow rich elites to 'stop worrying so much about Elizabeth Warren'.

    “You’re not victims, you’re the richest people in the world,”

    “How in God’s name do you feel like a victim?”

    In an interview at a benefit for Hudson River Park Friends, of which he’s chairman, Novogratz added that

    “Ninety-seven percent of the people I know in my world are really, really fearful of her,

    “They don’t like her, they’re worried about her, they think she’s anti-rich,”

    “It’s a little carried away.”

    As Bloomberg reports,  Warren has been gaining momentum in a huge field of candidates for the Democratic nomination, with plans for a wealth tax and tougher regulation.

    Source: Bloomberg

    And, looking down from his billionaire perch, Novogratz believes plans to take from the rich to give to those who are struggling make sense.

    “The way the country is functioning today, the bottom 60% aren’t doing well,” said Novogratz, who has supported Democrats in the past.

    “She’s speaking to that group. She wants to redistribute. Bernie’s a socialist, Elizabeth says she’s a capitalist, she just wants to redistribute more. And I think we’re going to have more redistribution.”

    But Novogratz did have some words of advice for the Massachussetts Senator:

    “The first seven things out of her mouth were divisive and anti-rich,” he said.

    “And I called and I was like, ‘Dude, you can’t heal the country by telling them all rich people cheated. LeBron James didn’t cheat. He was just really good at basketball. Maybe the markets don’t work the way they should, that’s a fair argument, but don’t say they cheated.’ So I got really angry about that.”

    However, criticism has been heaped on a Washington Post op-ed by Emmanuel Saez and Gabriel Zucman purporting to show that for the first time in U.S. history billionaires paid a lower tax rate than the working class.

    Adapted from Emmanuel Saez, 2019, "Taxation of Financial Capital: Is the Wealth Tax the Solution?; Chart: Andrew Witherspoon/Axios

    Former Treasury Secretary and head of the National Economic Council, Larry Summers, disagrees with Novogratz:

    "I do not think a focus on wealth inequality as a basis for being concerned about a more just society is terribly well designed."

    Additionally, Summers slammed the economists behind Warren's plan, noting that he believed Saez and Zucman had overestimated "by a third" the amount of wealth held by American billionaires and that he doubted the tax would deliver "even half of their wealth figure."

    Having heard such comments as "billionaires shouldn't exist," Warren claimed, during Tuesday’s Democratic candidates’ debate, “look, I don’t have a beef with billionaires,” in response from criticism by former Texas Congressman Beto O’Rourke that she was pitting the country against itself.

    “All I’m saying is, ‘You make it to the top, the top 0.1 percent, then pitch in two cents so every other kid in America has a chance to make it.’”

    Of course, this wealth tax comes on top of massively increased income taxes for the richest too...

    Finally, back to Novogratz, who concludes that, while he will not whine about Warren's wealth tax, he’d rather have a more centrist Democrat as the candidate, but hasn’t yet found someone he thinks can win, even though he likes Pete Buttigieg.

    Tyler Durden Fri, 10/18/2019 - 15:50 Tags Politics
  20. Site: Zero Hedge
    7 hours 4 min ago
    Author: Tyler Durden
    With The VIX Now Useless, This Is How Wall Street Is Hedging Against A Crash

    If one observes a conventional indicator of prevailing risk sentiment such as the VIX, which is trading in the low teens and near the lowest levels over the past two years (and far below its long-term average of 20), one would be left with the impression that virtually nothing is keeping Wall Street up at night.

    On the other hand, an even cursory assessment of current events - where in addition to trade war, slowing economies, renewed easing (there have been 54 global rate cuts YTD), repo market instability, an earnings recession, rising wages and shrinking margins, the world's most powerful person is now facing impeachment - would suggest that something is about about to snap, a conclusion which was confirmed by today's shocking surge in the US economic policy uncertainty index, which bizarrely hit an all time high.

     

    Incidentally, the S&P - which is trading less than 2% below its all time high - would obviously validate the VIX's cheerful outlook, although in a market as reflexive as the US stock market, it has become virtually impossible to distinguish cause from effect: is the VIX low because the market is high, or vice versa?

    In any case, those traders looking at the VIX for signs of turbulence in the future would be left with the impression that traders are complacent, yet this too would be wrong if for no other reason than what fund flows are telling us: and with $339 billion in inflows to bond funds globally in 2019 vs. $208 billion in outflows from global equity funds, both on pace for a record year, it is clear that most investors are fleeing from risk assets and flooding into safe havens such as government securities.

    Meanwhile, despite an artificially low VIX - largely the result of constant central bank intervention to minimize risk and rampant institutional selling of volatility which has become the "New Normal's" carry trade, investor concerns are anything but negligible. In fact, according to another risk metric, investors have rarely been more worried about what is to come.

    Which brings us to the topic of this post: with the VIX worthless, how are big institutions hedging for a possible crash?

    For the answer, one has to look not at the market's implied volatility, but rather its far less popular derivative, skew. Skew, in its simplest definition, measures demand for "extreme" risk relative to "normal" risk - i.e. how much more you would pay to protect from a big downside move relative to normal every day volatility.

    Indeed, as Goldman's Alessio Rizzi writes, despite last week's risk on move which pushed the S&P just shy of all time highs, investor sentiment remains subdued, as equity fund flows remained negative and demand for portfolio hedges is still strong.

    And this is how to observe just how nervous investor are: since the start of the year, and particularly in recent weeks, implied volatility skew has reached new highs in most equity indices. With stock markets rallying more than 15% YTD, and with the spot VIX tumbling, investors have increased their demand for equity put options to protect against a "sharp drawdown", which is a polite phrase for a crash. And the chart below shows, while investors no longer bother with the VIX, they have been piling into S&P 500 and Euro Stoxx 50 3 month 25-delta skew, which are now above the 90th percentile hit since 2010.

    It's not just risk assets, however, where investors are bracing for a sharp drop: similarly, demand for "safe" assets has increased further and call options on gold and the yen became more expensive relative to puts. Within risky assets, only WTI skew remained subdued, which is odd given increased geopolitical risk in the Middle East, while credit skew looks less extreme than in equity.

    But the clearest indication of just how nervous institutional traders are, is the simple average of the normalized skew across assets (S&P, Stoxx, HYG, WTI, JPY and gold) which now stands at its highest since 2010, which according to Goldman suggests a strong increase in demand for hedges - something one would never guess by looking at the VIX at 14 or so.

    Ominously, on all previous occasions when the normalized skew hit high levels, the S&P suffered a 10% (or greater) drawdown every single time.

    So with the skew screaming take cover, and the VIX giving the all clear, which barometer of market risk will prove to be more accurate, and will institutions bracing for a major market "drawdown" be proven right? And will all these worries be simply swept away by the Fed's restart of "Not QE"... or will the market finally decide to "fight the Fed"? We are confident that we will get the answers to all these pressing questions over the next few weeks.

    Tyler Durden Fri, 10/18/2019 - 15:38
  21. Site: Corpus Christi Watershed
    7 hours 9 min ago
    The Tradition Continues! • Seven Organists Perform
  22. Site: LifeNews
    7 hours 15 min ago
    Author: Katie Franklin

    Sitting in a fundraising class in Columbus, Ohio, this summer, Becky Carter, executive director of Juneau Pregnancy Resource Center, began to tear up as she connected the dots between the speaker before her and her very own daughter.

    Before joining Heartbeat International in 2015, Boston had been stationed for nearly twenty years at the Pregnancy Care Center in Springfield, Missouri, serving pregnant women and helping rescue unborn babies from abortion.

    As Carter pieced together Boston’s background, she realized that Boston’s clinic had to have been the one her daughter Nila had visited ten years ago as a confused 23-year-old looking for help.

    “It’ll all go away”

    Pregnant and far from her home and parents in Juneau, Alaska, Nila drove to the local Planned Parenthood where she lived in Missouri. Her plan was to have an abortion, but that decision was a world apart from what she’d grown up believing.

    “I grew up in a Christian home, so I had always been taught and always believed that abortion was wrong,” she said in a video testimonial about her pregnancy. “But when you put someone in a situation where they feel backed into a corner in life with the consequences of their actions, (abortion’s) going to be an option, it’s going to run through their head.

    “When I got pregnant, I was not in a healthy space, spiritually, mentally, emotionally and even in the relationship that I was in. Nothing about my lifestyle or my life was healthy during that time. So the possibility and prospect of bringing a child into that situation was just daunting. Nothing in my life was going the way that I thought it would go and putting a baby into that environment was terrifying.”

    Sobbing in the Planned Parenthood parking lot, Nila asked God why He had put her in this situation. She went inside and filled out the paperwork. The receptionist put her hand on Nila’s and told her, “You’re doing the right thing. Everything will be fine. It’ll all go away.”

    “Something that my dad always said was that, ‘If it sounds too good to be true, it probably is,’” Nila remembered. “And as soon as (the receptionist) said that, I got this sinking feeling in the pit of my stomach going, ‘This is not what God wants either, and two wrongs don’t make a right.’”

    Fortunately for Nila and her son, Planned Parenthood didn’t have the chemical abortion pill regimen on hand. Instead, they scheduled her for an appointment for a few days later at another location in Kansas City.

    The few days between the appointments gave her time for a heart-to-heart with a friend. Listening to Nila’s concerns, the friend suggested that she check out the local pregnancy center just to see all the options that were available to her.

    That visit brought her right through Cindi Boston’s doors and saved her child’s life.

    “God wanted this child to be in the world”

    Nila nervously entered the pregnancy help center, still highly cognizant of all of the factors that seemed to be working against her and her child.

    Click Like if you are pro-life to like the LifeNews Facebook page!

    (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.10"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));

    LifeNews.com

    The center staff listened to her concerns and helped her to see the situation in a new light.

    “They kept encouraging me that I could do this, whether it was on my own or with the help of parents or family or friends–that God wanted this child to be in the world,” Nila said tearfully. “So he is. And I’m so thankful for the resource center that I went to because they gave me the confidence I needed to have a child on my own and they gave me the confidence that I needed and the skills and the education that I needed to care for a child, to bring up a child in God’s Word, to be the best parent that I could be regardless of the situation.”

    Even with the challenges that came with single-parenthood, Nila says that having her son was worth it all.

    Nila and her son

    “There are still consequences to that decision,” she said. “There are still people that look at the date my son was born and the date that I got married and see that they don’t add up, and then I do get some sideways glances sometimes, but I don’t even care anymore because my son is the most amazing thing that has ever happened to me. And I could not have been the kind of parent that I wanted to be without the thoughtful conversations and thoughtful counseling and the education resources that I got from the resource center in my town.”

    The Person Who Saved Her Grandson

    Ten years later at Pregnancy Help Institute in Ohio, Nila’s story replayed in the back of Becky Carver’s head. Listening to Boston and taking in the realization of who she was, Carter texted her daughter.

    “I said, ‘Who did you speak to? Who was your counselor when you went to the center in Springfield?” she recalled. “And my daughter said, ‘Well, her name was Cindi, but I think she was the director.’”

    The answer took Carter’s breath away.

    “So as Cindi was up there talking, I’m just sitting there bawling, just thinking that in December of this year, my oldest grandson’s going to be 10,” she said. “I mean, it just hit me…how many people get the chance to meet the person who saved their grandson?”

    Across the room, Sara Littlefield, Life Launch Grant Program Specialist for Heartbeat International, saw Carter crying and soon the story came out.

    Nila’s mom Becky with her son

    “I look over and I see Becky start crying, I’m like, ‘Oh gosh, what’s going on? Is she overwhelmed? Does she need something?’” Littlefield said. “And she starts sharing the story. None of us knew. Our jaws were on the floor.”

    For Littlefield, the story spoke to a larger truth about the whole pregnancy help community.

    “It was just that amazing connection and unity of the movement…” she said. “These lives we touch…we don’t understand the ripple effects or how they will come back later.”

    Boston agreed.

    “It is humbling to know that God used one conversation, in one pregnancy center, in Missouri to bring enough hope and courage to Nila that she could choose life for her baby,” she said. “It’s a great reminder that we never truly know how our prayers, words or actions will impact others.”

    She attributes that positive impact to the community of individuals who make the work of pregnancy help centers possible.

    Nila’s father with her son

    “The beauty is that a community pulls together for the cause of life through a pregnancy center,” she said. “Volunteers, prayer warriors, board members, financial sponsors and staff lock arms together to create a safe space where pregnant women find truth and hope. It is powerful to know that Nila received help, and there are more than a million Nila’s receiving life-saving help through Heartbeat centers every year in the U.S. and around the world.”

    Carter is just starting to see that impact at her newly opened center thousands of miles away in Juneau. With the support of Heartbeat International’s Life Launch Grant Program, her organization opened its doors this past February. Nila’s story is what planted the seed for it.

    Now, ten months since opening, the Juneau center is at the stage where some of the first moms who visited the center are giving birth. One mom recently visited the center with her baby in tow.

    “I just can’t imagine somebody coming back in 10 years and saying…it just blows my mind,” Carter said. “As I was sitting there looking at (Boston) and realizing just contemplating everything, it brought back those emotions of the birth of my grandson and realizing that he may not have been there.”

    LifeNews Note: Katie Franklin is managing editor for Pregnancy Help News and content writer at Heartbeat International. She previously served as director of communications for Ohio Right to Life and is a graduate of Denison University where she earned a B.A. in history in 2013. Katie lives in Columbus, Ohio with her husband Miles and daughter Elizabeth.

  23. Site: Zero Hedge
    7 hours 23 min ago
    Author: Tyler Durden
    Kunstler: One Big Reason Why America Is Driving Itself Bat$hit Crazy

    Authored by James Howard Kunstler via Kunstler.com,

    Here’s one big reason that America is driving itself batshit crazy: the explosion of computerized records, emails, inter-office memos, Twitter trails, Facebook memorabilia, iPhone videos, YouTubes, recorded conversations, and the vast alternative universe of storage capacity for all this stuff makes it seem possible to constantly go back and reconstruct reality. All it has really done is amplified the potential for political mischief to suicide level.

    It’s a major unanticipated consequence of the digital “revolution.” It has gotten us stuck looking backward at events, obsessively replaying them, while working overtime to spin them favorably for one team or the other, at the expense of actually living in real time and dealing with reality as it unspools with us. If life were a ballgame, we’d only be watching jumbotron replays while failing to pay attention to the action on the field.

    Before all this, history was left largely to historians, who curated it from a range of views for carefully considered introduction to the stream of human culture, and managed this process at a pace that allowed a polity to get on with its business at hand in the here-and-now — instead of incessantly and recursively reviewing events that have already happened 24/7. The more electronic media has evolved, the more it lends itself to manipulation, propaganda, and falsification of whatever happened five minutes, or five hours, or five weeks ago.

    This is exactly why and how the losing team in the 2016 election has worked so hard to change that bit of history. The stupendous failure of the Mueller Investigation only revealed what can happen when extraordinary bad faith, dishonesty, and incompetence are brought to this project of reinventing “truth” — of who did what and why — while it provoked a counter-industry of detecting its gross falsifications.

    This dynamic has long been systematically studied and applied by institutions like the so-called “intelligence community,” and has gotten so out-of-hand that its main mission these days appears to be the maximum gaslighting of the nation — for the purpose of its own desperate self-defense. The “Whistleblower” episode is the latest turn in dishonestly manipulated records, but the most interesting feature of it is that the release of the actual transcript of the Trump-Zelensky phone call did not affect the “narrative” precooked between the CIA and Adam Schiff’s House Intel Committee. They just blundered on with the story and when major parts of the replay didn’t add up, they retreated to secret sessions in the basement of the US capitol.

    Perhaps you can see why unleashing the CIA, NSA, and the FBI on political enemies by Mr. Obama and his cohorts has become such a disaster. When that scheme blew up, the intel community went to the mattresses, as the saying goes in Mafia legend and lore. The “company” found itself at existential risk. Of course, the CIA has long been accused of following an agenda of its own simply because it had the means to do it. It had the manpower, the money, and the equipment to run whatever operations it felt like running, and a history of going its own way out of sheer institutional arrogance, of knowing better than the crackers and clowns elected by the hoi-polloi. The secrecy inherent in its charter was a green light for limitless mischief and some of the agency’s directors showed open contempt for the occupants of the White House. Think: Allen Dulles and William Casey. And lately, Mr. Brennan.

    The recently-spawned NSA has mainly added the capacity to turn everything that happens into replay material, since it is suspected of recording every phone call, every email, every financial transaction, every closed-circuit screen capture, and anything else its computers can snare for storage in its Utah Data Storage Center. Now you know why the actions of Edward Snowden were so significant. He did what he did because he was moral enough to know the face of malevolence when he saw it. That he survives in exile is a miracle.

    As for the FBI, only an exceptional species of ineptitude explains the trouble they got themselves into with the RussiaGate fiasco. The unbelievable election loss of Mrs. Clinton screwed the pooch for them, and the desperate acts that followed only made things worse. The incompetence and mendacity on display was only matched by Mr. Mueller and his lawyers, who were supposed to be the FBI’s cleanup crew and only left a bigger mess — all of it cataloged in digital records.

    Now, persons throughout all these agencies are waiting for the hammer to fall. If they are prosecuted, the process will entail yet another monumental excursion into the replaying of those digital records. It could go on for years. So, the final act in the collapse of the USA will be the government choking itself to death on replayed narratives from its own server farms.

    In the meantime, events are actually tending in a direction that will eventually deprive the nation of the means to continue most of its accustomed activities including credible elections, food distribution, a reliable electric grid, and perhaps even self-defense.

    Tyler Durden Fri, 10/18/2019 - 15:20
  24. Site: Mises Institute
    7 hours 28 min ago
    Author: Mises Institute
    Faculty, Associated Scholars, and More
    • In July, the Mises Institute hosted Mises University in Auburn, Alabama.
    • Mises U featured 167 attendees from 94 colleges and universities, 25 countries, and 26 US states.
    • Mises U faculty also featured several first-time members, including Shawn Ritenour (Grove City College), Lukasz Dominiak (Nicolas Copernicus University), Jason Jewell (Faulkner University), and Ryan McMaken (Mises Institute).
    • Mises U Lectures can be viewed here.

    The Libertarian Scholars Conference returned to The King’s College in New York City, this September.

    • The conference featured attendees from 46 colleges and universities, including 12 countries and 23 states. Thanks to our donors, we had 21 students on scholarship.
    • This year’s keynote speakers were Michael Rectenwald, formally of New York University, and Saifedean Ammous, Lebanese American University. 
    • Selected video from LSC is available here. Audio is available here.

     Volume 22, Issue 2 of the Quarterly Journal of Austrian Economics was published

    Mises Audio

    Chris Sciabarra recently discovered some American history talks by Murray Rothbard that were recorded in 1979 and 1980 at NYC. They are now available online at mises.org.

    Top 5 Podcast Episodes of the Quarter are:

    1. Human Action Podcast: Everything About Negative Interest Rates with Bob Murphy

    2. Human Action Podcast: Hazlitt in One Lesson with Walter Block

    3. Human Action Podcast: The Anti-Capitalist Mentality with Andy Duncan

    4. Human Action Podcast: Nation, State, and Economy with Ryan McMaken

    5. Human Action Podcast: Why the Fed's Mythology Endures with Murray Sabrin

    Media Recognition
    • Jeff Deists media appearances this quarter include: The Daily Ledger on OAN, The News with Rick Sanchez on RT, and the Terry Maxwell Show on KNZR. He is a regular on A Neighbor’s Choice, a WFLA talk radio show in the Orlando market hosted by David Goronoski.
    • Ryan McMaken was referenced in multiple articles this quarter, with publications including the Bond Buyer, the Epoch Times, the New York Post, Bank Rate, and International Business Times.
    • Mark Thornton was quoted in the New York Post and interviewed by Apple Daily, the second largest publication in Hong Kong.
    • Tho Bishop had an op-ed published in the Washington Times.
    • Numerous Mises Wire articles were republished in high volume sites including ZeroHedge, Seeking Alpha, and Eurasia Review.
    Publications and Bookstore

    The Mises Institute Bookstore released new products, including a Ron Paul bust and Mises Institute Keychain.

    We’ve published new minibooks, including A Roundabout Approach to Austrian Macroeconomics by Roger W. Garrison and Nation, Migration, and Trade by Joseph Salerno

    The Mises Institute will be publishing a new edition of Economics in One Lesson by Henry Hazlitt, featuring a new foreword by Jeff Deist

    Mises.org Top Ten New Articles of the Quarter:

    Greta Thunberg To Poor Countries: Drop Dead by Ryan McMaken

    Walmart's Healthcare Experiment Has Begun, It May Be A Game Changer by Gary North

    Media Focus on Mass Shootings Shows Disconnect from Actual Crime Trends by Ryan McMaken

    In New "Mind-Blowing" Study, Planting Trees Reduces Carbon Better Than Carbon Taxes by Robert P. Murphy

    When State Governors Tried To Take Back Control of the National Guard by Ryan McMaken

    Baltimore's Homicide Rate Is Ten Times Larger than the US Rate by Ryan McMaken

    Federal Judges Are Waging War on the Fourth Amendment by Chris Calton

    Why They Keep Trying to Blame Capitalists for Slavery by Ryan McMaken

    Tolkien, Christianity, and the State by Zachary Yost

    Why the Dollar Rules the World — And Why Its Reign Could End by Antony P. Mueller

    Top 3 PDF Book Downloads of the Quarter:

    Human Action, 205,448 downloads

    Theory of Money and Credit, 45,666 downloads

    The Market for Liberty, 16,914 downloads

    Mises Institute International:

    A translation of Ron Paul’s End the Fed was published in Korean thanks to a young scholar who plans to start Mises Institute Korea.

    Total Third Quarter Pageviews of Mises.org/es: 223,300

  25. Site: Zero Hedge
    7 hours 37 min ago
    Author: Tyler Durden
    Trump Boasts The US "Has Secured The Oil" In Syria

    From nearly the start of the now eight-year long war in Syria, analysts and commentators polarized into two camps, with some calling the conflict a "popular uprising" in cause of democracy against a brutal dictator, and with others seeing it as a 'regime change war' fueled largely by US imperialist interests.

    While there's many layers to what most can now acknowledge long ago became a complex international proxy war, America's commander-in-chief just issued an astounding admission that has a number of pundits scratching their heads

    Following a Friday morning phone call with Turkey's Erdogan over Thursday's newly inked ceasefire deal with the Kurds, President Trump tweeted "The U.S. has secured the Oil, & the ISIS Fighters are double secured by Kurds & Turkey..."

    .....this thinking years ago. Instead, it was always held together with very weak bandaids, & in an artificial manner. There is good will on both sides & a really good chance for success. The U.S. has secured the Oil, & the ISIS Fighters are double secured by Kurds & Turkey....

    — Donald J. Trump (@realDonaldTrump) October 18, 2019

    Amid Trump's 'mission accomplished' moment where he also said "The Kurds are very happy, Turkey is very happy, the U.S. is very happy" (though we seriously doubt the Kurds are happy) — came these further statements in front of reporters:

    "We've taken control of the oil in the Middle East," the president said.

    Though not elaborating on his provocative statement further, it remains that though a general US troop draw down in Syria has been ordered, American special forces and Kurdish-led SDF forces remain in control of the key oil and gas infrastructure in the Deir Ezzor region, east of the Euphrates. Thus presumably the president was talking specifically about "securing" Syria's oil, which over the past two years has been an accomplished fact. 

    "We've taken control of the oil in the Middle East," says @POTUS (who didn't respond to subsequent questions from me and other pool reporters to elaborate on what he means by that).

    — Steve Herman (@W7VOA) October 18, 2019

    On Thursday, we asked the question: will US forces withdraw even from occupying Syria's largest oil fields, like the massive al-Omar field? Will the Pentagon hand back another major energy resource, Conoco gas field, to Damascus? 

    Over two years ago, as the Syrian Army was racing toward its oil and gas heartland in Deir Ezzor just as the Islamic State was in retreat, the US-backed SDF took over the region, with support of American fighter jets. 

    Above: overhead view Conoco/Tabiya plant. ConocoPhillips founded it, yet is not currently associated with the company. After 2005 the facility was entirely state-owned and operated.

    Since then, Damascus has demanded the giant oil and gas fields be turned back over to their legitimate owner, the Syrian state.

    The US in turn maintained a tight blockade against Damascus on these vital energy supplies, combined with more recent crippling sanctions on Syria's ability to import oil (which it must now get primarily from Iran). 

    But with the war now clearly winding down, and Trump's stated desire to exit the theater altogether, is he ready to finally hand back Syria's crucial energy heartland?

    Though it's not the first time Trump has briefly pulled back the curtain to reveal naked US imperial self-interest in Syria at work (instead of Washington's usual "humanitarian" war rhetoric), explicitly connecting the Pentagon's presence in the region with oil and MidEast energy, Friday's comments are deeply revealing in terms of what may keep the Pentagon there, even if there's a "light footprint," as US pundits like to say. 

    But if Syria's oil and gas fields are finally handed back, this will be the surest sign every US soldier is set to come home from Syria. 

    Tyler Durden Fri, 10/18/2019 - 15:05
  26. Site: Mises Institute
    7 hours 43 min ago
    Author: Bettina Bien Greaves

    Henry Hazlitt, author, journalist, editor, reviewer, economist, has written or edited 18 books and countless articles, columns, editorials, and book reviews. He has gained renown in at least three areas: as a popularizer of sound economic thinking, as a critic of John Maynard Keynes, and as a contributor to moral philosophy. His Economics in One Lesson (1946), a long-time best seller, is one of the finest introductions there is to sound economics. His critique of Keynes,The Failure of the “New Economics” (1959), and his explanation of moral philosophy, The Foundations of Morality (1964), are valuable contributions to knowledge and understanding, to economic theory and the principles of social cooperation. Henry Hazlitt is a man for many seasons. His writings will live for generations.

    Early Childhood and Youth

    Henry Stuart Hazlitt was born in Philadelphia on November 28, 1894, the son of Stuart Clark Hazlitt and Bertha (Zauner) Hazlitt. His father died when Henry was a baby. His first years in school were spent at Girard College, a school in Philadelphia for poor, fatherless boys.

    When Henry was 9, his mother remarried and their fortunes revived. The family moved to Brooklyn, New York, and it was there, at Public School 11 and Boys’ High School, that Henry received most of his formal education. Henry has apparently always had a gift for writing. His high school English teacher recognized his talent and appointed him “chief critic” of his fellow students’ test papers. This was “not an entirely gratifying distinction,”1 Henry wrote later, for it did not endear him to his classmates.

    When Henry finished high school, he entered New York City’s free-tuition City College of New York (CCNY), but was forced to drop out after a few months. His stepfather had died and he had to support his widowed mother.

    An inexperienced high school graduate wasn’t worth much on the job market. The only work for which Henry was then qualified was as an office boy at $5 a week. He was fired from his first job after only two days. But that didn’t faze him. He simply went out and got another job.

    At that time there were no legal obstacles to hiring and firing—no minimum wage with which an employer had to comply, no Social Security or unemployment taxes to pay, no income taxes to withhold, no restrictions on hours or working conditions. Any would-be employer could hire anyone who wanted to work. If the arrangement didn’t work out, the employer could let the employee go without penalty. Or the employee could leave, confident that he could easily find other employment.

    Henry had a succession of jobs at $5 per week. When he learned that secretaries could earn $15 per week, he determined to learn shorthand and typing. For several weeks he attended a secretarial school. With his newly acquired skills, he could command $10 to $12 per week. But again none of his jobs lasted very long—he hadn’t yet found his niche. Finally he decided he wanted to be a newspaper reporter. He applied for a job and was hired by The Wall Street Journal.

    The Journal at that time was much smaller than it is now, and it reported primarily Wall Street news. Hazlitt’s bosses at The Journal dictated editorials to him on the typewriter and reporters called in their stories to him over the phone. Gradually he learned through on-the-job training.

    Although he still knew very little about economics or the market, he was assigned to be the reporter in charge of following a half dozen small companies. When he attended one annual meeting, he learned how very little he knew. The management voted unexpectedly to “pass” its dividend, that is to pass over or to omit it. Hazlitt assumed “passing” a dividend meant “approving” the dividend. Fortunately for him, however, when he turned in his report he used their term; he said the dividend had been “passed.” His on-the-job training proceeded apace; he promptly learned the investment definition of that word, and no one was the wiser.

    The Journal at that time had a “By-the-Way” column, composed of brief quips about current events. Members of the staff were encouraged to submit entries anonymously. To collect payment if an entry was used (75 cents per published entry), the author turned in the carbon copy of his entry. With Henry’s gift for expression, he soon became a persistent contributor and in time almost doubled his income with what he received for his short, clever “By-the-Way” paragraphs.

    Hazlitt’s Do-It-Yourself Education

    Henry Hazlitt was energetic, ambitious, and industrious. On-the-job training wasn’t enough for him. He was determined to get the education he had missed when he had to drop out of college. So he started his own reading program. He read about Shakespeare and the Marlowe controversy. He learned about evolution and the role of the state by reading Herbert Spencer. He began to read about economics and the stock market. In time, the depth and breadth of his reading gave him a broad liberal arts education. A book titled The Work of Wall Street made him realize the importance of economics and philosophical reasoning. From then on he read with a purpose—concentrating on economics. He read a couple of college texts. Although he lacked sophistication in economics, his natural good sense warned him to be on guard against socialist ideas.

    One book he ran across while browsing in a library, The Common Sense of Political Economy (1910) by Philip H. Wicksteed, a British Unitarian minister, had a profound influence on him. Wicksteed had become acquainted with the Austrian School of Economics, the first school of economics to recognize that “value” is subjective and that market prices stem from the subjective values of individuals. This insight helped to shape Hazlitt’s intellectual development and led him to a firm understanding of market operations and the marginal utility theory of economics.

    In addition to reading, young Henry also devoted some time every day to writing. He set out to write a book on a very ambitious subject, Thinking as a Science, and before many months had passed, it was finished. He submitted the book to five publishers, received five rejections, and got discouraged. Then a friend urged him to send it out once more. He did—and this time it was accepted by the well-known firm of E. P. Dutton & Co. In 1916, at the age of 22, Henry Hazlitt became a published author.

    In 1916, Hazlitt left The Wall Street Journal and moved to the New York Evening Post, where he put his Wall Street experience to use writing “Wall Street Paragraphs.” He was working at the Post in 1917 when the United States entered World War I.

    World War I

    Henry wanted to volunteer, as some of his friends were doing, but he couldn’t afford to do so. The Army paid only $30 per month, not enough for him to support his mother. Then the Air Force announced that it was offering enlistees $100 per month. Henry volunteered, only to discover that, in spite of their published offer, the Air Force paid enlistees no more than the Army did. But once in the Air Force, he couldn’t get out. Henry’s mother had a rough time financially while he was away.

    The Air Force sent Henry to Texas, to Princeton for ground school studies, and then back to Texas for flying instruction; he didn’t get overseas. Hazlitt was still in Texas when the war ended.

    A few days after the Armistice was signed, the New York Evening Post wired Hazlitt that his successor in writing “Wall Street Paragraphs” was leaving. He could have his old job back if he could be there in five days. Hazlitt took off almost immediately for New York by train, went directly to the office, suitcase in hand, and worked in uniform his first day back on the job.

    Hazlitt soon returned to his old regimen of reading and writing for his own education and edification. Before long he had written a second book, The Way to Will Power, published in 1922. At that time, Who’s Who had a policy of automatically listing any author who had had two books published by reputable firms. So at 28, Henry was a two-time author and his name appeared in Who’s Who.

    Benjamin M. Anderson

    After Hazlitt returned from the Air Force, he continued his pursuit of economic understanding. Among other books on monetary theory, he read Benjamin M. Anderson’s The Value of Money (1917). Hazlitt considered that book “profound and original” and he learned a great deal from it. Anderson, then teaching at Harvard, later became economist with the Bank of Commerce and then with the Chase National Bank. When Hazlitt was financial editor for the New York Evening Mail (1921–1923), he occasionally interviewed Anderson in connection with articles he was writing, and the two men soon became friends. Hazlitt wrote the foreword to Anderson’s important work, Economics and the Public Welfare: Financial and Economic History of the United States, 1914–1946 (1949).

    In The Value of Money, Anderson had reviewed a large number of writers, American and foreign, most of them rather critically, on the subject of money. But when he came to the Austrian economist Ludwig von Mises, he wrote that he found in his work “very noteworthy clarity and power. His Theorie des Geldes und der Umlaufsmittel [later translated into English as The Theory of Money and Credit] is an exceptionally excellent book.” This was the first time Hazlitt had heard of Mises, but he remembered his name and Anderson’s comment. Years later when Mises’ works became available in English, Hazlitt made it a point to read them.

    A Career of Reading and Writing

    Throughout his life, Henry Hazlitt has spent most of his time at the typewriter and with books. From age 20, he wrote something almost every day—news items, editorials, reviews, articles, columns. By his 70th birthday, he figured he must have written “in total some 10,000 editorials, articles, and columns; some 10,000,000 words! And in print! The verbal equivalent of about 150 average-length books.” Hazlitt has also written or edited 17 books. (See the list at the end of this article.) His early works were literary and philosophical, his later books largely economic.

    After leaving The Wall Street Journal, Hazlitt worked in various capacities—as economic commentator, financial editor, book reviewer, editorial writer, literary editor, columnist, and editor—for five different newspapers including The New York Times (1934–1946), a monthly financial letter, and three magazines, including Newsweek (1946–1966) for which he wrote the “Business Tides” column. In 1950, while still writing for Newsweek, Hazlitt and John Chamberlain became editors of the newly founded biweekly magazine, The Freeman, predecessor of this journal. (See the note at the end of this article for a list of the publications with which Hazlitt has been associated.) After he left Newsweek in 1966, he became an internationally syndicated columnist.

    Hazlitt’s reading and studying over the years to satisfy his own intellectual curiosity spanned a broad spectrum of subjects. His vast reading, especially when he was a literary editor and book reviewer, is evident in The Anatomy of Criticism (1933), in which he discussed the critic’s role, the influence of the critic on the public, and the influence of the times on the critic. Hazlitt’s prodigious reading and prolific writing throughout these years were preparing him for the important contributions he was to make to the understanding of economic theory and social cooperation.

    As a result of Hazlitt’s various assignments writing about financial and stock market news, his interests had been gradually directed toward business and economics. He read many books on economics, and he became knowledgeable as an economist. But he did not write a book on the subject until 1946.

    The New York Times

    As a patriotic gesture, The New York Times had made a promise not to fire anyone during the Depression. This proved a very costly promise to keep. It meant for one thing that The Times did no hiring for a couple of years. By 1934 they were in dire need of someone who knew economics. Thus, in the midst of the Depression, Hazlitt was hired by The Times as an editorial writer.

    The Times was then being run by Arthur Sulzberger, son-in-law of the fairly “conservative” publisher and controlling owner, Adolph S. Ochs. Management seldom interfered with Hazlitt’s editorials, although Ochs’ daughter, Mrs. Sulzberger, would occasionally call Hazlitt and suggest some “leftist” idea. Hazlitt would explain, “The trouble with that, Mrs. Sulzberger, is …” She would reply, “Well, you know best.” Thus, The Times pretty much published what Hazlitt wrote—at least until 1944. More about this later.

    Mises and Hayek

    Hazlitt is proud of his role in helping to introduce two economic giants to readers in this country—Ludwig von Mises, leading spokesman for the Austrian school of economics for many years, and Friedrich A. Hayek, also an Austrian economist, Mises’ protegé, and Nobel Prize Laureate in 1974.

    As mentioned above, Hazlitt first heard of Mises through Benjamin Anderson’s The Value of Money. Years later when Hazlitt came across Mises’ Socialism, he reviewed it in The New York Times. His review appeared in the January 9, 1938, Book Review Section: “[T]his book must rank as the most devastating analysis of socialism yet penned. Doubtless even some anti-Socialist readers will feel that he occasionally overstates his case. On the other hand, even confirmed Socialists will not be able to withhold admiration from the masterly fashion in which he conducts his argument. He has written an economic classic in our time.”

    Mises was then living and teaching in Switzerland. As a courtesy, Hazlitt mailed a copy of his review to the author and the two men exchanged a couple of brief letters. Two years later Mises came to the United States to escape the strife of World War II. Hazlitt was one of Mises’ few contacts in this country and Mises telephoned him. To Hazlitt, Mises was a “classic,” an author from a previous era. Mises’ call, Hazlitt recalled later, was almost as much of a surprise as if he had heard from such a legendary economic figure as Adam Smith or John Stuart Mill.

    In 1944, Hazlitt reviewed F. A. Hayek’s The Road to Serfdom in The New York Times. As a young man in his native Austria, Hayek had come to know Nazism firsthand. In England where he was living and teaching just before the start of World War II, he observed the same interventionist trends that he had seen on the Continent. In 1944, in a devastating critique of Nazism, The Road to Serfdom, he warned the British that they were heading down the same path.

    The book stunned academia and the political world. Hazlitt’s review, featured on page one of The Times’ Book Review Section (September 24, 1944), compared Hayek’s The Road to Serfdom to John Stuart Mill’s On Liberty. Hazlitt described it as “one of the most important books of our generation.” The University of Chicago Press had printed only 3,000 copies, and when the book made the best-seller list the publisher’s stock was soon exhausted, and they had to begin reprinting right away.

    Bretton Woods

    When John Maynard Keynes’ scheme for the International Monetary Fund and the International Bank for Reconstruction and Development (World Bank) was under discussion in Bretton Woods, New Hampshire, The Times offered to send Hazlitt to the conference. But Hazlitt saw no reason to go. He was opposed to the discussions. He said he could learn more by reading about them than he could by going there and talking with participants. Besides, if he stayed in New York he could also write editorials on other subjects. So he didn’t go.

    While editorial opinion across the nation was largely favorable to the Bretton Woods discussions, Hazlitt was criticizing them. His editorials were the only “sour note.” When it was announced that 43 governments had signed the “marvelous” Bretton Woods Agreement, Sulzberger called Hazlitt to his office. “Now, Henry, when 43 governments sign an agreement, I don’t see how The Times can any longer combat this.”

    “All right,” Hazlitt said. “But in that case I can’t write anything further about Bretton Woods. It is an inflationist scheme that will end badly and I can’t support it.” After that Hazlitt wrote no more editorials on the subject for The Times. However, Hazlitt was also writing a Monday column for the paper’s financial page, and there he continued to criticize Bretton Woods. At that point, Sulzberger suggested he might include a line at the end of Hazlitt’s Monday column: “The opinions of Mr. Hazlitt are not necessarily those of The New York Times.”

    “You can do that, Mr. Sulzberger. But,” Hazlitt warned, “one consequence of such a disclaimer will be that, if you don’t print a similar line on other columns, the assumption will be that they are necessarily in agreement with the views of the editor of The Times.”Sulzberger understood Hazlitt’s reasoning and dropped the idea.

    Economics in One Lesson

    For some time Hazlitt had been mulling over the possibility of writing a “little book” on the fallacies of short-run economic interests. He discussed the idea with Mises, by then a close friend. He also told Harper’s editor for economics books about his idea. The editor offered to publish the book when it was written. The New York Times, for which Hazlitt was still working as an editorial writer, agreed to give him every other day off without pay to write the book. Economics in One Lesson was the result.

    To Hazlitt, writing that book “came so easily,” he said later, “that I couldn’t take it very seriously.…“[W]riting these chapters was almost like writing daily editorials.… It took … about three months of alternate days off.” On the in-between days he was thinking about the book. “That meant one and a half months of actual writing.”

    Reader’s Digest published two excerpts before the book’s publication, and the book promptly became a best seller. Hazlitt had suggested that the print run be increased to satisfy the additional demand anticipated from the Reader’s Digest publicity. Yet the publisher printed only 3,000 copies. The first week the book was out it was fifteenth on the New York Times best-seller list for non-fiction; the second week it was fourteenth, and then the third week it was seventh, disappearing from the list altogether in ensuing weeks—there just were no more books to be sold. After some time, when it had been reprinted and was available once more, it began to sell again, although it didn’t make the Times list again.

    Writing Economics in One Lesson may have come easily to Hazlitt, but its impact has been enormous. It has been translated into eight languages. By 1977 it had sold 50,000 copies in hard cover, 700,000 in all editions, and it still sells at the rate of a few thousand per year, attracting new readers to economics with its delightful style and its simple explanations and illustrations of economic fallacies.

    Economics in One Lesson is clearly Hazlitt’s most popular book. It established him as an economic journalist par excellence, the modern counterpart of the Frenchman Frédéric Bastiat (1801–1850), author of The Law. H. L. Mencken was quoted on the book jacket of the first edition as saying that Hazlitt was “the only competent critic of the arts … who was at the same time a competent economist, of practical as well as theoretical training, … one of the few economists in human history who could really write.” The book has introduced countless individuals to sound economic theory.

    Harper & Brothers published the first 1946 hardcover edition of Economics in One Lesson. Harper arranged for later paperback editions, and kept the book in print until 1974. Then, without telling Hazlitt, it let the book go out of print and canceled the contract with the paperback publisher.

    When Hazlitt learned this, he approached Harper and asked about reprinting in paperback. They hesitated but said, “If you bring it up to date, we’ll publish a new edition in hardback.” Hazlitt revised the book. Still “they dilly-dallied,” Hazlitt said, and didn’t publish it in either hardback or paperback. According to Hazlitt, “They said they didn’t think it would sell in paper. Hazlitt believed their real objection must have been ideological, since the book had been selling several thousand paperback copies a year. In time Hazlitt obtained the rights to the book, and in 1979 Arlington House put out a paperback edition.

    Hazlitt left The Times for Newsweek about the time Economics in One Lesson came out. In Hazlitt’s view his situation was improved; his “Business Tides” columns in Newsweek would be signed; he would no longer be writing anonymously.

    Critique of Keynes

    Hazlitt had been impressed with John Maynard Keynes’ The Economic Consequences of the Peace (1919) when it first came out. At that point, Hazlitt took everything Keynes said as “gospel.” But in 1923, Hazlitt read Keynes’ A Tract on Monetary Reform. By that time Hazlitt had done a fair amount of reading in monetary theory and could recognize economic errors when he read them. He was “appalled” by how “bad” a book it was and from that time on, Hazlitt “distrusted every statement Keynes made.”

    B. M. Anderson commented to Hazlitt later that when Keynes discussed the quantity theory of money in A Tract on Monetary Reform, “he even states that upside down.” Which he did! The actual reason prices go up is that the government prints new money and distributes it to people who spend it. As the spenders compete for goods and services by bidding against other would-be spenders they make prices go up. Yet Keynes had said that when prices go up, the government must print more money to keep pace with the prices. The great German inflation was then raging (1923) and this was precisely what the German authorities were saying, that there was (as Hazlitt later paraphrased the Germans’ position) “no real inflation because the present volume of currency … had actually a smaller purchasing power than the former volume of currency because the depreciation per unit was greater than the multiplication of units.” Keynes agreed with the Germans “that it was necessary for them to keep printing marks to keep pace with the rising prices.”

    Whether Keynes’ success was due to personal charisma, his prestigious positions with the British government, or to the “scientific” sanction his works gave politicians to do what they wanted to do anyway—that is to spend without taxing—is immaterial. The fact remains that from the 1930s on Keynes’ influence was enormous. And through it all, Hazlitt continued to be amazed by Keynes’ growing reputation.

    In Economics in One Lesson, Hazlitt demolished various Keynesian programs in a rather low-key manner. Then in 1959, in The Failure of the “New Economics,” he critiqued Keynes’ major work, The General Theory of Employment, Interest, and Money (1936) in detail, citing chapter and verse. The Failure of the “New Economics” (1959) is much more scholarly than Economics in One Lesson, its market narrower, but it is by no means less important.

    To refute each Keynesian error, Hazlitt expounded sound economic theory in a way academia couldn’t ignore. John Chamberlain, who reviewed the book in The Freeman, tided his review, “They’ll Never Hear the End of It.” The dean of the Department of Economics at a leading university questioned Hazlitt’s credentials for critiquing the noted Keynes. Mises came to Hazlitt’s defense. Hazlitt, Mises responded, was “one of the outstanding economists of our age,” and his anti-Keynes book was “a devastating criticism of the Keynesian doctrines.”

    Moral Philosophy

    Henry Hazlitt was a personal friend of Mises. But he was also a student of Mises in the sense that he carefully studied his work. He attended Mises’ seminar at New York University quite regularly for several years. Although Hazlitt was himself an economist and author of note by then, he said about the Mises seminars that he always found that “no matter how many times I would go, no matter how often I heard in effect the same lectures, there would always be some sentence, some incidental phrase that threw more light on the subject.”

    One remark by Mises which impressed Hazlitt was that questions of morality and justice always refer to social cooperation. Hazlitt agreed. But he thought the statement needed elaboration. This was a subject close to Hazlitt’s heart, for he had longed to write a book on ethics since he was a youngster.

    As he pondered the subject he was struck by the insight of a statement by Jeremy Bentham (1748–1832): “Legislation is a circle with the same center as moral philosophy, but its circumference is smaller.” This idea became the theme of Hazlitt’s book on ethics, The Foundations of Morality (1964).

    In this book, Hazlitt sought to unify law, ethics, morality, and manners, and to show their relation to social cooperation. Following Bentham, Hazlitt presented law, ethics (morality), and manners as three aspects of the same thing. “[B]oth manners and morals rest on the same underlying principle. That principle is sympathy, kindness consideration for others. … Manners are minor morals.” Law, he maintained, might be called “minimum ethics” with “the same center as moral philosophy.” Ethics and morality cover more territory than law; they have a “far wider sphere [than law]. … Morality,” he wrote, “certainly calls for active benevolence beyond that called for by the law.”

    In The Foundations of Morality, Hazlitt discussed the literature on ethics and morality throughout the ages. And he described the way ethical and moral principles had been put into practice. He pointed out that the moral codes of many religions are similar and consistent with peaceful social relations. Yet their differences, as well as the cruelty and suffering inflicted on men in the name of organized religion, raise doubts as to the reliability of religious faith as a guide to ethical conduct.

    Thus, Hazlitt offers a utilitarian basis for morality. The moral philosopher, he writes should seek a “foundation” for morality that does not rest on a particular religion. “[I]t is not the function of the moral philosopher, as such,” Hazlitt concludes, “to proclaim the truth of this religious faith or to try to maintain it. His function is, rather, to insist on the rational basis of all morality to point out that it does not need any supernatural assumptions, and to show that the rules of morality are or ought to be those rules of conduct that tend most to increase human cooperation, happiness and well-being in this our present life.”

    Summing Up

    In the course of his career, Hazlitt met many of the great and near great. As has been mentioned, he knew the economist, B. M. Anderson. He knew H. L. Mencken personally, and it was Mencken who recommended that Hazlitt succeed him as editor of American Mercury in 1933. Hazlitt was a frequent guest on the radio, debating face-to-face such socialist luminaries as former Vice President Henry A. Wallace, the late Secretary of State Dean Acheson, former U. S. Senators Paul H. Douglas and Hubert Humphrey. He is a Founding Trustee of The Foundation for Economic Education. He was, of course, a close friend of Mises and Hayek, but he also knew well all of the important personages in the libertarian/conservative movement—Leonard E. Read, Isabel Paterson, Rose Wilder Lane, John Chamberlain, William F. Buckley, Ayn Rand, Lawrence Fertig, and others.

    Over the years, Hazlitt perfected a clear and lucid writing style. Writing so many editorials and short columns disciplined him to express himself succinctly and simply. Even his most important and profound books are composed of short, easy-to-understand chapters. Everything he writes may be read with pleasure and profit.

    Throughout his career, Hazlitt has been an advocate of a minority point of view. He has been a constant critic of government intervention, inflation, and the welfare state, and he wrote books attacking them. His anti-Keynes, anti-Bretton Woods editorials, first published in The New York Times, also appeared later as a book (From Bretton Woods to World Inflation, 1984).

    Hazlitt has spoken out repeatedly and untiringly in behalf of the freedom philosophy, limited government, free markets, and private property. At a banquet in 1964, honoring him on his 70th birthday, he spoke of the freedom movement and his part in it:

    Those of us who place a high value on human liberty … find ourselves in a minority (and it sometimes seems a hopeless minority) in ideology. … We are the true adherents of liberty. … We are the ones who believe in limited government, in the maximization of liberty for the individual and the minimization of coercion to the lowest point compatible with law and order. It is because we are true liberals that we believe in free trade, free markets, free enterprise, private property in the means of production; in brief, that we are for capitalism and against socialism. …

    I will confess … that I have sometimes repeated myself. In fact, there may be some people unkind enough to say I haven’t been saying anything new for 50 years!

    And in a sense they would be right … I’ve been preaching liberty as against coercion; I’ve been preaching capitalism as against socialism; and I’ve been preaching this doctrine in every form and with any excuse. And yet the world is enormously more socialized than when I began. …

    Is this because the majority just won’t listen to reason? I am enough of an optimist, and I have enough faith in human nature, to believe that people will listen to reason if they are convinced that it is reason. Somewhere, there must be some missing argument, something that we haven’t seen clearly enough, or said clearly enough, or, perhaps, just not said often enough. A minority is in a very awkward position. The individuals in it can’t afford to be just as good as the individuals in the majority. If they hope to convert the majority they have to be much better; and the smaller the minority, the better they have to be. They have to think better. They have to know more. They have to write better. They have to have better controversial manners. Above all, they have to have far more courage. And they have to be infinitely patient. …

    Yet, in spite of this, I am hopeful.… [We are] still free to write unpopular opinion.… So I bring you this message: Be of good heart; be of good spirit. If the battle is not yet won, it is not yet lost either.

    Henry Hazlitt’s Journalistic Career

    1913–1916—The Wall Street Journal
    1916–1918—New York Evening Post
    1919–1920—Mechanics & Metals National Bank (monthly financial letter)
    1921–1923—New York Evening Mail (financial editor)
    1923–1924—New York Herald (editorial writer)
    1924–1925—The Sun
    1925–1929—The Sun (literary editor)
    1930–1933—The Nation (literary editor)
    1933–1934—American Mercury (editor)
    1934–1946—The New York Times (editorial staff)
    1946–1966—Newsweek (associate & “Business Tides” columnist)
    1950–1952—The Freeman (co-editor)
    1952–1953—The Freeman (editor-in-chief)
    1966–1969—Columnist for the international Los Angeles Times Syndicate

    A Bibliographical Sketch

    Thinking as a Science (New York: E. P. Dutton & Co., 1916; 2nd ed., Los Angeles: Nash Publishing Corp., 1969)

    Thinking clearly and logically is the secret of learning, Hazlitt says. He offers the reader many ideas for developing his powers of thinking—by concentrating, talking, and keeping a notebook handy to jot down ideas. He recommends books on how to reason and think.

    In Hazlitt’s 1969 epilogue, he said if he were to revise the book he would further stress, among other things, the importance of language, perseverance, learning what has already been discovered, and writing. “Good writing is the twin,” he wrote, “of good thinking. He who would learn to think should learn to write.” Again he recommends books.

    The Way to Will Power (New York: E. P. Dutton & Co., 1922)

    After asserting that there is no such thing as the “Will,” young Hazlitt proceeds to offer a sensible guide for developing “will power”—by choosing worthy goals, aiming at them with determination, and developing good study and work habits.

    A Practical Program for America, ed. by Henry Hazlitt (New York: Harcourt, Brace & Co., 1932)

    When this book was published, the economy was in the midst of depression and Franklin Delano Roosevelt was governor of New York and had not yet run for President. Hazlitt was then editor of The Nation, from which these essays were taken. Except for Hazlitt, the authors were all looking for ways to improve the economy by amending national legislation. Hazlitt advocates free trade and recommends the repeal of all barriers to trade.

    The Anatomy of Criticism (New York: Simon & Schuster, 1933)

    Written at a time when Hazlitt was doing many book reviews, this book presents his philosophy of criticism. The discussants in a trialogue, a three-sided conversation, present their rationales for criticizing books, novels, poetry, paintings, sculpture, and the like. After discussing the relative merits of seeking objective standards, or relying exclusively on a critic’s subjective values, the discussants recognize that certain standards evolve on the basis of tradition, public opinion, ideas, ethical and moral views, and so on.

    A New Constitution Now (New York: Whittlesey House/ McGraw-Hill Book Co., 1942; 2nd ed., revised, New Rochelle, N.Y.: Arlington House, 1974)

    Hazlitt deplores our constitutional checks and balances that divide power and authority and make it difficult to assign responsibility. He prefers a parliamentary form of government with executive and legislative powers combined more or less as in the British cabinet system, not fully developed until well after our Constitution was written. With no fixed period of office in a parliamentary form of government, the people may throw the “ins” out if they are dissatisfied. Hazlitt suggests various changes in the franchise, the make-up of Congress and the Supreme Court, methods for amending the Constitution, and so on. He quotes John Stuart Mill, Walter Bagehot, James Bryce, and other thinkers.

    In 1974, when Hazlitt revised this book, he dropped some of the minor reforms he had suggested in order to concentrate on his advocacy of a parliamentary form of government. With a parliamentary form of government, popular disaffection with an administration at any time would require it to face the electorate promptly. Then if the voters expressed a lack of confidence, that administration would fall and have to relinquish control. Hazlitt contends that this would have saved us the “nightmare” of Watergate and Richard Nixon’s near-impeachment. Control would have passed from Nixon’s hands without a serious crisis. Whether or not one agrees with Hazlitt, his views are worth studying.

    Economics in One Lesson (New York: Harper & Brothers, 1946; Pocket Books, 1948; special edition for The Foundation for Economic Education, 1952; revised and updated paperback, New York: MacFadden-Bartell Corp., 1962; Westport, Conn.: Arlington House, 1979)

    An economic “classic.” The role of an economist, Hazlitt says, is to consider not only the consequences of an action that are “seen,” but also its “unseen” consequences. Hazlitt proceeds to analyze the “unseen” consequences of various government programs such as legally-fixed minimum wage rates, price controls, government spending, and the like.

    Will Dollars Save the World (Irvington-on-Hudson, N.Y.: The Foundation for Economic Education, 1947)

    After World War II, when the productive machinery of the warring nations was in a shambles, the world clamored for U.S. grants and loans. But, Hazlitt points out, the harm had been done not only by enemy bombing but also by inflation and economic controls. Hazlitt gives 17 reasons why Marshall Plan dollars will not save the world.

    To restore production, radical policy changes must be made to repeal government interventions. “The supreme irony is that the only country in the world today that is really producing anything—and for whose goods the rest of the world is therefore clamoring—is almost the only country that does not have government production ‘targets,’ but merely turns out goods in the volumes and proportions determined by supply and demand, free prices and free profits.” (p. 53) Hazlitt outlines a positive program to restore production in the devastated countries.

    The Great Idea (New York: Appleton-Century-Crofts, 1951; rev. ed., published as Time Will Run Back: A Novel About the Rediscovery of Capitalism (New Rochelle, N.Y.: Arlington House, 1966; Lanham, Md.: University Press of America, Inc., 1986)

    A fictional account set in the future when the entire world is under a single Communist dictator. His only son, Peter, heir to the dictatorship, had been raised by his mother who opposed Communism. When Peter’s father dies and he takes over, he encounters problems due to central planning. Conservatives in the Politburo oppose changes. But with the support and advice of one sympathetic Politburo member, he succeeds in introducing private property, free market prices, competition, and freedom of opportunity. Step-by-step they dismantle the controls. Fighting erupts between the two factions and there is a mild love story. A delightful way to learn some economics. The ending of the 2nd edition is modified slightly to make it somewhat more optimistic.

    The Free Man’s Library (Princeton, N.J.: D. Van Nostrand Co., 1956)

    An annotated bibliography of books that Hazlitt recommends to gain an understanding of the philosophy of the free market, limited government, private property system.

    The Failure of the “New Economics”: An Analysis of the Keynesian Fallacies (Princeton, N.J.: D. Van Nostrand Co., 1959; Lanham, Md.: University Press of America, Inc., 1983)

    John Maynard Keynes’ The General Theory of Employment, Interest and Money (1936) became the “gospel” on which practically all post-depression economic instruction has been based. Yet even Keynes’ followers found it “a badly written book, poorly organized … not well suited for classroom use.” (Paul Samuelson, quoted by Hazlitt, p. 2.) Moreover, when Hazlitt analyzed it, he was “unable to find in it a single important doctrine that is both true and original. What is original in the book is not true; and what is true is not original.” (p. 6) Nevertheless the book has had a tremendous influence. Hazlitt, therefore, proceeded to do something that had never been done before, to critique the Keynes book, chapter by chapter, on the basis of subjective, marginal utility (Austrian) economic theory.

    The Critics of Keynesian Economics, ed. by Henry Hazlitt. (Princeton, N.J.: D. Van Nostrand Co., 1960; Lanham, Md.: University Press of America, Inc., 1984)

    In the course of writing The Failure of the “New Economics,” Hazlitt encountered several noteworthy articles that criticized Keynes’ ideas. This anthology of the best of those includes essays by such well-known economists as B. M. Anderson, Arthur F. Burns, F. A. Hayek, W. H. Hutt, Frank H. Knight, and Ludwig von Mises. As if to underline Keynes’ lack of originality, two papers by pre-Keynes critics—Jean Baptiste Say (1767–1832) and John Stuart Mill (1806–1873) are included.

    What You Should Know About Inflation (Princeton, N.J.: D. Van Nostrand Co., 1960; 2nd ed., with statistics and tables updated to 1964, D. Van Nostrand Co., 1965)

    Hazlitt defines inflation as an “increase in the supply of money and credit.” (p. 1) A general increase in prices, he says, is “made possible … only by an increased supply of money.” (p. 6) To dramatize the unreliability of governments to “manage” money and maintain its value, Hazlitt quotes 12 denials by Chancellor of the Exchequer Sir Stafford Cripps that the British government would devalue the pound (pp. 22–24), denials made during the 20 months immediately prior to the British government’s September 18, 1949, devaluation. Hazlitt then proceeds to attack one inflationist fallacy after another.

    The Foundations of Morality (Princeton, N.J.: D. Van Nostrand Co., 1964; 2nd ed., Los Angeles: Nash Publishing, 1972)

    “[M]orality is older,” Hazlitt says, “than any living religion and probably older than all religion.” (p. 352) The role of the moral philosopher, therefore, is not to proclaim or maintain any particular religious faith. “His function is rather, to insist on the rational basis of all morality.” (p. 353)

    Hazlitt sees a common denominator in law, morals (ethics), and manners. Manners are “minor morals”; they rest on the same principles as do morals or ethics—sympathy, kindness, consideration of others, (p. 75) Law is a “minimum ethics,” a circle with the same center as moral philosophy, (p. 69)

    Hazlitt covers a great deal of material in this book. He reviews the classical literature on morality and ethics, and examines the teachings of the various religions. He discusses social cooperation and the need for general rules. The moral philosophy he sets forth is “utilitarian … [i]n the sense that all rules of conduct must be judged by their tendency to lead to desirable rather than undesirable social results.” (p. xii)

    Man vs. the Welfare State (New Rochelle, N.Y.: Arlington House, 1969; Lanham, Md.: University Press of America, Inc., 1983)

    The welfare state encompasses a mix of popular government interventions. In this book Hazlitt analyzes many of them—government spending, social security, progressive taxation, foreign aid, price controls, negative income taxes, planning, guaranteed employment—and he describes their devastating effects on incentives, savings, investment, and production.

    As a warning of what can happen, he points to Uruguay, a “welfare state gone wild.” He writes also of Herbert Spencer’s prescient warning of “the coming slavery” (1884) due to Britain’s incipient government intervention. In his final chapter, ‘What We Can Do About It,” he recommends among other things that persons on relief be denied the vote so long as they remain on relief.

    The Conquest of Poverty (New Rochelle, N.Y.: Arlington House, 1973; Lanham, Md.: University Press of America, Inc., 1986)

    “The history of poverty is almost the history of mankind.… [U]ntil about the middle of the eighteenth century, mass poverty was nearly everywhere the normal condition of man.” (pp. 13, 178) Attempts to alleviate poverty by government welfare and poor relief failed wherever and whenever tried—in Rome, in England, in France, in Germany, and in the United States. The “conquest of poverty” is a product of the capitalistic system which protected private property and enabled people to “save and invest their savings in industries producing goods for the masses.” (p. 214)

    The Inflation Crisis, and How to Resolve It (New Rochelle, N.Y.: Arlington House, 1978; Lanham, Md.: University Press of America, 1983)

    Part I incorporates several of the more important chapters of What You Should Know about Inflation. In Part II Hazlitt analyzes and criticizes additional inflationist fallacies. Here are some of the chapter titles: “What Spending and Deficits Do,” “What Spending and Deficits Do Not Do,” “Where the Monetarists Go Wrong,” “Inflation and Unemployment,” “The Specter of ‘Unused Capacity,’” “Indexing: The Wrong Way Out,” “Why Inflation Is Worldwide,” “The Search for an Ideal Money,” “Free Choice of Currencies.”

    From Bretton Woods to World Inflation: A Study of Causes and Consequences (Chicago: Regnery Gateway, 1984)

    Hazlitt’s New York Times editorials, written at the time of the 1944 Bretton Woods Conference, form the nucleus of this book. Hazlitt pointed out then that the International Monetary Fund (IMF), established at Bretton Woods, would be inflationary, hamper world trade, and retard economic recovery. Hazlitt was distrustful of any state or bank, including the IMF, which was empowered to issue paper money. Also included in this book are several later articles by Hazlitt which amplify his 1944 conclusions.

    The Wisdom of the Stoics: Selections from Seneca, Epictetus and Marcus Aurelius. Edited and with an introduction by Frances and Henry Hazlitt (Lanham, Md.: University Press of America, 1984)

    In the course of Hazlitt’s lifelong studies, he was impressed by the philosophy of the Stoics. Mrs. Hazlitt, Frances, researched their writings. Stoicism, founded by Zeno (c. 320–250 B.C.), a Phoenician, the editors write in their introduction, “is one of the permanent philosophies of life.… an indispensable element in any rational philosophy.” Stoicism deals with the good and virtuous life. This book is a collection of aphorisms by three great Stoics from vastly different backgrounds. Seneca (c. 4 B.C.–65 A.D.), born in Spain, studied in Rome, gained favor, fame, fortune, then the enmity of Emperor Nero and was ordered to commit suicide. Epictetus (c. 55–130 A.D.), an ex-slave, became a favorite of Nero’s, received his freedom, and later was expelled. Marcus Aurelius (121–180 A.D.) was an Emperor. The maxims assembled here offer guidance to everyday living and are suitable for daily reading.

    November 28, 1992 marked the 98th birthday of the noted author and economist Henry Hazlitt who has served with great distinction as a Trustee of The Foundation for Economic Education since FEE was founded in 1946, and whose personal papers and library are now housed at FEE. To mark his 95th birthday in 1989, Bettina Bien Greaves, a member of the Senior Staff of FEE and long-time admirer of Hazlitt, wrote this essay.

    • 1. Phrases within quotation marks attributed to Hazlitt are taken either from his autobiographical notes or from transcripts of interviews with him.
  27. Site: Zero Hedge
    7 hours 47 min ago
    Author: Tyler Durden
    Canadian Central Bank Exploring Digital Currency To Better "Track People's Spending Habits"

    Authored by Joeri Cant via CoinTelegraph.com,

    The Canadian central bank is reportedly considering launching a proprietary digital currency.

    image courtesy of CoinTelegraph

    Digital currency could share info with police and tax authorities

    On Oct. 16, news outlet The Logic reported that the Bank of Canada is exploring the possible opportunities and challenges related to launching its own digital currency. The central bank purportedly believes that a public central bank digital currency (CBDC) could be the answer to the direct threat that cryptocurrencies apparently present.

    The document, titled “Central Bank Money: The Next Generation,” was reportedly prepared for the current Governor of the Bank of Canada, Stephen Poloz, for a September 2018 board meeting and was presented as part of a two-year research project on whether or not the bank should launch its own CBDC. 

    On Oct. 17, an internal source at the Bank of Canada confirmed to Cointelegraph that the presentation did in fact happen. The author of the document, Stephen Murchison, wrote at the time: 

    “We need to innovate to stay in the game. [...] the CBDC would have all the benefits [of a central bank-backed asset] and all the convenience and security of wireless, electronic payments.”

    According to the document, one of the benefits to the Canadian central bank of launching its own digital currency would be the ability to collect more information on its citizens than is possible when people use cash. These personal details wouldn’t be shared with the payee, but could be shared with police or tax authorities, the document reads. 

    However, in an email to Cointelegraph, Josianne Ménard, spokesman for the central bank, said that the bank had not yet made any decisions as to whether it will launch its own digital coin, adding:

    “Our work on CBDC is exploratory, given technological advancements and the important public service that bank notes provide to Canadians.”

    China shifts development of CBDC in extra gear

    Cointelegraph recently reported that analysts at RBC Capital Markets suggested that stifling Facebook’s Libra may leave the field open to China’s own yuan-backed CBDC to dominate in emerging economies. RBC wrote to clients:

    "If US regulators ultimately dismiss Libra and decide not to draft regulations to encourage crypto innovation in the US, China's CBDC may be strategically positioned to become the de facto global digital currency in emerging economies.”

    Tyler Durden Fri, 10/18/2019 - 14:55 Tags Business Finance
  28. Site: LifeNews
    8 hours 42 min ago
    Author: Wesley Smith

    A few years ago, a Dutch doctor attended her elderly Alzheimer’s disease patient at a nursing home. The doctor’s purpose wasn’t to examine the patient or prescribe new medicines. Rather, she was there to kill.

    While competent, the patient asked to be euthanized when incapacitated, but she also instructed that she be allowed to say when. But before she did that, the doctor and her family decided that her time had come. The doctor drugged the woman’s coffee and, once she was asleep, began the lethal injection procedure. But the patient awakened unexpectedly and fought against being killed. Rather than stopping, the doctor instructed the family to hold the struggling woman down while she completed the homicide.

    This would seem to be a clear-cut case of murder. But a judge recently exonerated and praised the doctor for acting in the “best interests” of the patient by merely executing the woman’s previously stated wishes. In other words, the judge essentially ruled that the struggling patient was no longer competent to want to stay alive.

    The only unusual aspect of the “Case of the Struggling Alzheimer’s Patient” was the struggle. Even when incompetent and unable to make their own decisions, the law of Netherlands and Belgium allows dementia patients to be killed by doctors if they so order in written advance directives.

    Both countries also allow mentally ill patients who ask to die to be euthanized. Such procedures are not rare. According to government statistics, in 2017, Dutch psychiatrists and doctors euthanized 83 mentally ill patients. Sometimes these legal homicides are accompanied by consensual organ harvesting after death. One case — reported in an international transplant medical journal — involved a self-harmer (or “auto-mutilator”) for whom doctors applied the ultimate harm as a “treatment.” Without criticism — or even a moment’s reflection about the moral questions raised by such an act — the medical journal reported approvingly that the lungs of the deceased psychiatric patient were well accepted by their recipients.

    The Supreme Court of Switzerland, a country that permits assisted suicide clinics — ruled several years ago that the mentally ill have a constitutional right to access death. Accordingly, there are many verified cases of the non-physically ill being assisted to kill themselves — including an elderly woman who wanted to die because she had lost her looks.

    Click Like if you are pro-life to like the LifeNews Facebook page!

    (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.10"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));

    LifeNews.com

    Canada, which recently legalized lethal injection euthanasia for those whose deaths are “reasonably foreseeable,” now is debating expanding the right to be killed to those whose lives are not in danger. Prime Minister Justin Trudeau is on record as favoring liberalization and has stated his government will not appeal a recent court ruling declaring the foreseeable death limitation to be unconstitutionally restrictive and discriminatory.

    How far is the expansion likely to go? Many Canadian euthanasia advocates are pushing for revisions that would allow people with mental illnesses and dementia to be killed by doctors in the same manner as now allowed in the Netherlands and Belgium. And here’s some breaking news: the Alzheimer Society of Canada — which is supposed to advocate for the welfare of such patients — has officially endorsed allowing euthanasia by advance directive. This means that even if the incompetent patient is not suffering — perhaps even if he or she expresses no desire to die — their former self’s decision trumps the current self’s needs and desires.

    Meanwhile, there has already been at least one depressed Canadian apparently euthanized at his request even though his death was not foreseeable. The man’s family even begged doctors to spare his life, but to no avail.

    What about the U.S.? Would we ever follow such a course? As of now, the nine states and the District of Columbia that have legalized assisted suicide limit access to patients who are terminally ill. But that’s more a political expediency than a principled limitation. Indeed, restricting assisted suicide to the dying is philosophically unsustainable.

    Think about it. If the point of allowing suicide by doctor is to eliminate suffering — and if eliminating suffering can include eliminating the sufferer — how can facilitated death be forbidden to patients, such as those with dementia and mental illness, who may suffer far more extremely and for a much longer time than the already dying? It makes no sense.

    Despite continuing disapproval of euthanasia for mental illness by the American Psychiatric Association, that point is increasingly being made in the media and professional journals. For example, an article just published in the American Journal of Bioethics argues that since “the suffering associated with mental illness can be as severe, intractable, and prolonged as the suffering due to physical illness,” as a matter of “parity,” in “severe” cases, “PAD” (physician-assisted death) should be made available to mentally ill patients with “decisional capacity” — even when they have “a relatively long expected natural lifespan.” The authors, University of Utah psychiatry professor Brent M. Kious and noted assisted suicide advocate and bioethicist Margaret (Peggy) Battin, go so far as to suggest that “psychiatrists and other mental health professionals” could one day become “gatekeepers for PAD” once “a metric for suffering in both mental and physical illness” is established.

    Ponder this for a moment. Instead of being duty-bound to save the lives of all their suicidal patients, mental health professionals would become approvers for and facilitators of self-destruction. That should be unthinkable.

    Alas, the first small legal steps toward permitting the demented and mentally ill to access suicide by doctor have already been taken. After California legalized assisted suicide for the terminally ill, the Department of State Hospitals promulgated a regulation requiring that patients who have been involuntarily committed — and who have become terminally ill — be provided access to assisted suicide despite their mental illness. By definition such people are not legally competent, or else why would they be involuntary hospitalized?

    Meanwhile, Nevada just enacted a law that allows dementia patients to instruct caregivers to withhold “food and water” once they reach incapacity toward the end that they starve to death. Please note that this first-of-a-kind law isn’t about refusing a feeding tube or preventing force-feeding. Rather, the law (SB 121) permits patients to order their future selves to be refused “food and water” — even if they willingly eat, perhaps even if they ask caregivers for sustenance. That’s homicide by neglect.

    Don’t take my word for it. The influential bioethicist Thaddeus Mason Pope wrote about the law:

    Even after we stop offering food and fluids, other problems may arise. Most problematically, the patient may make gestures or utterances that seem to contradict her prior instructions [to be starved]. Does such communication revoke the advance directive? A recent court case from the Netherlands suggests the answer is “no.” Once the patient reaches late-stage dementia, she is unable to knowingly and voluntarily revoke decisions she made with capacity. But the answer remains uncertain in the United States.

    In other words, Pope believes that a court could one day rule that an advanced dementia patient isn’t “competent” to want to eat.

    Of course, the point of such advocacy isn’t really starvation but convincing people to allow intentional overdosing of these vulnerable patients by doctors. After all, if we are going to end their lives, the reasoning goes, we should at least do it humanely. If we accept the propriety of intentionally ending dementia patients’ lives based on their prior instructions, that argument certainly has emotional appeal.

    Accelerating advocacy for legalizing euthanasia is pushing us toward making a stark choice. We can decide that assisted suicide is an acceptable response to human suffering, allowing people to die — but also unleashing gravitational forces of logic that will lead inexorably (over time) to a broader killing license, including of the killing of dementia and mentally ill patients as advocated by Kious and Battin. Or, we can focus instead on suicide prevention in all cases. Such caring takes more time, commitment, and resources, but better exemplifies true “compassion,” the root meaning of which, after all, is to “suffer with.”

    Kious and Battin are on the mirror opposite side from me in the euthanasia debate, but we agree that there is no such thing as a “little” euthanasia: In for a penny is in for a dollar. Those with eyes to see, let them see.

    LifeNews.com Note: Wesley J. Smith, J.D., is a special consultant to the Center for Bioethics and Culture and a bioethics attorney who blogs at Human Exeptionalism.

  29. Site: AsiaNews.it
    8 hours 47 min ago

    The president of the Eugene Bell Foundation announces new spaces for cooperation with the North Korean authorities.  In 2017, over 130,000 North Koreans were infected, with 16,000 deaths.  However, there is no agreement with the Global Fund, which should finance part of the project.

     

  30. Site: LifeNews
    9 hours 3 min ago
    Author: Dave Andrusko

    Newcomers to the pro-life camp may not be aware that even our benighted opposition ruefully conceded that the debate over partial-birth abortions changed the trajectory of the abortion debate.

    Not that they didn’t try every dirty trick in the book to hold back the tide. We were told partial-birth abortions either didn’t happen or were unbelievably rare (in fact there were thousands performed); it’s not a “medical term” (it’s a legal term of art defined by Congress as a matter of federal law); and the Supreme Court would never uphold it (the High Court did in Gonzales v. Carhart)—to name just three distortions.

    Partial-birth abortion cut through the gauzy euphemisms. A baby is partially delivered, surgical scissors are jammed into the baby’s skull, and her brains are vacuumed out like soot.

    This shock of recognition was pivotal in clearly the path for the Supreme Court to uphold the federal ban in 2007.

    There are no end to the examples of how pro-abortionists are attempting the same game of distortion and misrepresentation when it comes to dismembering living unborn human beings. To take just one example, a post that appeared in the pro-abortion ThinkProgress written by Casey Quinlan.

    To her credit, Quinlan was honest enough to concede one thing directly and one indirectly. The former was contained in the subhead: “But it won’t stop other states from introducing these bans.”

    The latter we find when she quotes Elizabeth Nash, senior state issues manager at the pro-abortion Guttmacher Institute.

    Nash added that she finds it encouraging that the media and public have not popularized terms used by anti-abortion activists to describe these laws. By using language that makes the procedures sound dangerous, anti-abortion activists were successful in pushing for what they called “partial birth” abortion bans in the 1990s, Nash explained. This was a different second-trimester procedure called intact dilation and extraction.

    HELP LIFENEWS SAVE BABIES FROM ABORTION! Please help LifeNews.com with a year-end donation!

    “They use this term called ‘dismemberment abortion,’ which hasn’t been picked up in the same way that partial birth abortion was used,” Nash said. “We haven’t seen that term catch up, so I am wondering if that shows some sense of reluctance on the part of the public and the media to buy into the claims by abortion opponents on this issue.”

    While this is 50% error and 50% spin and 100% incorrect, Nash has the big picture correct. The media coverage of laws to ban the dismemberment of living unborn babies could have been written by Planned Parenthood and NARAL.

    The coverage (a) relentlessly misrepresents what the law bans; (b) lifts the description of the “banned abortion procedure” from the pro-abortion playbook; and (c) makes what happens to the unborn child sounds almost like an abstraction.

    In fact, dismemberment abortions are every bit as brutal as partial-birth abortions. This “technique” tears and pulverizes living unborn human beings, rips heads and legs off of tiny torsos as the defenseless child bleeds to death. It is a measure of how trafficking in abortion dehumanizes practitioners and defenders alike that a common beside-the-point response is that all “surgery” is “gross.”

    Just to be clear, what 99% of the public knows about dismemberment abortions is what the compliant, pro-abortion media tells them. If only half of the stomach-turning reality of this “abortion procedure” were conveyed, you would find overwhelming opposition akin to that we saw in the public’s outrage over partial-birth abortion.

    In the meanwhile, it is up to you and me to share what you read in NRL News Today with as wide a circle of your friends and contacts as possible.

    LifeNews.com Note: Dave Andrusko is the editor of National Right to Life News and an author and editor of several books on abortion topics. This post originally appeared in at National Right to Life News Today —- an online column on pro-life issues.

  31. Site: LifeSite News
    9 hours 4 min ago
    Attorneys for the mother who is trying to 'transition' the seven-year-old argued it wasn't beneficial to the case for people who side with the dad to be in the courtroom.
  32. Site: LifeNews
    9 hours 27 min ago
    Author: Steven Ertelt

    A Democrat strategist says Democratic presidential candidate Pete Buttigieg has “real moral authority.” That’s hard to read with a straight face given that Buttigieg strongly supports abortion and would push abortions up to birth as president.

    As Daily Caller reports:

    Former Clinton administration staffer Michael Gordon said Buttigieg’s performance at Tuesday night’s debate stood out from other presidential candidates and that the Democratic mayor “definitely got more aggressive,” Newsweek reported Thursday. Gordon is the chief executive of strategic communications at Group Gordon.

    “You could picture him more going toe-to-toe with [President Donald] Trump,” Gordon told Newsweek. “He has a real moral authority in the way he talks, so he’s someone … who could surprise in, like Iowa.”

    But Buttigieg is an abortion activist who even misused the Bible to promote killing babies.

    Buttigieg suggested that unborn babies can be aborted up until they draw their first breath, saying parts of the Bible mention “how life begins with breath.” He said Republicans hold everyone in line with doctrine about abortion.

    ” … which is obviously a tough issue for a lot of people to think through morally,” Buttigieg said. “Then again, there’s a lot of parts of the Bible that talk about how life begins with breath, and so even that is something that we can interpret differently.”

    But even Buttigieg’s own family recognized how far off that claim really is.

    LifeNews depends on the support of readers like you to combat the pro-abortion media. Please donate now.

    Pastor Ryan Glezman, a brother-in-law of the presidential candidate, urged Buttigieg to “actually open his Bible” and read what it says about the value of human life, according to the Daily Caller.

    “I’d like to make a plea with him that he reconsider, and actually open his Bible — I actually ask all people to open up their Bibles as they’re watching this — to then turn to Psalm 139,” Glezman told Fox News host Tucker Carlson.

    “How can you read those passages that talk about [how] we are fearfully and wonderfully made in the image of God, intrinsically, yet we are woven together in the woman’s womb,” the pastor continued.

    Even in ancient times, babies in the womb were viewed as valuable, as is evident in Luke 1:41. Jesus placed great value on children when others in society did not in Matthew 19:14, and Proverbs 6:16-17 states that one of the things God hates most is the shedding of innocent blood. One of the ten commandments prohibits murder.

    Glezman said he hopes his brother-in-law will “reconsider” his “absurd and outlandish” position on the rights of unborn babies.

    “I’m a pastor, I share the Gospel — politics is secondary to me,” Glezman said. “I’m about sharing the good news of Christ, and I hope all people watching this… as these Democrat debates come up here in a couple of days … that people would stop and actually think. We’re not talking about just a little blob of cells, we’re talking about human life.”

    He said Christ commands his followers to uphold the dignity and respect of all human life.

    “We need to stand for all the born and all the unborn …” he said. “Pete has to make a decision. Are you going to stand up for the most vulnerable or seek the power and distort Scripture to meet your own political agenda? And that’s exactly what we are seeing just not with Pete but with the whole Democratic Party down the line.”

    Buttigieg supports Planned Parenthood, the largest abortion chain in America, and says he would consider forcing taxpayers to fund elective abortions by repealing the Hyde Amendment.

    In August, when asked about abortions in the third trimester, he said he thinks they should be legal.

    “The bottom line is, as horrible as that choice is, that woman, that family, may seek spiritual guidance, they may seek medical guidance, but that decision isn’t going to be made any better, medically or morally, because the government is dictating how that decision should be made,” he said.

  33. Site: LifeSite News
    9 hours 55 min ago
    Celibacy is a gift from God. Any person in the world can live the celibate life from the moment he freely states: ‘I want to live this way of life.’
  34. Site: Gloria.tv
    9 hours 58 min ago
    Author: HerzMariae
    Bishop Schneider quoting Pope Pius VI. Ambiguous language "can never be tolerated in a Synod of which the principal glory consists above all in teaching the truth with clarity and excluding all danger of error".
  35. Site: AsiaNews.it
    10 hours 3 min ago

    Out of 12 small groups, five are in favour, four against, three others would leave the decision to the Pope or to a universal synod. There is agreement over environmental problems and the violence endured by indigenous people. The contribution of women to evangelisation must be valued. One proposal calls for an "Amazonian rite".

  36. Site: The Orthosphere
    10 hours 10 min ago
    Author: JMSmith

    William Blake said that some men could see the world in a grain of sand, and he meant, I believe, that some men could see the portent of things.  It is indeed remarkable how little things can sometimes condense the meaning of an entire world.  Here’s one such little thing that appeared in my mailbox yesterday.  It doesn’t condense the meaning of the world, but it does speak volumes one part of that world for those who have ears to hear.

    Hi Jonathan,

    As a result of the positive shift in attitudes towards mental health, more and more students are seeking out on-campus counseling services. One way of easing the growing burden on counseling centers is to actively promote resilience in your students, to help them acquire the mental fortitude needed to succeed in all areas of collegiate life.

    Affected informality is pervasive, and just what you would expect in a world where people have no real friends with which to contrast total strangers.  The author of this message does not know me and did not even type my first name in the breezy, computer-generated salutation.  (The flight to first names also sidesteps the troublesome question of honorifics, where the catch-all Ms. was no sooner invented, then the peril of “misgendering” was invented.)

    Generation snowflake is not, they would have us believe, a passel of crybabies or neurotics, but the natural result of an end to the stigma of mental illness.  This is what we call “positive spin,” and it can be applied to any disquieting social development.  There is, for instance, no opioid crisis, only a decline in shame over drug addiction, and a corresponding decrease in the number of families who burry their overdosed relatives in the back yard.

    The end of this stigma has placed a “burden” on the poor people ended the stigma, and whose job its is to deal with all of these crushed flowers.   So they kick it to the professors who already have their hands full teaching math, science and, dare I say it, geography.  We are now asked to add “resilience” and “mental fortitude” to the curriculum, perhaps by setting students adrift in a small lifeboat for three weeks.

    And professors who lack the mental fortitude to use the lifeboat strategy are invited by the senders of this message to fly to Washington, pay the sender a large fee, and paint the town red attend a conference with speakers and a workshop.

    It’s not the world in a grain of sand, but it is my world in fifty-eight words.

  37. Site: Gloria.tv
    10 hours 14 min ago
    Author: Tesa
    The daily beast. Video found on Twitter, published October 18
  38. Site: Global Research
    10 hours 28 min ago
    Author: Elijah J. Magnier

    The United States of America emerged victorious from the Second World War, and came out stronger than any other country in the world. The allies- notably the Soviet Union- won the war but emerged much weaker. They needed to reconstruct

    The post Winners and Losers in the Turkish Attack on Syria. Russia is the Most Successful Player appeared first on Global Research.

  39. Site: Euthanasia Prevention Coalition
    10 hours 34 min ago
    Alex Schadenberg
    Executive Director, Euthanasia Prevention Coalition

    The Ontario Office of the Chief Coroner released the updated data for MAiD (euthanasia and assisted suicide) deaths in Ontario indicating that since legalization (June 17, 2016) there have been (3822) reported assisted deaths up to September 30, 2019.

    The number euthanasia deaths is increasing fast. The number of reported assisted deaths were 519 from July 1 - Sept 30, 406 from April 1 and June 30 and 368 in the first three months of 2019.  

    Ontario is now on the pace of killing more than 2000 people per year by euthanasia and since the federal government has not appealled the decision by a Québec court that struck down the terminal illness restriction, the numbers of euthanasia deaths will likely increase faster.

    Alan NicholsIn August, we learned that Sean Taggert died by euthanasia in British Columbia because the government refused to provide him the necessary home care for him to live with ALS.

    In September we reported on the euthanasia death of a man in British Columbia who was not physically ill but living with chronic depression. Alan Nichols death uncovers that the data does not accurately state why people die by euthanasia and whether or not alternatives were tried.

    Do you have a personal story concerning euthanasia. Sharing your story may help us prevent euthanasia deaths. Contact us at: 1-877-439-3348 or info@epcc.ca.

    According to the Ontario data, there were 1293 reported assisted deaths in the first nine months of 2019, 1499 reported assisted deaths in 2018, 841 reported assisted deaths in 2017 and 189 reported assisted deaths in 2016.

    In March I published an article explaining that the number of assisted deaths, in Canada, increased by more than 50% in 2018 from 2704 in 2017 to 4235 in 2018. 
     If you have questions or concerns related to assisted death or ending of life medical decisions, we urge you to contact Compassionate Community Care for advice, help and support.
  40. Site: Global Research
    10 hours 36 min ago
    Author: Brandon Smith

    For many years now I have focused a considerable amount of analysis on the subject of Syria, with an emphasis on the country’s importance to the global elites as a kind of geopolitical detonator; the first domino in a

    The post The Syrian Debacle Is Actually Well Planned Chaos appeared first on Global Research.

  41. Site: Global Research
    10 hours 40 min ago
    Author: Stephen Lendman

    On Thursday in Ankara, Turkish President Erdogan met with Mike Pence and Pompeo, a joint statement by both sides issued following talks. See below. 

    Trump regime hardliners want their imperial agenda in Syria continued, notably aiming to undermine Russian efforts …

    The post Contradictory US/Turkey Ceasefire in Northern Syria. Turkey is Playing the US and Russia Cards Simultaneously appeared first on Global Research.

  42. Site: OnePeterFive
    10 hours 42 min ago
    Author: Eric Sammons

    Epistle: Ephesians 4:23-28 
    Gospel: Matthew 22:1-14 

    Almighty and merciful God, in Thy goodness keep us, we beseech Thee, from all things hurtful; that we, being ready both in body and soul, may accomplish those things which belong to Thy service.
    – From the Collect for the Nineteenth Sunday after Pentecost

    Sunday’s Gospel presents one of Our Lord’s most mysterious parables: the Parable of the Wedding Feast. Jesus tells of a king who hosts a marriage feast for his son. First he invites “them that were invited”—the high ranking men and women of his kingdom, most likely. But being too busy, they do not come. The king has them killed, and then invites anyone and everyone; he tells his servant to “go…into the highways” and invite all he can find. At the feast, however, is a man who doesn’t have a wedding garment; the king sees him and has him thrown out from the feast. 

    What does this parable mean?

    The first guests are those who put the cares of this world before faith in Jesus Christ. This is the mass of humanity, who set their sights on earthly things rather than heavenly things. Our Lord told us to “Seek ye therefore first the kingdom of God, and his justice, and all these things shall be added unto you” (Mt 6:33). God demands our complete discipleship, and he demands we put Him before all things; we cannot serve both God and mammon (cf. Mt 6:24). Further, this parable is a dire warning for anyone who puts his earthly life before his soul: “when the king had heard of it, he was angry: and sending his armies, he destroyed those murderers and burnt their city” (Mt 22:7). Eternal damnation is the result of those who reject Christ.

    Who are those whom the king invites next? They represent the baptized; those who enter into the feast (the Church) and partake of its food (the Eucharist). The imagery that Christ uses to represent the baptized should be humbling to us all: we are just random people on the street; it’s not due to any personal attributes we possess that we are invited. The focus therefore is on the king, who invites us in spite of our nothingness. We don’t deserve entrance into the feast, but the king in his abundant graciousness allows us to enter. 

    And what about the man who is kicked out because he doesn’t have a wedding garment (Mt 22:12-13)? St. Gregory the Great explains:

    What do we think is meant by the wedding garment, dearly beloved? For if we say it is baptism or faith, is there anyone who has entered his marriage feast without them? A person is outside because he has not yet come to believe. What then must we understand by the wedding garment but love? That person enters the marriage feast, but without wearing a wedding garment, who is present in the holy church. He may have faith, but he does not have love. We are correct when we say that love is the wedding garment because this is what our Creator himself possessed when he came to the marriage feast to join the church to himself. (Forty Gospel Homilies 38.9)

    Our Lord is warning those who are baptized that they must respond to that baptism, and the fitting response is love. If we do not love God and our neighbor, then our baptism will not save us from the same fate as those who declined the invitation. St. Paul explains in Sunday’s Epistle how to avoid that fate: “Be renewed in spirit of your mind: And put on the new man, who according to God is created in justice and holiness of truth” (Eph 4:23-24). We must become new creations, no longer living for ourselves, but for others. By performing acts of charity, we put on the wedding garment for the feast.

    The Parable of the Wedding Feast urges us to look after the salvation of ourselves and of others. We must invite those who have not yet entered the feast (the unbaptized) to enter the Church. Further, we must urge those at the feast to put on their wedding garments, which are acts of love, and we must do so as well. Otherwise, we risk being “cast into the exterior darkness [where] there will be weeping and gnashing of teeth” (Mt 22:14).

    The post Scripture & Tradition: Nineteenth Sunday After Pentecost appeared first on OnePeterFive.

  43. Site: Mises Institute
    10 hours 43 min ago
    Author: Jeffrey Harding

    My family moved to California in 1950, part of the post-WWII westward migration. My widowed mother, tired of Boston’s dreary winters, felt the westward pull. My eldest brother, a WWII Navy veteran, had heard good things about San Diego from sailors who had been stationed there during the war. So, California, here we come.

    I would like to think those were the golden years, at least for us. California was new, bright, warm, and full of promise. The East was old and cold. And San Diego was thriving. Defense and aerospace jobs were plentiful. Land was cheap, homes were cheap. A building boom met the housing needs for optimistic migrants. You could get things done in California.

    It’s not that California anymore. We are overregulated and overtaxed and people aren’t so optimistic. People want to leave.

    What Happened to the Golden Years?

    A recent poll of the state’s registered voters by Cal’s Institute of Governmental Studies revealed that half have considered leaving the state. The top reason was the high cost of housing (especially by young people); high taxation was second.

    The poll also asked if California was one of the best places to live or a just an OK-to-lousy place to live. About half said yes and half went the other way. Interestingly 67% of Democrats said it was one of the best while 77% of Republicans disagreed. Apparently, Democrats like expensive housing, high taxes, and being overregulated.

    Are people leaving California? It depends on whom you are talking about. More people are out-migrating to other states than those coming in (156,000), but much of that was offset by international migrants(+118,000) resulting in a net population loss of only 38,000 (2018).

    Perhaps it has something to do with the fact that California is the most regulated state in the nation — by far. The Cato Institute analyzed the laws of each state by measuring the amount of individual legal restrictions in their legal codes. California was at the top, way at the top with 395,503 individual restrictions (laws, prohibitions). We surpassed No. 2, ultraleft New York, by almost 90,000 restrictions. Our politicians in Sacramento keep passing hundreds of new laws every year yet half of Californians are thinking of leaving.

    And then there are taxes. California has the highest income tax rate of all states (13.3%). The highest combined federal and California income tax rate is now about 50% of taxable income. If you and your spouse have $200,000 of taxable income, your combined federal and California tax rate is 41.3%. That’s not something you should be applauding since California ranks 42 out of 50 states in fiscal solvency .

    Two new pieces of legislation will make things worse, much worse. One is statewide rent control. The other is the reclassification of independent contractors as employees.

    The War Against Low-income Renters

    A rent-control law, Assembly Bill 1482, was signed by Governor Newsom on October 8, 2019 . It limits apartment rent increases to 5% plus inflation per year (not to exceed 10%). It affects units built at least 15 years ago (on a rolling timeline). Rents can be adjusted to market rates only when a tenant leaves, but tenants can only be evicted for “cause.” Newsom said “These anti-gouging and eviction protections will help families afford to keep a roof over their heads …” But what if it doesn’t? What if it will harm tenants, especially poor ones?

    The advocates of rent control seem to have no grasp on the economics of price controls. Perhaps they should consult an economist. In a survey of prominent economists , 81% agreed that rent controls have not had a positive impact where they have been tried.

    Why would these cold-hearted economists oppose rent control? Because rent controls don’t work and they do the opposite of what was intended: they hurt poor renters.

    Here is what will happen with rent control in our high-demand coastal communities:

    • Owners will raise rents to the maximum every year to protect asset values.
    • Owners will be far more selective in choosing tenants, thus limiting housing for poor, less creditworthy applicants.
    • Tenants will be reluctant to move from rent controlled properties which tends to freeze the rent-controlled rental market leaving fewer apartments available for rent.
    • Rent controlled units will be gentrified as historical evidence shows that higher income tenants will be the most benefited class of renters.
    • Affordable apartment inventory will be further reduced as owners evict tenants, tear down older buildings, and build new, more expensive units which will be exempt from rent control.
    • More apartments will be converted to condos, further reducing affordable inventory.
    • Owners will cut back on expenses to preserve cash flow, thus reducing the quality of rentable units.

    Overall, rent control will disincentivize investors from investing in affordable apartments.

    These conclusions aren’t guesses or just fuzzy theories — they are based on actual experience from rent controlled areas.

    Adios Gig Economy

    The new law on classifying independent contractors as employees (AB 5) is a stab in the heart of the gig economy — the economy that provides convenient low-cost services when you want them. Think Uber and Lyft for ride sharing. You will now pay more and get less. That assumes they will stay in California. Uber, as everyone knows loses money (EBITDA earnings for 2018: $2.41 billion). If they can’t make money on their present business model, how can they possibly make money if their driver costs go way up? So, I repeat myself: will they be around in a couple years? Will those drivers who feel they are being treated unfairly be out of work?

    This is a classic example of the Canute Effect.1 If you recall, Canute was the Danish king, who, legend has it, ordered the tide to stop coming in. Canute was obviously either detached from reality or just an arrogant megalomaniac who thought he could command nature.

    In our case, our legislators believe they can just pass a law and make things better. It doesn’t work that way. There are controlling economic realities that they ignore or, most likely, aren’t even aware of.

    Everybody knows that Uber changed the world for the better. Consumers loved the new service. Drivers signed up to make extra money, setting their own hours. So why do our politicians want to kill Uber and Lyft? We should ask ourselves: who would be better off without Uber and Lyft? Here’s a clue: in the governor’s statement supporting AB 5 he went out of his way to say, “A next step is creating pathways for more workers to form a union, collectively bargain to earn more, and have a stronger voice at work.” It’s an obvious power grab by unions who wish to unionize (i.e., kill) the gig economy. Unions are famous for protecting the status quo and fighting for more power. Taxi companies no doubt had their hand in it too.

    Understand that Uber and Lyft are just the tip of the gig economy. We all lose.

    The Tipping Point

    I just reread Malcolm Gladwell’s wonderful book, The Tipping Point, in which he details the things that push societal change over the edge. My fear is that California is getting to a point where the dynamism that has driven our mighty state’s prosperity will be snuffed out. Are we at the tipping point yet? I don’t really know, but with 395,503 restrictions on the books, I don’t see how it can get better.

    Our politicians are quick to say this will never happen. They say we have the most vibrant tech economy in the world. Our farms feed the country. People love California. They believe they are making things better. Yet they continue to pass laws that tamp us down. At some point it will tip over and the impact of their regulations and taxes will overcome the forces that made California great. These new laws are getting us closer.

    • 1. Canute Effect: A belief by politicians that they can change reality by fiat.
  44. Site: Global Research
    10 hours 43 min ago
    Author: Kathy Kelly

    Writing about his visit to the world’s largest weapons bazaar, held in London in October, journalist Arron Merat describes reading the slogan emblazoned above Raytheon’s stall: “Strike With Creativity.” Raytheon manufactures Paveway laser-guided bombs—produced in factories in the United States

    The post Death, Bloodshed, and Misery in Yemen appeared first on Global Research.

  45. Site: Global Research
    10 hours 47 min ago
    Author: Johanna Ross

    In what has been deemed a boost for British Prime Minister Boris Johnson, a Brexit deal has finally been agreed with the EU, just a fortnight before the UK’s planned withdrawal date of 31st October. It was unclear right

    The post Johnson Secures a Brexit Deal; but Does It Change Anything? appeared first on Global Research.

  46. Site: Global Research
    10 hours 48 min ago
    Author: Larry Romanoff

    Some aspects of the American style of competition become more clear when placed in a broader context, in this case the underlying socio-economic system, so let’s take a quick look at the difference between capitalism and socialism. For at least

    The post What is the Difference between Capitalism and Socialism? appeared first on Global Research.

  47. Site: Global Research
    10 hours 53 min ago
    Author: Kurt Nimmo

    Did you watch the Democrat debate? I didn’t. I haven’t had cable television and access to the alphabet propaganda networks for well over a decade. I suppose I could have watched it on the web, but why bother? The outcome

    The post Democrat “Debate” Ignores War Crimes of the State appeared first on Global Research.

  48. Site: Global Research
    10 hours 55 min ago
    Author: M. K. Bhadrakumar

    The scenario agreed on behind the curtains through months of confidential exchanges, often one-on-one, between the Russian and Turkish leaders regarding north-eastern Syria is entering a critical phase of implementation on the ground with the agreement between the Kurds and

    The post It’s Curtains for US in Syria. Russia, Iran Owe Big Thanks to Erdogan appeared first on Global Research.

  49. Site: Global Research
    10 hours 56 min ago
    Author: Andre Vltchek

    It is very popular these days to talk and write about the “trade war” between the United States and China. But is there really one raging? Or is it, what we are witnessing, simply a clash of political and ideological

    The post US-China “Trade” War? No Way. Only the Defeat of Turbo-Capitalism! appeared first on Global Research.

  50. Site: Gloria.tv
    10 hours 57 min ago
    Author: en.news
    Two Extinction Rebels got what they deserved today, a good thrashing.
    Extinction Rebellion is a U.K. climate alarmism movement with the aim of using “civil disobedience” to compel government action in a non-democratic way.
    Fed up commuters dragged down two Extinction Rebellion members who had climbed up to the roof of a commuter train at Canning Town, in London with a banner that read “Business as usual = death" (video down below).
    The commuters waiting to board the train, very nearly gave the two morons a first-hand experience of death and extinction. Both protesters were arrested and are said to be in custody.
    Meanwhile at another station in Shadwell in East London, a Catholic Priest, 52-year-old Passionist Father Martin Newell got arrested together with his colleague Sue Parfitt a 77-year-old Anglican woman priest, whilst they were attempting an “ecumenical protest” atop a Dockland Light Railways train destined for the City.
    Father Newell from Birmingham diocese, where the latest English Saint John Henry …

Pages

Subscribe to Distinction Matter - Subscribed Feeds