China's 44th naval escort task force - from the People’s Liberation Army (PLA) Eastern Theatre - has been involved in routine operations in the region and spent several days in Oman last week.
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The deficit was $1.7 trillion for the most recent fiscal year, which ended September 30, according to Treasury Department data released Friday. However, the deficit essentially doubled to about $2 trillion if the impact of President Joe Biden’s federal student debt cancellation plan – which the Supreme Court struck down before it took effect – is not included.
Interest costs rose almost 40% last year, and soon we’ll spend more on interest than we do on national defense.
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With all the fuss about the new Scorsese movie, it is said that the Oklahoma Osage tribe was, in the 1920s, the richest subset in the entire world.
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A St. Louis youth football team had the rest of its season canceled after a player’s parent allegedly shot the coach multiple times for not putting his son as a starter for the team, according to city and police statements.
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Free Markets Versus Force
"One of the important achievements of free markets is that they peacefully prompt individuals not only to respect the preferences of others, but also to help others achieve their goals even when those preferences and goals are not widely shared. Furthermore, no one is compelled to offer such assistance; such assistance is given voluntarily; it is elicited through commercial offers.
Industrial policy, in contrast, conscripts everyone into serving the vision of the architects of the industrial policy. Many NatCons today, for example, long for an economy featuring more factory jobs. Never mind that most Americans don’t want such jobs (as we can tell because most Americans would not agree to take the pay cuts that would be required to ‘purchase’ the privilege of having many more such jobs). But if these NatCons ever manage to grab enough political power, they’ll try to impose their vision – an imposition that will be impossible to achieve without the NatCons threatening coercion on anyone who is prone to act in ways that would undermine the NatCons’ scheme."--Bordeaux
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