LMR – November 2014

A huge story that broke this month is the implosion of the fortunes of MIT economist Jonathan Gruber, who was a key designer of the Massachusetts health care legislation passed under Governor Mitt Romney (aka “RomneyCare”) and who played a major role in the computer modeling of the Affordable Care Act (aka “ObamaCare”).

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LMR – October 2014

Sometimes it may seem as if those of us preaching the doctrines of economic and political liberty suffer from a contradiction. If things are so bad, what’s the point of educating the public? If State officials are capable of the skullduggery that we document every month in these pages, how in the world will knowledge of Austrian economics make a difference?

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LMR – September 2014

What is it about hope that we should pay special mind to it in this LMR issue? Perhaps we should start with its common definition, which states that, “Hope is a feeling of expectation and desire for a certain thing to happen.” Other, more elaborate versions add that it contains an “optimistic attitude based on an expectation of positive outcomes related to events and circumstances in one’s life or the world at large.”

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LMR – August 2014

“A teacher is designated solely and exclusively by the student,” so said the great Leonard Read. !is statement has to be true in that no one can force a change in the beliefs of another. The best that can be done is to submit new and verifiable information with hopes that those who receive it will consider it. Consequently, the in$uence that we have on others in the area of disseminating knowledge is restricted.

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LMR – July 2014

Every quarter of the year millions of Americans open up their 401(k) or 403(b) qualified plan reports and receive a tremendous boost to their overall financial well being. There is a sense of growing wealth and prosperity that surges through the individual from merely looking at the rising numbers of this quarter compared to last. It is all because the rising numbers on the reports are tied to the stock market and these days it is soaring at an all time high.

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LMR – June 2014

The Great Deformation. Such is the title of David Stockman’s New York Times bestseller. Stockman explains his book’s purpose in the following way: “This book argues…that what is at hand is the “Great Deformation.” Free markets and prosperity are deeply imperiled because the state and its central banking branch have failed miserably due to overreaching, overloading, and outside capture.

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LMR – May 2014

What do we mean by the 10%? The ten percent is a purpose—an aim with great value. It is the tipping point to victory. It is a target that is not only specific, but its attainability can
be and has been measured scientifically.

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LMR – April 2014

“Oh, he’s nothing more than a human being!” —a young precocious child blurts out as the King parades in procession before his subjects.

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LMR – March 2014

Virtually every social problem today that ostensibly justifies further government intervention into our private affairs, has at its root an economic foundation. Beyond the obvious issues such as the Fed’s “quantitative easing” programs, proposals to raise the minimum wage, and of course ObamaCare, even things like the situation in Ukraine—where cynics suspect energy has more to do with it than political self-determination—require knowledge of economic science.

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LMR – February 2014

As this issue goes to publication, we hear reports of Russian troops crossing into Ukraine. There will no doubt be complaints from the traditional opponents of President Obama that he is “soft” and that the “lessons from history” indicate that decisive U.S. force is urgently required. We are neither historians nor military strategists. But we do understand the historical connection between war and the growth of government. When once the dogs of war are unleashed, it is very difficult to bring them to heel.

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