December 29, 2006
The Arab Street
Posted by Jon Ham at 10:58 PM
Hal, it will be interesting to see how the fabled "Arab Street" responds to Saddam's death. All night I've been hearing about possible riots, etc. Will it be celebratory gunfire or mayhem in the streets? I guess we'll find out. Even more interesting may be the reaction in the streets of Dearborn, Mich.
Posted by Hal Young at 10:22 PM
Some of the Arab media are reporting that the death sentence was carried out on Saddam Hussein about thirty minutes ago.
Posted by Hal Young at 3:44 PM
Interesting enough, there's no frivolity this Friday.
This weekend on Carolina Journal Radio
Posted by Mitch Kokai at 10:19 AM
Before you welcome the new year, Carolina Journal Radio will remind you about some of the major developments in N.C. politics and public policy of 2006.
The cast of characters includes Terry Stoops, Roy Cordato, Joe Coletti, Michael Sanera, and Chad Adams. Plus Sen. David Hoyle, D-Gaston, offers us his thoughts about the state's revenue picture in 2007.
A little economic wisdom
Posted by Mitch Kokai at 09:17 AM
People on the Left who believe in a monolithic, right-wing, free-market mindset ought to read Mark Skousen's Vienna & Chicago: Friends or Foes? (Capital Press, 2005).
Those on the Right might enjoy it as well. As a person with little knowledge about the history of economic debates, I found it enlightening.
While Skousen focuses on the differences between the Austrian and Chicago economic schools, he also outlines points of convergence:
Friedman joins Hayek in citing his favorite quotation of [Adam] Smith. The quotation, taken from The Theory of Moral Sentiments (1759), expresses eloquently the universal principles of individualism, liberty, and the dangers of government:
"The man of system ... seems to imagine that he can arrange the different members of a great society with as much ease as the hand arranges the different pieces upon a chessboard. He does not consider that the pieces upon the chessboard have no other principle of motion besides that which the hand impresses upon them; but that, in the geat chessboard of human society, every single piece has a principle of motion of its own, altogether different from that which the legislature might choose to impress upon it. If those two principles coincide and act in the same direction, the game of human society will go on easily and harmoniously, and is very likely to be happy and successful. If they are opposite or different, the game will go on miserably, and the society must be at all times in the highest degree of disorder."
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