The Conversation Tue 10. 25. 2016.

Clinton Ally Gave $675,000 To Campaign Of Deputy FBI Director’s Wife [Watch]
Tyler Durden, Zero Hedge

Trump’s Contagious Totalitarianism
Noah Rothman, Commentary

Facebook And Free Speech
James Taranto, Wall Street Journal

Want To Be Like Silicon Valley? Welcome Immigrant Entrepreneurs
Inara Sunan Tareque, Chris Jackson, and Arnobio Morelix, Ewing Marion Kauffman Foundation

Trump: Journalists Have Too Many First Amendment Protections [Watch]
Kevin Daley, Libertarian Republic

Legendary Civil Rights Hero Under Fire For Backing Donald Trump, But He Isn’t Backing Down
Carmine Sabia, BizPacReview

How Would The Trump And Clinton Tax Plans Affect Your Taxes?
Kyle Pomerleau, Tax Foundation

New O’Keefe Video: Hillary Clinton Approved Robert Creamer Plan Directly [Watch]
Joel B. Pollak,

Concern Grows Over Soros-Linked Voting Machines
Edmund Kozak, PoliZette

Think You Know How Bad The Clintons Are?
Jack Cashill, American Thinker

There’s Plenty Wrong With Our Political System, But The Election’s Not ‘Rigged’
Ilya Shapiro, Cato Institute

Chinese American Becomes A Global Sensation After Shooting At Armed Robbers [Watch]
Helen Raleigh, Federalist

How America Ranked In New Study Of Nations’ Generosity
Leah Jessen, Daily Signal

ObamaCare Premiums Will Skyrocket 22% Next Year
Tami Luhby, CNN

What To Do About The Obamacare Death Spiral?
Francis Mention, Manhattan Contrarian

Are You Not Selfish Enough?
Dan Sanchez, Foundation for Economic Education

Ivanka Trump Keeps Low Profile Amid Signs Her Own Brand Is Suffering
Emily Zanotti, Heat Street

Poll: Americans’ Respect For Police Surges
Justin McCarthy, Gallup

FMC Barometers

Numbers as of last Friday close.

Why are these numbers important?

Shadow Stats Snapshot

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    BLS: 5.0%
    Shadow Stats: 23.0%
  • Inflation:
    September Year-to-Year: 1.1% (CPI-U*)
    Shadow Stats: 8.7%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]


The Tariff ‘Protection’ Fallacy

To every trade there must be two parties who mutually desire to trade, and whose actions are reciprocal. No one can buy unless he can find someone willing to sell; and no one can sell unless there is some other one willing to buy. If Americans did not want to buy foreign goods, foreign goods could not be sold here even if there were no tariff. The efficient cause of the trade which our tariff aims to prevent is the desire of Americans to buy foreign goods, not the desire of foreign producers to sell them. Thus protection really prevents what the “protected” themselves want to do. It is not from foreigners that protection preserves and defends us; it is from ourselves.

-- Henry George ,

Calendar - October

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In Search Of History

The Birth of Liberal Fascism

The progressives [of Woodrow Wilson’s era] were the real social Darwinists as we think of the term today—though they reserved the term for their enemies They believed in eugenics. They were imperialists. They were convinced that the state could, through planning and pressure, create a pure race, a society of new men. They were openly and proudly hostile to individualism. Religion was a political tool, while politics was the true religion. The progressives viewed the traditional system of constitutional checks and balances as an outdated impediment to progress because such horse-and-buggy institutions were a barrier to their own ambitions. Dogmatic attachment to constitutions, democratic practices, and antiquated laws was the enemy of progress for fascists and progressives alike. . . .Today, liberals remember the progressives as do-gooders who cleaned up the food supply and agitated for a more generous social welfare state and better working conditions. Fine, the progressives did that. But so did the Nazis and the Italian Fascists. And they did it for the same reasons and in loyalty to roughly the same principles.

-- Jonah Goldberg,