Cowboy Capitalism and the State

Doug French, in an article for the Mises.org website — a site, named for the conservative Austrian economist Ludwig von Mises, whose politics tend to fall on what’s conventionally regarded as the Right — makes some points about the current trend toward mergers and acquisitions that sound an awful lot like what the Marxists at Monthly Review have been saying for a long time. But they’re both right.

In “Merger Monday and the Destruction of Wealth” (Feb. 15), French argues that the uptick in mergers and acquisitions is occurring because corporations are loaded down with cash burning a hole in their balance sheets, with no productive outlet to invest it in.

That’s pretty much what the Monthly Review folks have been saying since the 1970s.

Read the rest of Kevin Carson's article

at The Center for a Stateless Society.

James Tuttle,
Regular Columnist, THL
Articles | Author's Page | Website

Barack Obama Tattoos

With Barack Obama's approval ratings still at a solid 62%, I became suddenly curious to know how popular the 44th U.S. President really is. Are people so enamoured with President Obama that I could do a quick Google search and turn up some photos of people with permanent tattoos of Obama inked into their very skin? Oh yeah. It's that bad. Below are ten examples of Barack Obama tattoos (some decent, some pretty awful). PS: As a control, I decided to Google "bush tattoos." I found only two examples in the first couple pages, and they were decidedly anti-Bush. I also learned to never, ever Google "bush tattoos" again. Seriously. Don't. There are some gross tattoos out there. In the interests of full disclosure, I must admit that I am not a fan of President Obama . But I've got to say that the tattoos above aren't nearly as bad as this: Editor's note: The pictures are linked to their respective sources. To view the source pages, simply click

Legal Marijuana On The Michigan Ballot for 2018

A Michigan ballot initiative to legalize recreational marijuana received enough valid signatures to qualify for a vote in November. When the required number of ballot signatures was certified by the State Board of Canvassers, the 4-0 decision of the board was met by cheers from supporters of the initiative who were present, the Detroit Free Press reports . Rick Thompson, a board member of the Michigan National Organization for the Reform of Marijuana Laws (NORML), put this ballot initiative in perspective as a matter of the State of Michigan safeguarding its own sovereignty and protecting its own citizens from an intrusive federal policy: "The people of Michigan deserve this. They earned it. We've faced many trials and tribulations. We've had so many stop and go signs from the federal government. That's why states have to take the reins on the issue and really be the crucibles of democracy that they've always been intended to be." Indeed the last time

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