Richard Ebeling reminds me that today is the 40th anniversary of Richard Nixon’s declaration of a “war on drugs” war on peaceful people who choose to use intoxicants that the government disapproves of.  Jimmy Carter, writing in today’s New York Times, calls for its end.

Speaking of the “war on drugs” war on peaceful people who choose to use intoxicants that the government disapproves of, I’m delighted to find an ungated link to an essay that I regard to be especially compelling on this front: Randy Barnett’s 1994 Yale Law Journal article “Bad Trip.”

In this essay from the June 14th edition of the Washington Times, the always-effective Dan Griswold reminds us that trade is always balanced.

Here’s a shocking finding!

Over at EconLog, David Henderson rightly calls out Ron Paul and other Republican presidential hopefuls for their confusion and misunderstanding of the state of manufacturing, and its significance, in the modern American economy.  Sheesh.  These people ought to regularly read Mark Perry’s Carpe Diem.

And Arnold Kling’s take on the same.

How much did the tax cuts under Pres. George W. Bush contribute to today’s budget deficit?  Here’re some data.

In this podcast, the Competitive Enterprise Institute’s Ryan Young and Lee Doren weigh in on Pres. Obama’s Luddite-lite allegation that ATMs contribute to slower job creation.

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Daniel Kuehn June 17, 2011 at 7:36 am

Scott Cunningham – whose article you linked to in the B.E. journal – has done a lot of interesting work. He was at an IZA conference I was presenting at and he presented a paper on the benefits of technological change for American workers that you don’t hear about as often: it has made life considerably safer for prostitutes. The internet has allowed a lot of prostitutes be independent of pimps, which of course is much safer for them – they also have a verification system that helps distribute information on problematic clients.

Don Boudreaux June 17, 2011 at 7:52 am

Makes sense! A happy development! (And to be clear, I’m not here in this comment being in the least facetious.)

DG Lesvic June 17, 2011 at 7:52 am

It’s all lies!

Don Kenner June 17, 2011 at 11:17 am

Jimmy Carter called for an end to the War on Drugs? It’s nice that a president can do the right thing…AFTER he gets out of office.

Ryan Vann June 17, 2011 at 1:45 pm

He should be more concerned with Herman Cain’s temerity for preferring deep dish over thin crust; what a dastardly man. I’m not sure why people waste ink and think over these ridiculous charades to begin with.

dithadder June 17, 2011 at 3:46 pm

I’ve got a question. The GW Bush tax cuts article says that that revenues track recessions. But wouldn’t then revenues be stable as a percentage of GDP, not dip?

Name Redacted June 19, 2011 at 7:08 am

No, because our tax system is extremely progressive. Revenue exaggerates the dips and bumps in GDP.

TheMichaelOnline June 17, 2011 at 10:33 pm

I don’t have a manufacturing fetish but it seems plausible to me that more manufacturing jobs losses have occurred than if there wasn’t all this interventionism.

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