News Story of the Day: President Donald Trump must be tweeting up a storm at this moment – if he isn’t watching Fox News pertaining to the vote of Judge Brett Kavanaugh.
On Friday, the Bureau of Labor Statistics (BLS) reported that the U.S. economy added 134,000 jobs in September, bringing the unemployment rate to a 48-year low of 3.7 percent. The biggest jobs gains were found in professional and business services, transportation, construction, education, and manufacturing. Only retail and hospitality saw job losses.
Hourly wages ticked up 0.3 percent to $27.24.
Chart of the Day: Copper prices have not had a great year, unlike in 2017 when they were riding a wave of momentum. The industrial metal has plunged 18 percent so far in 2018, but analysts have been warning that copper could experience a meteoric climb in the next couple of years. But the data says otherwise as market deficits are still years away (courtesy of Bloomberg):
Chart of the Day No. 2: To the Climate Change Cult, every weather event is because of manmade global warming, suggesting that tornadoes and hurricanes did not exist until the industrial age. But this interesting chart shows how extreme tornadoes have plunged over the last few decades.
Illustration of the Day: The idea capitalism needs government regulation is laughable because when the regulations fail they are blamed on the free market. Just look at the 2008 financial crisis for this. Here is an excellent illustration:
Quote of the Day: Did you every single thing in this world is a human right? A house, a job, and even dreadlocks!
From the great Tom Woods:
The “libertarian socialists” have struck again.
It began when a state Libertarian Party chapter posted a link to a court decision about an employer that did not allow its employees to have dreadlocks.
This was “discrimination,” the suit against it alleged.
Not so, said the court. The “race-neutral grooming policy,” it declared, was not discriminatory, since a hairstyle, unlike a racial identity, is not an “immutable physical characteristic.” Therefore, an employer is at liberty to enforce such a requirement.
Now that isn’t quite how a libertarian would argue the question, since the crux of the matter is that no contract should be entered into unless both sides agree to its terms, period. The employer may offer terms, and the employee may offer terms. If one side offers terms the other opposes, then they go their separate ways and find people willing to engage with them on terms they prefer.
This is also how we deal with the notorious “bake the cake” case. If the baker prefers not to bake the cake, that ends the discussion. Violently forcing him to bake the cake is out of the question. The Supreme Court may spend its time tying itself in knots analyzing whether cakes themselves are endorsements of relationships, or just the icing on them, or whether a cake is a form of expression, or whatever. We libertarians don’t need any of that nonsense.
Tweet of the Day: One of the more common statements emanating from the left is “your truth,” “her truth,” or “his truth.” This is ridiculous as there is only “the truth.” Ben Shapiro gets this:
There is no “her truth.” There is only “the truth.” And we require corroborative evidence to establish it. https://t.co/8FnYRRF602
— Ben Shapiro (@benshapiro) October 5, 2018
Video of the Day: The Counterfeit News Network embarrassed itself again by interviewing Judge Brett Kavanaugh’s college roommate. Anderson Cooper thought he had an explosive interview that will force Kavanaugh to withdraw. The 15-minute interview was a joke because the man couldn’t remember anything and just revealed Kavanaugh drank on Friday nights and slept in on weekends. IMPEACH DRUMPF NOW! Wait. Wrong chant. KAVANOPE!
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