Random Friday: 164k jobs in July, Milton Friedman, Tulsi Gabbard destroys MSNBC

News Story of the Day: The U.S. labor market slowed down in July, creating 164,000 jobs last month. The unemployment held steady at 3.7 percent, a near 50-year low, mainly because more people entered the workforce.

Average hourly wages climbed 0.3 percent and the 12-month rate edged up to 3.2 percent.

The biggest gains were found in professional and business services (31,000), healthcare (30,000), government (20,000), and manufacturing (16,000). The retail, media, and information sectors lost jobs for the sixth straight month.

Chart of the Day: What’s old is new again? It seems so. Example? Cassette sales are surging for whatever reason:

Illustration of the Day: CNN recently had a story about how all robots are painted white, which is rooted in racism. We came across the editors over at the Counterfeit News Network:

Quote of the Day: Milton Friedman would have been 107 this week. While he was wrong on monetary policy, he was exceptional in most other areas. Here is one of his best quotes:

First of all, the government doesn’t have any responsibility to the poor. People have responsibility. This building doesn’t have responsibility. You and I have responsibility. People have responsibility. Second, the question is how can we as people exercise our responsibility to our fellow-man most effectively? That’s the problem. So far as poverty is concerned, there has never been a more effective machine for eliminating poverty than the free enterprise system and the free market. The period in which you had the greatest improvement in the lot of the ordinary man was the period of the 19^th and early 20^th century.

Tweet of the Day: Daniel McAdams has morphed into a tour de force in his writing. This is no exception:

@DanielLMcAdams on @BuzzFeed‘s latest article comparing @TulsiGabbard to @RonPaul: “In one way the Gabbard campaign is like the Paul campaign: the #MSM hates both of their guts. But, thankfully, the American people increasingly hate the MSM’s guts.” Ouch. https://t.co/STozq61huw

— Liberty Nation (@libertynation) August 2, 2019