The Corrupt Bargain and the Preservation of Slavery

[Chapter 19 of Rothbard's newly edited and released Conceived in Liberty, vol. 5, The New Republic: 1784–1791.] The most important battle of the August days of the Constitutional Convention was waged, as had been the battle over the three-fifths clause, between the North and South and had at its heart the institution of slavery. One of the small number of restrictions on Congress…

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Agriculture production shrinks 3.3%

CROPS OUTPUT, which made up 59% of the agriculture sector’s total production, jumped 3.3% in the first quarter. — PHILIPPINE STAR/ MICHAEL VARCAS THE COUNTRY’S agricultural output shrank by an annual 3.3% in the first quarter, as livestock and poultry production contracted, the Philippine Statistics Authority (PSA) reported on Monday. In a statement, the PSA said the value of production…

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Self-Interest versus Racial Solidarity

Modern-day race theories—much like the standard racist theories of the past—assume that racial solidarity ought to be the overriding factor in all human behavior. Whites are supposed to always ally with whites. Meanwhile, blacks are supposed to always side with other blacks, even if this means abandoning self-interest. Experience suggests, however, that blacks are not simply automatons who always choose…

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GDP likely shrank anew in Q1 — poll

Localized lockdowns have been implemented due to the rising number of coronavirus cases. — PHILIPPINE STAR/ MICHAEL VARCAS PHILIPPINE gross domestic product (GDP) likely declined at a slower pace in the first three months of 2021 compared with the previous quarters, a BusinessWorld poll showed, as a renewed surge in coronavirus infections and a stricter lockdown imposed in Metro Manila…

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Should the State Support the Arts?

Ought the state to support the arts? There is certainly much to be said on both sides of this question. It may be said, in favor of the system of voting supplies for this purpose, that the arts enlarge, elevate, and harmonize the soul of a nation; that they divert it from too great an absorption in material occupations; encourage…

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1.5M more CoronaVac doses arrive

The Philippines on Friday took delivery of 1.5 million more doses of CoronaVac made by China’s Sinovac Biotech Ltd., a task force said in a social media post on Friday. The country has received 5.5 million doses of vaccines — five million from Sinovac, 525,600 from AstraZeneca Plc. and 15,000 from Russia’s Gamaleya Research Institute of Epidemiology and Microbiology. The…

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An American Classical Liberalism

Every four years, as the November presidential election draws near, I have the same daydream: that I don't know or care who the president of the United States is. More importantly, I don't need to know or care. I don't have to vote or even pay attention to debates. I can ignore all campaign commercials. There are no high stakes…

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Philippine COVID-infections hit 1.09M

The Department of Health (DoH) reported 7,733 coronavirus infections on Friday, bringing the total to 1.09 million. The death toll rose by 108 to 18,099, while recoveries increased by 4,227 to over one million, it said in a bulletin. There were 66,626 coronavirus infections,1.1% of which were critical, 94.4% were mild, 2% did not show symptoms, 1.5% were severe and…

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The State of Modern Economics

Peter G Klein is Carl Menger Research Fellow of the Mises Institute and W.W. Caruth Chair and Professor of Entrepreneurship at Baylor University’s Hankamer School of Business. He is also senior research fellow at Baylor’s Baugh Center for Entrepreneurship and Free Enterprise and adjunct professor of strategy and management at the Norwegian School of Economics. His research focuses on the…

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Timeless investments with M Lhuillier Jewellers

With the economic effects caused by the pandemic, it’s more important than ever to make smarter decisions about finances and be prepared for what comes next. As investments, fine jewelry continues to stand the test of time. While currencies often fluctuate, the value of precious metals and gems are stable and even increase over time, making jewelry a less risky…

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