@LearnLiberty

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learnliberty.org/
Joined February 2011
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Twelve officials voted to raise the price of borrowing for the whole country, citing high inflation. 🏦 Then September’s jobs report showed only 29,000 new jobs. 📉 Interest rates are prices, and prices carry information.
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When a committee sets one, it must guess what millions of lenders and borrowers want. 🧠 Friedrich Hayek called this the knowledge problem. The Fed raised rates in September, its first increase since 2023, and most officials expect another by year-end. 📅
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How do you think the price of money should be set by a committee or the market? 💬
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Marx says housing isn’t a commodity. His spare room has a two-night minimum.
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Why do people form governments? 🏛️ John Locke gave a plain answer centuries ago. For him, property meant more than land. It covered a person’s life, liberty, and belongings.
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🔑 People agree to shared rules so that what is theirs stays theirs. A government that forgets that job has lost its purpose. ⚖️ Is that still the best test of a government? Tell us where you agree or disagree. 💬
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Socialism gets embarrassing after a certain age 🤓
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What happens when a country attaches a huge fee to letting the people it just educated work? 🎓
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The Department of Homeland Security has proposed that colleges pay $70,000 for each student’s first work authorization (OPT), plus $30,000 for each extension. 💰 DHS cites fraud and abuse. Critics say the fee could put the program out of reach.
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In our view, people should be free to offer their skills to employers who want them. 🤝 Fraud can be prosecuted directly. ⚖️ Share in the comments: Does a very high price on opportunity ever solve the problem it names? 🤔
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Can police trace where you’ve been without ever touching your phone? 📱 We break down 7 surprising facts about the Fourth Amendment, from colonial writs of assistance to Flock cameras, plus a Jay-Z cameo. 🎤⚖️
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The Constitution never says every search needs a warrant. So where is the line now? Watch the full video here: youtu.be/l4b61y9jEn0
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🏛️ Twenty-two new laws on privacy and artificial intelligence, from one state in one year 🤖. California's governor signed that many of 25 bills by his September 30 deadline and vetoed the other three. Some may prove wise.
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The harder question is whether anyone knows enough about a technology this young to write rules that will last ⏳. Laws are easy to pass and hard to undo. Where does the line sit between acting early and acting too soon? 🤔
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⚡ People ignore costs that do not burden them, and that includes officials spending other people's money. On September 30, the Senate fell short, 57 to 43, of the 60 votes needed on a bill about who pays for the grid behind data centers 🔌.
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Banning them is not the answer. The answer is no subsidies, no secret deals, and no costs quietly passed to neighbors 🏘️. Let companies build their own power and carry their own risk 💸.
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Central planning, now with toppings.
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📉 A number can be revised. A decision made on it is harder to take back. Last Friday's report showed 29,000 jobs added in September, and also cut 60,000 from July and August 📊.
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Over two years, 15 of 22 months were later marked down, a net loss of 661,000 jobs. Part of the reason: fewer employers answer the survey on time 💼. Interest rates and budgets rest on figures still settling. Who knows your situation better: a statistic or you? 🤔
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Even theory has overhead.
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