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What Happened to Freedom of Speech? (by Don Boudreaux)<http://www.cafehayek.com/hayek/2009/05/what-happened-to-freedom-of-petition.html> Posted: 17 May 2009 03:22 AM PDT I can find no words to describe just how frightening and infuriating this letter <http://www.cafehayek.com/files/this-letter.pdf> is. A private citizen objects peacefully to a proposed government action, and, as a result, is not only forced to appear before Congress to explain but also to be threatened with further burdens if he doesn't cooperate with the arrogant power-mongers on Capitol Hill. (HT Bob Levy) <http://feeds2.feedburner.com/%7Eff/CafeHayek?a=XIRXHXDUndQ:ekWU6RP_8oo:yIl2AUoC8zA> <http://feeds2.feedburner.com/%7Eff/CafeHayek?a=XIRXHXDUndQ:ekWU6RP_8oo:dnMXMwOfBR0> <http://feeds2.feedburner.com/%7Eff/CafeHayek?a=XIRXHXDUndQ:ekWU6RP_8oo:F7zBnMyn0Lo> <http://feeds2.feedburner.com/%7Eff/CafeHayek?a=XIRXHXDUndQ:ekWU6RP_8oo:V_sGLiPBpWU> <http://feeds2.feedburner.com/%7Eff/CafeHayek?a=XIRXHXDUndQ:ekWU6RP_8oo:gIN9vFwOqvQ> Yet More Deficient Thinking (by Don Boudreaux)<http://www.cafehayek.com/hayek/2009/05/yet-more-deficient-thinking.html> Posted: 16 May 2009 12:37 PM PDT Here's a letter that I sent yesterday to the *Wall Street Journal*: University of Massachusetts economics professor Ronald Olive asserts that "When a country runs a current account deficit it must incur liabilities, that is, borrow or run down its foreign assets, or do both" (Letters, 15 May). This assertion is simply untrue. If Mr. Olive spends $500 on a bottle of Chateau Latour and the owner of that French chateau then holds those dollars as cash, or uses them to buy dollar-denominated equities or real estate, America's current-account deficit rises without any corresponding increase in Americans' indebtedness or any reduction in Americans' holdings of foreign assets. Sincerely, Donald J. Boudreaux <http://feeds2.feedburner.com/%7Eff/CafeHayek?a=qdaXf8aHlP8:xCp7PXRdXuM:yIl2AUoC8zA> <http://feeds2.feedburner.com/%7Eff/CafeHayek?a=qdaXf8aHlP8:xCp7PXRdXuM:dnMXMwOfBR0> <http://feeds2.feedburner.com/%7Eff/CafeHayek?a=qdaXf8aHlP8:xCp7PXRdXuM:F7zBnMyn0Lo> <http://feeds2.feedburner.com/%7Eff/CafeHayek?a=qdaXf8aHlP8:xCp7PXRdXuM:V_sGLiPBpWU> <http://feeds2.feedburner.com/%7Eff/CafeHayek?a=qdaXf8aHlP8:xCp7PXRdXuM:gIN9vFwOqvQ> You are subscribed to email updates from Cafe Hayek<http://www.cafehayek.com/hayek/> To stop receiving these emails, you may unsubscribe now<http://feedburner.google.com/fb/a/mailunsubscribe?k=RD87GWo2xMyNcdDv2g6ct6FC7Lk> .Email delivery powered by Google Inbox too full? [image: (feed)]<http://feeds2.feedburner.com/CafeHayek> Subscribe <http://feeds2.feedburner.com/CafeHayek> to the feed version of Cafe Hayek in a feed reader. If you prefer to unsubscribe via postal mail, write to: Cafe Hayek, c/o Google, 20 W Kinzie, Chicago IL USA 60610 --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
