Note from JWR:

The high bid is still at $300 in the current SurvivalBlog benefit auction for a brand new Schecter “Warthog” Electric Guitar. This is an awesome guitar decorated in a military aviation theme, from Schecter’s Tempest series. It has a $729 retail value. Please tell any of your friends that are guitarists about this auction. The auction ends March 15th. Just e-mail me your bid. Thanks!

How Federal “Bans”, “Freezes”, and “Price Controls” Spread Economic Chaos

I have always been a believer in free market economics. Whenever a government tries to “fix” things, it often makes things worse, and more often than not, the law of Unintended Consequences is engaged. Prohibition of alcohol early in the last century is often cited, but some of the worst cases of Federal government intervention have taken place since the 1960s. Here are a few examples: Roosevelt and Nixon Administration Wage and Price Controls History has shown that wage and price controls (also called “incomes policies“) are an exercise in futility. In the United States, wage and price controls were …

Letter Re: Non-Fiction and Fiction Book Recommendations

Jim, Here are a couple of books that I have stumbled across recently that I would recommend to SurvivalBlog readers. The first book is actually a set of books written by Rita Van Amber. She wrote five volumes of books entitled, “Stories and Recipes of the Great Depression of the 1930s.” The recipes are from readily available ingredients and are simple to make. However, the stories are the best part of the book. The people of this time lived with such hardship and so little food yet they lived well and family relationships were strong. There was no whining for …

Odds ‘n Sods:

Ben L. sent this: Shell to Offer a Biodiesel Fuel in Europe Made From Wood Chips and Straw   o o o A tidbit from The Daily Reckoning: “Remember, for a good part of America’s history, every dollar in your pocket was a dollar backed by gold. So it’s not so crazy to ask yourself… if America has 8,180 tons – or nearly 261.7 million ounces – of gold in reserve… how many dollars does that buy? The answer will shock you. When dollars became unhinged from gold, the printing presses at the Fed cranked up. By 1980, for every …

Jim’s Quote of the Day:

“This, by the way, is a good place to pause and explain to readers who will write in wondering why the United States will tolerate an Israeli nuclear force but not an Iranian one. The answer is simple. Israel will probably not blow up New York. That’s why the United States doesn’t mind Israel having nukes and does mind Iran having them. Is that fair? This is power politics, not sharing time in preschool. End of digression.” – George Friedman