Morning Journal--Too much regulation

Economics

   This Week’s Data

            The US Treasury ran a $116 billion budget surplus in June.  Much of it was the result of inter-government flows; but it was still a surplus.

            The June producer price index came in at up 0.8% versus expectations of up 0.5%; ex food and energy, it was up 0.2%, in line.

           

   Other

Politics

  Domestic

Too much government regulation (medium):

http://www.steynonline.com/5669/leviathan-subcontractors

  International War Against Radical Islam

            Goldberg on Obama’s foreign policy (or lack thereof) (medium):

            http://www.nationalreview.com/article/353013/obama-wings-it-egypt-jonah-goldberg