“Nobody spends somebody else’s money as carefully as he spends his own. Nobody uses somebody else’s resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.” — Milton Friedman
— Economy adds 209,000 jobs in July, unemployment rate rises slightly: The economy added 209,000 jobs in July, according to the Bureau of Labor Statistics, and the unemployment rate increased from 6.1 percent to 6.2 percent. Economists had projected 233,000 jobs and that the unemployment rate would hold steady at 6.1 percent. Although the report didn’t meet expectations, this is the sixth consecutive month of 200,000-plus job growth. The labor participation rate — the percentage of Americans working or looking for work — increased marginally from 62.8 percent in June, a 35-year low, to 62.9 percent in July.
— Obamacare disapproval hits an all-time high: The Kaiser Family Foundation has released a new poll finding that unfavorable views of Obamacare have jumped to an all-time high since they began tracking opinions of the law in April 2010. The July tracking poll shows that 53 percent of Americans have an unfavorable opinion of Obamacare, while 37 percent view the law favorably. Sixty percent want Congress to “work to improve” Obamacare, while 35 want to repeal and replace it. The poll also finds that Americans are evenly divided on the Supreme Court’s Hobby Lobby decision.