George Mason University economist and author Russell Roberts, who blogs at the always interesting Cafe Hayek, sat down with reason.tv to talk about the nation's shakey economy and the government's bailout plan. Watch this six-minute interview to learn where the problems came from, why the bailout won't address them, and what sort of hurt we're in for over the next several weeks, months, and years. "The real cost of this," warns Roberts, "is that we have said to people, 'Risk taking is not as risky as it used to be.' That's a mistake. It's a horrible mistake and it will lead to a lower standard of living down the road because investment will be more cavalier and less prudent."

By ELAINE ROSE Press of Atlantic City Staff Writer

A central New Jersey man has filed suit against 17 Atlantic County towns in an effort to make the workings of municipal governments more open to the public. John Paff, of Somerset, chairman of the New Jersey Libertarian Party's Open Government Advocacy Project, filed his suit Friday, claiming 17 of the 23 municipalities in Atlantic County did not adequately respond to his requests for minutes from closed-session meetings.

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Ron Paul's Campaign For Liberty Counter Rally, just a couple of miles from the convention of the party of big government, has sold 10,320 tickets and has given away another 1000 tickets at the door. Each ticket sold for the price of $17.76.

In this video Ron Paul talks about the rally and praises Libertarian presidential candidate, Bob Barr.

The Institute for Liberal Studies put together their eighth annual Liberty Summer Seminar this past weekend. The below video was put together by our friends at Bureaucrash.

Under New Jersey's new law, possession of BB gun merits three-year sentence

CENTRAL JERSEY —Caught speeding in Highland Park in April in his father's Acura RSX, Ryan Narciso found out the hard way about a recent change in a New Jersey gun law that could send him to prison for three years.

The 20-year-old sales clerk at a shop at Menlo Park Mall and former Middlesex County College student had a pellet handgun in the car, according to an indictment filed last week in Superior Court, New Brunswick.

Read the full article HERE.

Only in NJ is a BB gun classified as a firearm. According to NJ State law a firearm can be defined as:

It shall also include, without limitation, any firearm which is in the nature of an air gun, spring gun or pistol or other weapon of a similar nature in which the propelling force is a spring, elastic band, carbon dioxide, compressed or other gas, or vapor, air or compressed air, or is ignited by compressed air, and ejecting a bullet or missile smaller than three-eighths of an inch in diameter, with sufficient force to injure a person.