Punishing Banks Won’t Work
The best defense against bank failures isn’t regulation, rather the threat of bankruptcy.
Opinion
Krugman Says: Spend More!
Since the early days of the Obama Administration, economist Paul Krugman has been more than eager to defend every spending measure enacted by the Democrat.
The Government of Whim
“We want our money back,” cried President Obama yesterday, “and we’re going to get it!” Announcing a Financial Crisis Responsibility Fee — a tax perfectly named for an era in which banks are held responsible for a recession that was beyond their control — the president promised American taxpayers that they would get “every single […]
Chávez Shuts Down Shops
Until a few years ago, Venezuelan dictator Hugo Chávez was sometimes described as the benevolent kind but in recent years, his reign has grown ever more authoritarian. He abolished presidential term limits, withdrew Venezuela from both the World Bank and the International Monetary Fund in 2007, nationalized the oil industry and built relations with countries […]
Capitalism Under Persecution
Twenty years after the end of the Cold War, capitalism is in recession. Capitalists have become a persecuted minority.
Deregulate the Banks!
Regulatory failure instead of a lax monetary policy bears the responsibility for the American housing bubble that produced the financial crisis of 2008, said Federal Reserve chairman Ben Bernanke this Sunday. Bernanke rejected accusations that the Fed contributed to the fostering of the recession and argued that the interest rates set by the bank between […]
Japan Must Get the F-35
Not too long ago, Richard D. Fisher Jr. writing for The Washington Times, argued in favor of letting Japan in on the groundbreaking F-22 fighter aircraft. Current American law prohibits Lockheed-Martin from selling the plane overseas. According to Fisher there were two good reasons for letting Japan have the Raptor. “First,” he wrote, “the F-22 […]
Bomb, Bomb, Bomb Iran?
Had we had another man for president this year, Iran’s nuclear facilities might well have been carpet bombed already. Certainly the United States would not have discouraged Israel from undertaking such a venture. But would it have been the smart thing to do? When even The New York Times advocates military action it must seem […]
The Polluted Health Care Debate
The United States Senate sets to vote on a health-care bill over Christmas this Tuesday after what have been months of fierce political debate. As the opposition warned of “socialized medicine” and “death panels”, public support for “Obamacare” and the president himself understandably plummeted. Although America’s health care is among the most expensive yet one […]
Brown Bashing the Rich
It’s not good to be rich in Britain. One is properly punished there for making too much money as becomes a welfare state. From every Briton that earns over £150,000 (or $243,000) a year, the government takes half of that in income tax. The well-off now face a further cut to tax relief on their […]
Communism in Green
While the revelations of “Climategate” are still making headlines and world leaders meet in Copenhagen to discuss global warming, slowly but steadily more and more commentators are questioning the dubious qualities of environmentalism. Indeed, some are comparing it outright to totalitarian ideologies of the past. Charles Krauthammer, writing for The Washington Post, quoted Czech president […]
Ayn Rand and the Christian Right
Ayn Rand is having a mainstream moment but social conservatives are still averse to her philosophy.
Reid Compares Health Care to Abolitionism
Republican opposition to health-care reform reminded Harry Reid to legislators who “belatedly recognized the wrongs of slavery.”
Disappointing Sarkonomics
The French president has little affection for the free market.
Spanish Socialism is Holding Europe Back
The Spanish government refuses to make much-needed reforms.