The Immorality of Deficit Spending
Keynesian doctrine on deficit spending is still rampant but Americans should consider a warning from one of their Founding Fathers.
Losing Iceland
By insisting that Iceland compensate former Icesave clients, Britain and the Netherlands are failing to think ahead.
TARP Didn’t Work
Three weeks ago, while announcing the Financial Crisis Responsibility Fee, President Barack Obama described the Troubled Asset Relief Program (TARP) as “a distasteful but necessary thing to do.” Although most of the money had been recouped already, the administration promised to get back “every single dime” the banks owed the American government. A few days […]
The Dissatisfaction of Compromise
Barack Obama’s constant search for consensus is undermining his agenda.
The Toyota Recall
The world’s largest automaker recalls millions of vehicles and proves that corporate responsibility needs no bureaucrats or anti-business statues.
No Bank “Too Big To Fail”
Kevin Warsh of the Federal Reserve warns that by bailing out banks, government has only strengthened moral hazard in the financial sector.
Nancy Pelosi: Modern-Day Trust Buster
Health reform has not even been enacted yet the Democratic leader is already contemplating the next step.
A Little Atlantic Discord
President Barack Obama snubs Europeans by skipping a summit.
There Is No “Secret War” in Pakistan
Those who say America hasn’t been upfront about its role in Pakistan haven’t been paying attention.
Palin’s Smear Tactics
Sarah Palin is no asset to the Republican Party. Behind the image of no-nonsense folksiness she so likes to project, the former Alaska governor hides no intellectual depth whatsoever. She owes her popularity to her fierce criticism of the Obama Administration which has propelled her into the position of something of a spokesperson for the […]
Reid: Republicans Undermining National Security
By filibustering administration nominees for top-level jobs, Republicans are playing “games” while the nation is under threat.
Obama Privatizes Space
That’s right. As much as this (and the last) American administration has nationalized entire industries and promotes the overregulation of others to such a degree that the 2010 Index of Economic Freedom warns of “concerns about expropriation and violation of the contractual rights of shareholders and bondholders,” President Barack Obama seeks privatization in perhaps rather […]
The Assault on Industry
The environmentalist gospel is heard evermore louder in public discussions today as governments the world over move to impose restrictions and regulations upon businesses for the sake of protecting the Earth. Products that are supposedly harmless to nature are quickly becoming the norm while companies happily promote themselves as “green” and ecologically responsible. Industry, meanwhile, […]
Volcker Wants Smaller Banks
Paul Volcker, former head of the Federal Reserve (1979-1987), currently serves as chairman of the Obama Administration’s newly formed Economic Recovery Advisory Board. Volcker is widely credited with ending the stagflation crisis of the 1970s through aggressive government action and was allegedly fired by President Ronald Reagan when he refused to go along further with […]
The American Dream Lives
The American experience proves that openness toward the world brings prosperity.