The Necessary Correction Finally Arrives
Stock markets tumble around the world. Austrians school economists saw it coming several years ago.
United States
Fannie, Freddie Downgraded
The two semi-private mortgage giants were bail out by the United States government.
American Politics Divided on Growth Strategy
Parties blame each other for their nation’s downgrade and are unable to find much common ground to help the recovery.
China’s Useless Aircraft Carrier
China is refurbishing a Soviet era carrier that poses no threat whatsoever to American naval dominance in the Pacific.
Social Security Has to Be Changed
America’s public pension system has to be reformed if it is to remain solvent but Democrats are opposed to changes.
Can America Afford Deeper Defense Cuts?
Military leaders and analysts warn against reducing defense spending by the hundreds of billions over the next ten years.
Higher Tax Rates Won’t Boost Revenue
Income tax receipts in the United States have remained exceptionally constant in recent decades, whatever the top rates.
Still Aiming for Strategic Reassurance?
The United States share responsibility for there not being a Sino-American dialogue.
Downgrade of American Debt Almost Inevitable
Despite a deal to cut government spending, the United States could lose their top credit rating.
World Anxious for Last-Minute Debt Deal
Investors are counting on American lawmakers to reach an agreement that would stave off default.
Amphibs Versus Carriers: Which Has the Future?
Can amphibious assault ships replace supercarriers in American naval strategy?
Where’s the Democrats’ Plan?
Republicans have offered plan after plan for deficit reduction but Democrats don’t seem willing to consider any substantial spending cuts.
Future US Defense Chief Warns Against Deep Cuts
The next chairman of the Joint Chiefs of Staff urges lawmakers not to cut hundreds of billions in military spending.
Republican “Class Warfare”
Critics of Republican welfare cuts ignore that President Barack Obama hugely expanded these programs.
Why the Stimulus Was Bound to Fail
Keynesianism fails at a most basic level. It doesn’t agree that private investment not government spending generates growth.