Obama reminded America that “Labor Day” is really “BIG Labor Day” as he announced a new round of make-work-but-never-works stimulus spending for the AFL-CIO labor union: The goals of the infrastructure plan include: rebuilding 150,000 miles of roads; constructing and maintaining ...
US auto sales collapsed last month providing yet another example of how the greatest exercise in Keynesian economics, the Obama administration’s economic policy, has been an utter failure. The embattled US auto sector recorded one of its worst months on record in August, as General ...
Paul Allen is attempting to use the government’s byzantine patent scheme as a way of stealing real physical property from a host of companies on the grounds that they’re using his “intellectual property”: Paul Allen, entrepreneur and cofounder of Microsoft, has filed a lawsuit against 11 companies for infringements on his Web search patents. Announced ...
Behold the sheer, unassailable brilliance of Milton Friedman. The man can call his debater a demagogue to his face and it doesn’t come across as anything but clear headed truth, in part because ...
Bloomberg is reporting that Federal Reserve Chairman Ben Bernanke and European Central Bank President Jean-Claude Trichet are now see very different performance in their economies: The Bernanke-led Fed, while saying U.S. growth would be slower than anticipated, announced on Aug. 10 it will buy Treasuries to set a $2.05 trillion floor on its balance sheet and keep ...
Amid the recent and ongoing debate over deficits and welfare state programs like unemployment insurance here in the US, it’s very interesting that Denmark Is Shrinking Its Social Safety Net: Denmark has long held the title of the best place on earth to be laid off. With an expensive, generous welfare state, and the world’s most ...
The interview above is a follow up after Dr. Paul released a statement rightfully condemning the opposition to the downtown mosque as hate speech and demagoguery. Read the full release for a refreshing ...
Here’s Paul Krugman, nobel prize winning economist, taking umbrage at the “attacks on social security” in a recent Op-Ed Column. Mr. Krugman is just beside himself about what he sees as phoney concern over the solvency of this great bastion of the New Deal. He claims the math just doesn’t add up to be ...
Gerald O’Driscoll has an excellent piece in the Wall Street Journal today on the root problems in our economy and the reasons why keynesian stimulus has failed. First, keynesians get the causality wrong: The housing boom and bust was a classic asset bubble, such as occurred frequently in the 18th and 19th centuries. Easy money ...
Everyone in America needs to read “Feds rethink policies that encourage home ownership” by Paul Wiseman at USA Today. The article is a truly amazing, surprisingly thorough overview of the massive amount of government distortion and manipulation in the US ...
