Daily Archives: July 11, 2011

Whenever someone tells you that a particular policy is “pumping” a certain amount of money into the economy, the proper question to ask is “from where?”

We often think of today’s major political debates in terms of Democratic vs. Republican ideas, or liberal vs. conservative ideas. But the most fundamental differences can be traced to contrasting world-views that have battled for supremacy for at least the last two millennia. Dr. C.L. Gray, founder of Physicians for Reform, makes that argument inContinue Reading

Sen. Barack Obama, campaigning for president in La Crosse, Wisc., Oct. 1, 2008: We can’t run up a credit card, have a party and leave our children pay the bill. It is time to put an end to the runaway spending and the record deficits. It’s not how you would run your family budget andContinue Reading

The White House Chief of Staff Bill Daley said in an interview Sunday morning on ABC’s This Week that Medicare will run out of money within five years without large reform. The transcript can be found here. This interview communicated particularly interesting wording given that House Speaker John Boehner released a statement just Saturday indicating thatContinue Reading

My latest Townhall.com column builds on my Locker Room post from Friday. An excerpt: It is now mid-July 2011. The latest jobs report is now out, and unemployment is not around 6.6 percent as Obama’s economists predicted. Instead it is at 9.2 percent and rising. The same economists predicted that the worst that unemployment wouldContinue Reading

The hallmark of good economic thinking is that it analyzes the decision-making of individuals, not of aggregates like ethnic blocks or nations. Aggregates do not think or act, but much economic nonsense comes from treating them as if they do. Looking at trade as though it was a question of nations interacting is the subjectContinue Reading

Bob Higgs explains why the notion that our elected “representatives” are entitled to rule over us is bunk. Obamacare ought to have driven the final nail in that coffin.

Tom Woods does a terrific job of that in this piece, answering a critic who has learned to mouth all the standard complaints against capitalism. Some of those complaints are actually complaints against big-government conservatism. On Stossel’s program this weekend, one of his guests was David Mamet, the formerly leftist playwright who read several booksContinue Reading