Daily Archives: August 10, 2011
A word of friendly advice to our Republican and Democratic friends who continue touting fixed rail as a transportation solution: Read this San Jose Mercury-News article about California’s high-speed rail project, which may eventually cost taxpayers more than $100 billion. An excerpt: “This is really very serious and needs to stop in its tracks,” saidContinue Reading
Step aside Jay-Z, P Diddy, and 50 Cent. Due to a 50 percent reduction in its operating budget, the N.C. Center for the Advancement of Teaching is canceling many of its teacher-training seminars for the fall 2011, and one that got the axe is titled “The Hip-Hop Education Guide for Teachers.” NCCAT was funded primarilyContinue Reading
No, says economics professor Christopher Lingle in this Freeman column. The basic problem is that the government has promised far more wealth distribution than there is wealth. No central bank alchemy can solve that problem.
MSNBC talking head Rachel Maddow is one of the Praetorian Guard defending statist beliefs. Recently she repeated the demonstrably false claim that it was Herbert Hoover’s refusal to act that caused the Great Depression to develop. Economics professor Steve Horwitz of St. Lawrence University has issued an open challenge to Maddow to debate the claim.Continue Reading
Here is a letter in today’s Wall Street Journal by a man who sees America’s terrible economic situation clearly. I wonder what Timmy Geithner would say in response. No doubt the founders of our republic believed that commerce was the basis for a prosperous future. Commerce meant enterprise free of overly restrictive government regulation. However,Continue Reading
Roy Cordato already has warned us of the president’s efforts to “trade blood for oil” by imposing new fuel-efficiency standards on car manufacturers. John Stossel picks up the same theme with a new column titled “A government that kills.” The Center for Automotive Research says the new standard will raise the price of cars byContinue Reading
Walter Williams‘ latest column probes the historical record of recent government attempts to “tax the rich.” Specifically, Williams looks at the impact of an attempt in 1990 to impose a 10 percent luxury tax on yachts, private airplanes, and the most expensive cars. Back then, Congress told us that the luxury tax on boats, aircraftContinue Reading