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Category: Economics

  • Guest Piece: The Banality of Obama

    By Bruce Walker Pundits have been critiquing the new administration for its socialism, for its willful ignorance of foreign policy, for its puerile missteps, but the salient fact of the Obama Presidency is its banality.  He who promised change has dredged up the failed nostrums of the past as if they were something new and…

  • The Dark Truth about Socialized Medicine

    By Selwyn Duke George Mason University economics professor Walter Williams has penned another excellent article, this time about socialized medicine.  And since he relates the truth, it’s not a pretty picture.  He talks about how the health-care systems in Britain, Canada and Sweden are running on fumes, and in particular I call your attention to…

  • Obama: “I Am Not an Animal!”

    By Selwyn Duke Actually, Obama said, in so many words, "I am not a socialist!" in a delayed-reaction response to a question from a New York Times reporter.  That is to say, his initial answer was a very pithy "no," but then he felt compelled to call the interviewer back and give the scribe a…

  • Blaming Economic Freedom: Using the Malaise to Spread the Disease

    By Selwyn Duke “Rule one: Never allow a crisis to go to waste,” said Barack Obama’s chief-of-staff, Rahm Emanuel, late last year. Mindful of this advice, the left is using our current economic woes to resurrect socialism’s star – and, by extension, communism’s (Marx identified socialism as a transitional stage to communism) – by bemoaning…

  • Reader Email – The Great American Bribe: Statehood Lost

    The Senate, Congress and President of the United States have recently passed a partisan spending bill, AKA “The Stimulus Package,” for the total amount of $787 BILLION dollars.  To put that into perspective, if one dollar bills were lined up end to end, 787 billion dollar bills would go to the moon 312 times, with…

  • Milton Friedman Schools Phil Donahue http://youtube.com/v/RWsx1X8PV_AThis is one of the best two-minute videos I've ever watched. In it, famed economist Milton Friedman lays waste to Phil Donahue's naive socialist prattle and skepticism about the free market. Putting these men side-by-side is the greatest of contrasts: It's the giant and the court jester. The saddest part…

  • Is Anyone Smart Enough to Micromanage an Economy?

    The always-perspicacious economics professor Walter Williams' latest column contains an excellent explanation of why it is impossible for anyone, no matter how brilliant, to micromanage an economy.  What he says is something wise people know instinctively, but, nevertheless, it's worth a read.  If nothing else, it may provide you with another way to explain the…

  • Weimar Amerika

    By Bruce Walker America today stands on the precipice of a full blown depression.  International market forces are making the dollar increasingly weak, and the response of our government is to produce artificial demand by printing vast amounts of currency and credit.  Is this America in 1933 under Franklin Roosevelt?  No, it is Weimar Germany…

  • Guest Piece: The Grimness of True Social Justice

    By Bruce Walker What is the oldest mantra in the Cult of the Left?  Fairness:  the odd idea that the function of government is to make life fair.  Social justice is another name for this jihad in favor of absolute equality.  The Left begins with redistribution of wealth and progressive tax rates, but it usually…

  • The Artificial Reality of the Matrix Media

    Selwyn Duke A common defense of error today is to say, with deep indignation, “I have a right to my opinion!”  Legally this is true, given that our First Amendment is extant.  But as G.K. Chesterton once said, “Having the right to do something is not at all the same as being right in doing…