“The main lesson we have learned from the New Deal is that wholesale government intervention can–and does–deliver the most unintended of consequences. This was true in the 1930s, when artificially high wages and prices kept us depressed for more than … Continue reading
If the government borrows the money for the stimulus, then it will either have to print money later or raise taxes to pay it back. If the government raises taxes to pay for the stimulus, it will, in effect, be … Continue reading
There are more important things than the will of the majority. The most important thing is the right of the individual. Governments that put the rights of the individual above the ‘rights’ of the mob are governments worth having, protecting … Continue reading
I read (in the Wall Street Journal) that the new Vice President of the U.S. quipped that he’s never had a boss before. Of course it was only a joke, but it’s a revealing one. Don’t all politicians have a … Continue reading
People debate the government “rescue” of the American car industry. It’s no debate. Nobody ever questions the premise that government even CAN “save” the car industry, much less should even try. Here’s what General Motors Vice Chairman Bob Lutz recently … Continue reading
“It only stands to reason that where there’s sacrifice, there’s someone collecting the sacrificial offerings. Where there’s service, there is someone being served. The man who speaks to you of sacrifice is speaking of slaves and masters, and intends to … Continue reading
Our poor President. (I’m referring to the outgoing one). He (and we, mercifully) have just 3 days to go. To look at him in photo-ops with the new President, he looks like a child at his own birthday party. He … Continue reading
Guess you heard that 68% of the youth vote went to Obama. My granddaughter called this morning to tell me she was one of them. I replied with this e-mail: What is the economic effect of Obama’s election on you … Continue reading
The last time the government tried spending its way out of a Depression, we had two Presidents attempting to do so. One was called Herbert Hoover and the other Franklin D. Roosevelt. Myth has it that Hoover was an evil … Continue reading
President-elect Barack Obama called the latest U.S. job losses on Friday “a stark reminder of how urgently action is needed” to revive the nation’s staggering economy. He said he was open to fresh ideas from Congress. “Just show me. If … Continue reading
People sometimes ask me: “How can you be against anti-discrimination laws? Are you in favor of discrimination?” In a word: Yes. Let me explain. I’m in favor of the idea that discrimination can be rational, or not. I’m also in … Continue reading
I recently read that while “no smoking in public places” laws are widespread throughout Europe, the “culture of smoking” remains. What does this mean? It’s simple. People will be who they want to be, regardless of what the government says … Continue reading