In order to preserve and expand government programs such as Medicare, Social Security, and all the new ones being proposed, government must have money. A poor country could not create programs because there would be no capital to tax and … Continue reading →

Much has been written lately about whether America is becoming a socialist country. Socialism refers to the economic and social system in which everything is owned by the government. Nobody has been writing about whether the United States has become … Continue reading →

Q: Dr. Hurd, I read with interest your opposition to Obama’s economic program, and government intervention in the economy more generally. My question is this: If you don’t want Obama’s plan, what would you do–what would you support? A: I … Continue reading →

New York University undergraduate and economics student Zachary Caceres wrote the following in response to his college newspaper’s sympathy to government intervention in the economy. To Jessie Yoh: I enjoyed your column on Nationalization in today’s WSN. However, I think … Continue reading →

A web site visitor (name withheld) who is sympathetic to Dr. Michael Hurd’s views writes the following: The Country is infected with hopium and blind to the reality of the situation. The masses (I was going to say stupid masses … Continue reading →

A growing number of “elites,” including Bill Clinton, are calling for a return of the “fairness doctrine” to talk radio, a sure indication that Congress and the new President will soon be taking on this issue. Supporters of the “fairness … Continue reading →

Politicians say “stimulate spending.” This sounds like a good idea if you’re not a critical thinker. If you THINK for all of three seconds, you’ll soon recognize that it’s government doing the spending, with money government took from private individuals. … Continue reading →

“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 →