Obama’s philosophy of wealth creation should be called “trickle up” economics. He believes, and states over and over again, that the worker — and the middle class employee — is the central unit of economic activity. Karl Marx had a … Continue reading
Which to choose–McCain or Obama? The choice is between a man who does not deserve to be President, and a man who will be intolerable as President. That being said, the winner of the title Commander-in-Chief is patently obvious. It … Continue reading
Sen. Tom Coburn: “The root of the problem is political greed in Congress. Members … from both parties wanted short-term political credit for promoting homeownership even though they were putting our entire economy at risk by encouraging people to buy … Continue reading
“The financial crisis is not the crisis of capitalism. It is the crisis of a system that has distanced itself from the most fundamental values of capitalism, which betrayed the spirit of capitalism.” — French president Nicolas Sarkozy This from … Continue reading
John McCain is such a horrendous “defender” of capitalism that one can only conclude he sees no purpose in defending it. This is a man with absolutely NO systemic understanding of anything economic. As awful and as socialist as Obama … Continue reading
“Still, the bank bill with its huge bailout does suggest that the $29 billion bailout of the bondholders of Bear Stearns in March was a mistake. It seemed to have a moral-hazard effect by encouraging Lehman Brothers and other investment … Continue reading
Q: Dr. Hurd, isn’t the collapse of capitalism, as we know it, and the emergence of all-out socialism in the U.S., a failure of the free-market individualist moment? A: No. If unrestrained, unhampered capitalism and individual rights were ever given … Continue reading
A journalist wrote me the following: “I always say both Democrats and Republicans want to transfer wealth. Democrats want to take from the rich and give to the poor. Republicans want to take from the poor and give to the … Continue reading
So let me get all this straight. Letting an industry go bankrupt will have catastrophic consequences for every single person in society. It will be the end of our economy. Bankrupting the government by forcing taxpayers to subsidize $700 … Continue reading
I don’t understand why the lesson of the recent financial meltdown is that “we must return to regulation.” The regulatory infrastructure we have today has been in place since the 1930s New Deal — and before. This infrastructure was supposed … Continue reading
We’re being told by Joe Biden and Barack Obama that it’s our “patriotic duty” to pay taxes. Evaded in this statement are two things. One, how does an alleged patriotic duty to pay taxes justify a patriotic duty to pay … Continue reading
In the wake of the latest financial disaster, the government plans to “step in” and get things regulated. Hello? The government already did that–way back when the Federal Reserve was created (early 20th Century) and when the New Deal was … Continue reading