Keyword: freemarkets

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  • Free Roxbury with Free Enterprise

    06/15/2015 1:28:10 AM PDT · by Kaslin · 5 replies ^ | June 14, 2015 | Jeff Jacoby
    Governor Charles Baker acted prudently in pulling the plug on a scheme to relocate the state Department of Transportation from its headquarters in bustling Park Plaza to a long-vacant Roxbury lot known as Parcel 3. The half-baked plan, inherited from former Governor Deval Patrick, may have been well-intended; its goal was to revitalize a struggling neighborhood with a $350 million construction project and the influx of state employees. But the new administration concluded that the expense and upheaval couldn't be justified, especially in light of a $1.8 billion budget shortfall. Halting an unrealistic top-down proposal was a no-brainer. The real...
  • Uber Is Utopia

    06/07/2015 7:29:17 AM PDT · by Kaslin · 19 replies ^ | June 7, 2015 | Debra J. Saunders
    The revenge of the status quo is brutish. "If you attack the establishment long enough and hard enough, they will make you a member of it," humorist Art Buchwald once observed. Those words never seemed truer than at the "Uber Turns Five" celebration at its San Francisco digs Wednesday. In the disruption economy, five years can carry a ride-service giant from disruptor to establishment. Uber CEO Travis Kalanick certainly has matured. Last year, the startup went on a "charm offensive" in an attempt to quell stories about Uber's testosterone culture. That didn't go swimmingly. A male exec told a New...
  • Dr. Capitalism

    05/20/2015 4:43:01 AM PDT · by Kaslin · 4 replies ^ | May 20, 2015 | John Stossel
    For years, my scientist brother Tom was the nonpolitical Stossel. I defended free markets on TV, and he studied blood at Harvard and Brigham and Women's Hospital. Mom asked me when I'd get a "real job" like his. Then the crusade against capitalism reached his world. Medical "journalists" demanded that corporations distance themselves from medical research. They'll bias the results, "put profits before people" and sell dangerous goods. Tom didn't notice this "conflict of interest crusade" until he joined the scientific advisory board of a biotech company and learned how difficult it is to bring medical innovation to market. Now...
  • Subsidizing and price fixing us into the poorhouse

    05/18/2015 4:58:07 AM PDT · by HomerBohn · 9 replies
    Personal Liberty ^ | 5/18/2015 | Bob Livingston
    The whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence. The art of economics consists in looking not merely at the immediate but the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.” — Henry Hazlitt, “Economics in One Lesson” One of the greatest fallacies of recent generations is the argument that free market capitalism has failed and that said failure is responsible for America’s moribund economy, the ongoing destruction of the middle...
  • Barney's Blithering Misunderstanding of Business: 'Your Being There Means Somebody Else' Won't Be

    03/29/2015 7:53:12 AM PDT · by governsleastgovernsbest · 19 replies
    NewsBusters ^ | Mark Finkelstein
    Two days ago I ordered online a used copy of Milton & Rose Friedman's classic "Free to Choose," hoping a liberal loved one would be willing to read it. That doesn't look like it's going to happen, so now I'm tempted to send the book to Barney Frank—since it's apparent that, like many liberals, he doesn't understand the most basic notions of how free markets work. On Steve Kornacki's MSNBC show today, Frank described business creators as being "given privileges." Barney then added this mind-boggler: "there's only a limited amount of space, there's only a limited amount of businesses. Your...
  • Enough Fighting: Time for Libertarians and Conservatives to Unite [retread zot]

    03/23/2015 7:54:24 AM PDT · by Kaled · 143 replies
    Raging Against The Rhetoric ^ | 03-18-2015 | Jackie Wellfonder
    Conservatives often find themselves at odds with the libertarian crowd. However, is that anger really warranted? As President Reagan once said, “If you analyze it, I believe the very heart and soul of conservatism is libertarianism.” True conservatives and libertarians, let’s not pretend there aren’t fakers on both side, all agree on the fundamentals: limited government, personal responsibility, and economic freedom. Neither group wants the government interfering in our daily lives and telling us what we can and cannot do. Now there may be slight disagreements on how that plays out in the policy arena, but we should not allow...
  • Energizing an energy policy

    02/03/2015 7:55:16 PM PST · by Tolerance Sucks Rocks · 3 replies
    The Washington Times ^ | February 2, 2015 | Ed Fuelner
    If you’re like most Americans, you’re enjoying the fact that it costs a lot less to fill up your car’s gas tank these days. If you’re a fan of big government, you may feel a bit ambivalent, though. Why? Because one of the biggest drivers behind the drop in gas prices is the rise in directional drilling and hydraulic fracturing (“fracking”) here at home. While the government is busy micromanaging the energy industry — trying to saddle it with more regulations while showering favors on so-called “green” companies — the free market is showing how to actually get things done....
  • GOP abuzz over Mitt Romney’s liberal lexicon on poverty, foreign policy

    01/21/2015 11:45:22 AM PST · by Tolerance Sucks Rocks · 44 replies
    The Washington Times ^ | January 20, 2015 | Ralph. Z. Hallow
    Mitt Romney’s opening pitch for a third shot at the White House left many Republicans scratching their heads, in part because his plans to fight poverty and tyranny seemed to borrow the lexicon of liberals like FDR, LBJ and Woodrow Wilson. With a full house of Republican National Committee members listening aboard the USS Midway in San Diego, Mr. Romney implored his party last week “to lift people out of poverty” and “to make the world safe.” The first phrase is a favorite of liberals who gush over Franklin Delano Roosevelt’s New Deal and Lyndon B. Johnson’s Great Society programs...
  • Thanksgiving Story: The Pilgrims, Collectivism, and Free Markets

    11/26/2014 7:08:25 AM PST · by dleeper47 · 12 replies
    Western Free Press ^ | Nov 23, 2014 | David Leeper
    The undertold story of how the Pilgrims tried hard to live under what we could call communism and nearly starved to death. In 1623 they abruptly switched to private property and free markets and never went hungry again.
  • Barro on Health Insurance: People Can't Be Trusted, We Need Gruber

    11/19/2014 3:59:26 PM PST · by governsleastgovernsbest · 11 replies
    NewsBusters ^ | Mark Finkelstein
    Some liberals like to pass Josh Barro off as a conservative. The New York Times correspondent debunked that notion himself, tweeting that he was most easily understood as a "moderate." But after his appearance on MSNBC today, another term might more aptly apply: elitist liberal. Speaking with Alex Wagner, Barro crammed a carload of condescension into thirty seconds. Barro claimed that health insurance is "weirdly complicated," and thus that Americans can't be permitted to choose it as they would other products. No, we can't let people use their "own judgment." The free market "doesn't work very well" with health insurance....
  • Poll: Americans are still individualists who love capitalism — but they think the future is dark

    10/12/2014 9:56:12 AM PDT · by george76 · 32 replies
    American Enterprise Institute ^ | October 10, 2014 | James Pethokoukis
    <p>Finally, just 40% think success is determined by forces outside out control vs. 51% for the average advanced economy.</p> <p>So Americans still have a great faith in the power of individual effort to make one’s own breaks and climb the ladder of success. At the same time, though, they are worried about what the future holds with just 30% confident that the next generation will be better off than the current one.</p>
  • Why Do Peacenik Liberals Make War on Business?

    09/09/2014 12:29:55 AM PDT · by Cincinatus' Wife · 32 replies
    The American Thinker ^ | September 9, 2014 | Christopher Chantrill
    "... we have lefty activists in full cry all across the nation demanding an increase in the minimum wage as the cure for inequality and a sluggish economy. And people believe them! Liberal journalist Norah O'Donnell asks Republican candidate Thom Tillis in North Carolina if a minimum wage of $7.65 an hour is “enough."Got any settled science on that, Norah?And what about the children?After two hundred years of a capitalism that has lifted the average person from an income of $3 per day to $100 per day,you would think that the educated, evolved people would have decided that the science...
  • The Unions’ War on Small Businesses

    08/11/2014 11:51:31 AM PDT · by SoFloFreeper · 2 replies
    Daily Signal ^ | 8/9/14 | James Sherk
    Would you like to own a small business someday? If so, sorry — the Service Employees International Union would rather you didn’t. The SEIU has convinced the National Labor Relations Board (NLRB) to eviscerate the franchising model that many small-business owners rely on.Under the current model, these small-business owners pay for the right to use a corporate brand. The franchising corporation researches appealing products. It also does marketing to promote the brand. In return, the local franchisees agree to produce those products to fit certain price and quality specifications. The local franchisee handles all the hiring and employment.
  • Small-Government Group Now Stumping For Harry Reid’s Internet Tax

    08/02/2014 7:34:03 AM PDT · by Kaslin · 6 replies ^ | August 2, 2014 | Michael Schaus
    In the beginning, there was nothing. Then, Al Gore created the internet; and soon there were entire businesses using the interwebs for commerce and profit. We really should have known that it was only a matter of time until DC insiders tried to squeeze a little more tax revenue out of that particular free-market innovation. The Market Place Fairness Act (AKA: Small Internet-Business Death Sentence) is making a comeback. After Harry Reid managed to pass the punitive tax bill through the Democrat controlled Senate, some Beltway wonks are now trying to resurrect support for it in the US House. And,...
  • Socialism Punk’d You, Millennials

    07/14/2014 7:09:34 AM PDT · by Kaslin · 17 replies ^ | July 14, 2014 | Katie Kieffer
    “Here’s your drink, darling,” the bartender said with a smile. He seemed upbeat as he made drinks and greeted customers. “Do you like your job?” I asked him. “I hate it,” he confessed. “Honestly, I hate my job.” I keep running into young people who put on a show of being happy with their lives but, when probed a bit, quickly concede that their smiles mask trials. A few days ago, I met a young woman who told me she works as a hairdresser at two different salons while seeking work in her desired field. The next day, I met...
  • Hobby Lobby Raises Minimum Wage to $14: What Happens When Govt Doesn’t Tie Businesses’ Hands

    07/04/2014 8:32:00 AM PDT · by ReformationFan · 14 replies
    Charisma News ^ | 7-3-14 | Alex Kocman
    Hobby Lobby CEO David Green is committed to trying to run his business the way Jesus might have. After a massive victory for religious freedom at the Supreme Court on Monday, Christian-owned arts and crafts giant Hobby Lobby has announced that its minimum wage for full-time hourly workers will be raised to $14.50 per hour. Effective immediately, the announcement also entails that part-time hourly workers receive $9.50 per hour. Given the track record of Green's retail chain, the wage increase is not incredibly dramatic. In 2012, the retailer was already paying full-time employees $13 per hour while part-timers earned $9....
  • Economic Freedom

    07/02/2014 6:21:30 AM PDT · by Kaslin · 2 replies ^ | July 2, 2014 | Walter E. Williams
    A couple of years ago, President Barack Obama, speaking on the economy, told an audience in Osawatomie, Kansas: "'The market will take care of everything,' they tell us. ... But here's the problem: It doesn't work. It has never worked. ... I mean, understand, it's not as if we haven't tried this theory." To believe what the president and many others say about the market's not working requires that one be grossly uninformed or dishonest. The key features of a free market system are private property rights and private ownership of the means of production. In addition, there's a large...
  • Republicans Need to Get to Know Their Enemies on Income Inequality

    04/28/2014 6:18:36 AM PDT · by Kaslin · 23 replies ^ | April 28, 2014 | Cathy Reisenwitz
    “Know thine enemy.” Uttered most famously a millennia and a half ago by famed warrior/philosopher Sun Tzu, the advice holds up well, even, and especially, when the battles are ideological. So what is the thinking behind the right’s utter refusal to actually engage with the left’s actual position on inequality? The Federalist’s Ben Domenech wants us to know that in reality, inequality doesn’t matter. Of course what “matters” is entirely subjective. It would make more sense for Ben to try to persuade those who think it does why they shouldn’t. But that would require that Ben understood why inequality matters...
  • Debunking The 'Texas Miracle' Debunkers

    03/07/2014 3:31:10 AM PST · by IBD editorial writer · 11 replies
    Investor's Business Daily ^ | 03/06/2014 | IBD Staff
    Economy: When not making excuses for President Obama's dismal economic record, liberals try to explain away Texas' stellar growth. But what choice do they have? The Lone Star State proves limited government works. After Gov. Rick Perry entered the presidential primaries in 2011, the left made a determined effort to dismiss the fact that his state had outperformed the rest of the country. Economist and New York Times columnist Paul Krugman called it the "Texas Unmiracle." Time magazine dismissed Texas' burgeoning growth as mere luck. Others chimed in along the same lines, insisting that low taxes, limited government spending and...
  • CVS’s decision isn’t really about smoking

    02/07/2014 1:51:09 AM PST · by Tolerance Sucks Rocks · 44 replies
    Market Watch ^ | February 5, 2014 | Diana Furchtgott-Roth
    When CVS Caremark Corp. Chief Executive and President Larry Merlo announced that his drugstore chain would stop selling tobacco products , one of the first to respond was the president of the United States. The speed of the president’s statement indicates that CVS’s decision was likely coordinated with the White House. Every day, countless business decisions are made without any comment from the White House. Something unusual was going on. This is troubling. It gives the appearance of preference for those who curry favor with the powerful, and it squeezes out smaller entrants who can supply innovative products and services...
  • Rush To Judgment

    12/12/2013 8:06:47 AM PST · by Academiadotorg · 15 replies
    Accuracy in Academia | December 11, 2013 | Christopher Manion
    FRONT ROYAL, VA — Rush Limbaugh is mad as Hell and he’s not gonna take it anymore. But he’s not shooting at his usual targets. Of all things, Rush is mad at the Pope. Pope Francis, the new guy on the block who, for all we know, might be even more popular than Rush. Megadittos, Papa Francesco! It all started last week when Pope Francis published Evangelii Gaudium (The Joy of the Gospel), an “Apostolic Exhortation” that commemorates the end of the Year of Faith, which ended with the First Sunday of Advent this week. In the 50,000 word document...
  • The Pope Is Wrong about Capitalism: Free Markets Are Best for the Less Fortunate

    12/02/2013 7:41:24 AM PST · by SeekAndFind · 53 replies
    Townhall ^ | 12/02/2013 | Daniel J. Mitchell
    Forget the debate over whether Obama is a socialist. Now we’re discussing whether Jesus is for big government. Or, to be more accurate, the Pope has started a debate about whether free markets are bad, particularly for the poor. Samuel Gregg of the Acton Institute wrote about the underlying theological issues in an article for National Review, but I hope I also contributed to the secular aspect of the debate in this BBC interview. Editor's Note: I'm Catholic... Conservative, Traditional Catholic. Mitchell's right; Pope wrong. This is not a matter of doctrine. We are all free to disagree with the...
  • Obamacare's Authoritarian Problem

    11/01/2013 1:06:53 PM PDT · by Kaslin · 18 replies ^ | November 1, 2013 | David Harsanyi
    You can't keep your insurance if you like it under Obamacare, because you're too ignorant to understand what's good for you. That's the argument we've been hearing from a lot of folks on the left -- an argument that pivots from "common good" to soft authoritarianism. President Barack Obama is all in, as well, claiming that he was merely guilty of forcing Americans to pick a "Ferrari" health care plan over a "Ford" one. (Is it really "picking" if you're forced?) This is necessary because health care is not a product as a toaster is a product. (It took me...
  • Lawsuit Reform is a Key Free-Market Issue

    10/03/2013 12:49:34 PM PDT · by ThethoughtsofGreg · 1 replies
    American Legislator ^ | 10-2-13 | Amy Anderson
    For a marketplace to function properly, a legal system must incentivize good behavior and punish bad behavior. Lawsuits exist to make the wrongly injured financially whole by the injurer. If the wrong party is required to pay for an injury, justice is not served. Likewise, if an individual is awarded a windfall of overcompensation for an injury, justice is not served. These scenarios are just as problematic as if a defendant were to not compensate the injured for an injury they legitimately caused. Lawsuit Reform for Competitive State Economies, a new report from the Task Force on Civil Justice, translates...
  • [VANITY] Happy Enterprise Day!

    09/01/2013 10:39:35 PM PDT · by re_nortex · 4 replies
    September 2, 2013 | Self
    To Conservatives, today is Enterprise Day when the job creators -- the risk takers and investors -- put it all on the line for the uniquely American way of free enterprise and letting the marketplace rule. Through hard work, intelligence and innovation, the makers are those to be honored today.Instead a DemonRAT president, Grover Cleveland, chose to set aside a day to pay tribute to the socialist union goons of the labor movement. Along with its evil twin, the minimum wage, union thugs have deliberately put brakes on the American economic engine.
  • How the GOP Could Win the Climate Debate

    07/10/2013 7:00:45 AM PDT · by snarkpup · 53 replies
    Real Clear Science ^ | July 10, 2013 | Eric Bradenson
    Someone in the GOP needs to say it: conservation is conservative; climate change is real; and conservatives need to lead on solutions because we have better answers than the other side.
  • This Will Leave a Mark: More Bi-Partisan "Reform"

    07/03/2013 5:35:08 AM PDT · by Kaslin · 2 replies ^ | July 3, 2013 | John Ransom
    The economy today, in this Fourth of July week for 2013, waits in breathless anticipation of our newest declaration of dependence. Sometime this week, jobs data, housing data and some other data export manufactured by the federal government will result in someone, somewhere- perhaps even in the stock market- doing something. And when that happens regulators, media mavens, talking heads, politicians, special interests, and Mayor Bloomberg, will all say with the pride of a collective: “See? We did that,” as if “nothing” would happen without the beneficent government first allowing it. So it goes today in the United States Senate,...
  • Stop Complaining and Start Doing

    06/28/2013 2:16:16 AM PDT · by Kaslin · 78 replies ^ | June 27, 2013 | Jedediah Bila
    One of the best lines of advice I've ever gotten came from my aunt Rose in the third grade: "Stop complaining about what you don't like, and do what you can to change it." I took her advice that afternoon, had a much better school year because of it, and promised myself I'd never forget her words of wisdom. So here I am today, immersed in a sea of politics and culture wars, TV and radio debates, panel discussions and Q & A sessions where I'm challenged to think hard about who I am, what I value, and what messages...
  • Pope Should Recognize That Free Markets Are Best Way To End Poverty

    05/20/2013 11:41:55 AM PDT · by IBD editorial writer · 23 replies
    Investor's Business Daily ^ | 18 May 2013 | Editorial
    Statism: Pope Francis seemed to have an economic blind spot, to say the least, when he urged more "state control" to cut global poverty Thursday. On the contrary — the biggest poverty-killer in history is free enterprise.Before we go further, let us say that we know that the pope does seem to have the best intentions and his devotion to the poor is indisputable. But it appears he has been infected by the local economic pathologies of his homeland, Argentina, and its liberation theology among the Jesuits, at least when he warned ambassadors about "the tyranny of money" and called...
  • Why does America regulate the trade in raisins?

    04/15/2013 7:27:33 PM PDT · by Tolerance Sucks Rocks · 20 replies
    The Economist ^ | April 14, 2013 | The Economist Explains
    THE Supreme Court has frequently handed down judgments that have shaken America to its core. Now, it has turned its attention to the raisin. A group of farmers has brought a complaint about the Agricultural Marketing Agreement Act of 1937, under which the government confiscates part of the annual national raisin crop. The Court is considering whether the arrangement is constitutional. But why is a country that generally celebrates red-blooded capitalism regulating the raisin trade in the first place?Since the 1940s a government agency called the Raisin Administrative Committee has confiscated a portion of the annual raisin crop: 47% in 2003 and...
  • Ron Paul launches his own home-school curriculum

    04/08/2013 5:43:40 PM PDT · by Tired of Taxes · 42 replies
    The Daily Caller ^ | 4-8-13 | Patrick Howley
    Former Republican congressman and three-time presidential candidate Ron Paul has launched his own K-12 home-school curriculum to provide an “education in liberty like no other.” The curriculum, which includes courses on “the economics of the Austrian school,” provides its K-5 program for free, meaning that students and families will be able to learn under Ron Paul for six years “without spending a dime,” according to one of the curriculum’s high school teachers, Ludwig von Mises Institute senior fellow Tom Woods. “Here, students learn the basics of Western Civilization and Western liberty — how it was won, how it is being...
  • Contrary To What Jimmy Carter Says, Venezuela's Hugo Chavez Was No Friend Of The Poor

    03/07/2013 11:03:51 AM PST · by IBD editorial writer · 25 replies
    Investor's Business Daily ^ | 7 March 2013 | Editorial
    Socialism: The left is out in force, bleating its praise for deceased Venezuelan dictator Hugo Chavez as a champion of the poor. It's a big lie. Fact is, Chavez hurt the poor, not just in Venezuela, but all over the world. Chavez's death from cancer Tuesday set off a chorus of wailing from the left's politicos, media and movie stars, hailing Chavez as a friend of the poor. "President Chavez cared deeply about the poor," declared Citizens Energy President Joe Kennedy, who's made it his business to distribute Chavez's oil handouts to the poor to help the dictator's political ends....
  • "The Shape Of The Next Crisis" - A Preview By Elliott's Paul Singer

    12/09/2012 7:08:44 PM PST · by Perdogg · 5 replies
    Transcribed from a speech given by Paul Singer of Elliott Management Investing is an art, more so than a science. And for me, what I get paid for is managing the “dark art,” if you will, of risk management and trying to be a visionary and having a dark vision at all times about what can go wrong. It’s a particularly fruitful and impactful time to be thinking about risk management and the thing I want talk about today is what I’ve described as “The Shape of the Next Crisis.” That doesn’t mean we’re going to be talking about the...
  • In Leadership, Appearances Matter

    12/06/2012 3:55:45 AM PST · by Kaslin · 9 replies ^ | December 6, 2012 | Jackie Gingrich Cushman
    Last week, I was exiting my neighborhood Starbucks when I happened to overhear a middle-aged man talking to a younger man who appeared to be his son. "It matters what you wear," the older man told the younger, whose clothes reflected a cross of grunge and goth. "When you go out with your friends on the weekend, you can dress one way; when you are going to a job, it matters what you wear." While many might argue that appearance should not matter, we know in reality that it does. Expectations vary by subculture. What is acceptable for a musician...
  • Don't Try This at Home

    10/02/2012 4:16:01 PM PDT · by Noremac · 2 replies
    Blasted ^ | 10/2/2012 | Richard Cameron
    Hillary Clinton is a free market capitalist. Now, I know what you’re thinking. “Hillary Clinton is a free market capitalist? What??? On what planet? Have you lost you’re mind?” I’ve not lost my mind and Hillary Clinton is a free market capitalist on this planet. Just not in America. Hillary has decided that reducing regulation and taxation of small businesses is a favorable and worthwhile goal… In Libya, Egypt and Tunisia. Yes, Hillary Clinton is tacitly repudiating the Obama Administration’s mode of governance in favor of pro-private sector growth initiatives. Still don’t believe me? Here it is direct from her...

    07/31/2012 4:57:09 PM PDT · by SaveOurRepublicFromTyranny · 16 replies
    THE FREEDOM POST ^ | July 31, 2012
    Today, July 31, 2012, would have been the great free-market economist Milton Friedman's 100th birthday. Below, is a series of interviews Friedman had on the Phil Donahue Show in 1979. Friedman repeatedly, in his customary polite demeanor, makes Donahue look like the Socialist fool that he is. I do have to credit Donahue, however, for allowing Friedman on his program to obliterate him. He's a little more tolerant than today's lefties in media. Watching these videos provides more plain, unadulterated, common-sense economic wisdom than most American universities today would provide over a four-year degree. Happy 100th Milton Friedman!...
  • North Dakota Boom Shows Importance Of Free Markets

    07/21/2012 9:33:46 AM PDT · by SeekAndFind · 1 replies
    IBD ^ | 07/21/2012 | Michael Barone
    This is a tale of two cities. No, not Dickens' phlegmatic London and passionate Paris. Nor the two neighborhoods Charles Murray contrasted in his recent best-seller "Coming Apart" — prosperous but isolated Belmont (actually, Mitt Romney's home for decades) and needy and disorganized Fishtown. These two cities have names you may not recognize but which you have probably read about in the last few years: Fremont and Williston. Fremont, Calif., is the southernmost city in California's East Bay, just around the corner from (well, a few freeway exits away from) Silicon Valley. It's not as upscale as Palo Alto or...
  • How Romney Can Win

    07/09/2012 8:00:19 PM PDT · by neverdem · 65 replies
    City Journal ^ | 8 July 2012 | Luigi Zingales
    The GOP candidate should stand for free markets—and align himself with the vast majority of Americans.A recent New York Times op-ed by Bill Scher, “How Liberals Win,” must be commended for its honesty. Scher presents a compelling historical narrative of how Democrats are happy to ally themselves with big business in a Faustian pact to foster anti-market policies. From Franklin Roosevelt’s National Recovery Act, which promoted the cartelization of industry, to President Barack Obama’s Affordable Care Act, which bought off big pharmaceutical companies by suppressing free trade in the drug market, Scher describes how Democrats have promoted crony capitalism to...
  • When Hugo Chavez Battles Supply and Demand Curves, Guess What Happens?

    04/30/2012 5:00:02 AM PDT · by Kaslin · 6 replies ^ | April 30, 2012 | Daniel J. Mitchell
    Haiti may be the poorest nation in the Americas. Cuba may have the dictator with the longest lifespan. But Venezuela arguably has the worst government. Not the clownish dictator, Hugo Chavez, is trying to repeal the laws of economics. How’s that working out for him?Well, here’s some of what the New York Times wrote.By 6:30 a.m., a full hour and a half before the store would open, about two dozen people were already in line. They waited patiently, not for the latest iPhone, but for something far more basic: groceries. …Venezuela is one of the world’s top oil producers at...
  • Government-Caused Depression?

    04/08/2012 6:37:09 AM PDT · by OwenKellogg · 15 replies
    American Thinker ^ | April 8, 2012 | Col. Frank Ryan, CPA
    During the Vietnam conflict, a common complaint of soldiers was that you could never tell who the enemy really was. In this current economic recession, too, I am beginning to wonder who the enemy of our recovery really is. The president, Congress, the Federal Reserve, and the regulators are all telling us why so many others are to blame. The big banks have done it to us! shouts one group. Wall Street did it, claims another. Homebuyers who bought homes they could not afford are the real culprit! claims another. Perhaps those who have been charged with the responsibility for...
  • State of the Union -- Obama Flunks His Own Fairness Test

    01/24/2012 4:21:05 AM PST · by IBD editorial writer · 2 replies
    Investor's Business Daily ^ | 1/23/2012 | IBD
    If State of the Union speech leaks are any indication, the president wants his re-election campaign to be about fairness.... But Obama has miserably failed even by his own definition of fairness. Under his administration, the only ones winning are the rich and well connected. Everyone else continues to suffer.
  • Speaking of jobs and American energy: Romney in 2003: Coal plant ‘kills people’

    Just days after his 2002 election, Mr. Romney hired Douglas Foy, one of the state’s most prominent environmental activists, and put him in charge of supervising four state agencies. Gov. Mitt Romney and Douglas Foy at a March 2006 event. Mr. Foy had initiated a lawsuit that led to the cleanup of Boston Harbor and had worked to protect fishing grounds and seashores. Once in the Romney administration, he served as the governor’s negotiator on a regional climate-change initiative and put emissions caps in place for coal-fired power plants. With Mr. Foy by his side, Mr. Romney joined activists outside...
  • Rick Santorum attacks former pal Newt Gingrich

    01/13/2012 11:20:42 AM PST · by VinL · 72 replies
    The Hill ^ | 12-13-12 | Khan
    With Newt Gingrich breaking out of the pack as the conservative alternative to front-runner Mitt Romney in South Carolina, he came under attack Friday from an old friend and colleague in Congress, former U.S. Sen. Rick Santorum of Pennsylvania. Santorum had largely avoided political attacks against Gingrich, whom he once considered a political mentor. But on Friday, the glove came off as Santorum took the former House speaker to task for being insufficiently conservative on climate change, free markets and health care. "Conservative alternatives don't go out and attack the capitalist system as he has done. Conservative alternatives don't promote...
  • ‘Starving’ Ph.D.s deserve low pay

    01/09/2012 6:08:48 AM PST · by SmileRight · 44 replies ^ | 1/09/2012 | John R. Smith
    In this age of mainstream news reporters ignorant of economics, the media rarely trumpets the power and truth of free markets and the laws of Supply and Demand, very real forces in our daily lives that confound, embarrass and reject socialist politics. The free market communicates important information. This is why socialist and left-leaning politicians, who hate free markets, operate in economic illiteracy. The free market places no real importance on government contrived social measures that lack real-world value. When the free market speaks, socialist economic theories tremble. An example of the free market correcting economic nonsense is the “socially...
  • Is a gov. managed economy giving us $465 a pound butter and $16 a gallon biofuel in our future?

    12/15/2011 9:15:18 AM PST · by Oldpuppymax · 5 replies
    Coach is Right ^ | 12/15/2011 | Kevin "Coach" Collins
    Over the Past few days a few stories arriving on the internet have combined to give us a look at the “ghost of socialist America future.” A Rasmussen poll told us that 26% of adults in this country believe the government, (read Obama Administration) should manage our economy. Surprisingly just 23% say government should stay away from our economy and let it run itself. A story from Norway connects to this sad state of affairs. It tells of how the European Union which runs EVERYTHING in Europe not just the economy, with its centrally planned economy, has strangled the farming...
  • Obama Says Free Markets Never Work

    12/11/2011 10:33:44 AM PST · by Nachum · 43 replies
    Town Hall ^ | 12/11/11 | Peter Schiff
    For most of his time as a national political figure, Barack Obama has been careful to cloak his core socialist leanings behind a veil of pro-capitalist rhetoric. This makes strategic sense, as Americans still largely identify as pro-capitalist. However, based on his recent speech in Osawatomie, Kansas, the President appears to have reassessed the political landscape in advance of the 2012 elections. Based on the growth of the Occupy Wall Street movement, and the recent defeat of Republicans in special elections, he has perhaps sensed a surge of left-leaning sentiment; and, as a result, he finally dropped the pretense. According...
  • Who Killed Horatio Alger? The decline of the meritocratic ideal

    11/01/2011 7:21:51 PM PDT · by neverdem · 7 replies
    City Journal ^ | Autumn 2011 | Luigi Zingales
    The title character of Horatio Alger’s 1867 novel Ragged Dick is an illiterate New York bootblack who, bolstered by his optimism, honesty, industriousness, and desire to “grow up ’spectable,” raises himself into the middle class. Alger’s novels are frequently misunderstood as mere rags-to-riches tales. In fact, they recount their protagonists’ journeys from rags to respectability, celebrating American capitalism and suggesting that the American dream is within everyone’s reach. The novels were idealized, of course; even in America, virtue alone never guaranteed success, and American capitalism during Alger’s time was far from perfect. Nevertheless, the stories were close enough to the...
  • Employee Told To Remove US Flag Pin

    10/14/2011 3:57:32 AM PDT · by atlas_smugged · 48 replies
    News4Jax ^ | 14th October 2011 | Hailey Winslow
    ST. AUGUSTINE, Fla. -- Sean May has been wearing an American flag pin to work every day for the last two years. "In this day, I kind of feel like it has a little bit more of a powerful meaning than just a pin on somebody's jacket, and I wear it with pride because I like where I live and I love this country," May said. The 26-year-old front desk supervisor at Casa Monica Hotel in the heart of downtown St. Augustine was told to take the pin off Thursday because it violates company policy. "I've actually gotten probably more...
  • Charles Schwab: Every Job Requires An Entrepreneur

    09/28/2011 6:10:26 AM PDT · by Wpin · 14 replies
    The Wall Street Journal ^ | Sept. 28, 2011 | Charles Schwab
    In his speech before a joint session of Congress on Sept. 8, President Obama said, "Ultimately, our recovery will be driven not by Washington, but by our businesses and our workers." He is right. We can spark an economic recovery by unleashing the job-creating power of business, especially small entrepreneurial businesses, which fuel economic and job growth quickly and efficiently. Indeed, it is the only way to pull ourselves out of this economic funk. But doing so will require a consistent voice about confidence in businesses—small, large and in between. We cannot spend our way out of this. We cannot...
  • A Contrast in Catastrophe: Japan and Haiti

    07/09/2011 5:11:40 PM PDT · by billflax · 15 replies
    Forbes ^ | 03/17/2011 | Bill Flax
    In Haiti, a lack of markets means little profit and virtually no wealth, no progress, no resilience against uncertainty, and thus no hope. Haiti is the second oldest autonomous state in the Western Hemisphere. It was a French colony, her richest, but the Haitians overthrew the French in a bloody revolution. In the 1790′s, led by such fascinating characters as Toussaint L’Ouverture, a free black slave owner, Haiti seized independence. Then Toussaint’s successors systematically slaughtered the French minority in what today would be termed genocide. Haiti’s wealth was quickly squandered as a national slave state. She remains mired in hopelessness...