Detroit, The End Game of Liberalism

by Phil Boehmke. What do you get when a mighty industrial city is subject to six decades of one party rule and unchecked union greed? Answer: Detroit. On Election Day 2008, the voters of Detroit turned out in droves to vote for Barack Obama. Special assistance was provided for those who were unable to comprehend the electoral process or read the ballot.   ... MORE

VIDEO: Milton Friedman - Public Housing


Professor Friedman discusses another road paved with good intentions.

John Stossel: Gas Prices And The Market

The speculators are ripping us off! "The skyrocketing price of gas and oil has nothing to do with the fundamentals of supply and demand, and has everything to do with Wall Street firms that are artificially jacking up the price of oil in the energy futures markets. ... (T)he same Wall Street speculators that caused the worst financial crisis since the 1930s through their greed, recklessness ... MORE

Robert Bryce: California Dreamin'

California leads the nation in a number of ignominious categories. Its budget deficit of $26 billion is nearly twice as large as that of the next state (Texas). It ranks second in unemployment at 12 percent, behind only Nevada. Unemployment is so pervasive that six of the 14 metropolitan areas in the U.S. with the highest rates of unemployment are in California. Given those ... MORE

VIDEO: Polling Results On Debt, Taxes, Politics

Let The Sun Shine In On Public Pensions, Benefits

As debates heat up in states across the country over budget shortfalls, more and more focus is being placed upon the runaway growth in health and pension benefits for state and local government workers. These excessive benefits are a major factor behind the exploding costs of government in many states. It is time to bring these costs under control before they completely ... MORE

David Harsanyi: Our Imaginary Debt Ceiling

Political posturing trumps economic sense. It is reprehensible how politicians waste our time with whimsical notions about "debt ceilings" and "budgets." A federal debt limit is much like other government guidelines—e.g., "speed limits" and "filing taxes"—that exist only theoretically. In the past decade, Congress has raised the debt limit -- instituted in 1917 to restrain ... MORE

VIDEO: John Stossel - Beyond Defense


America has 50,000 troops in Germany. Why?

Thomas Sowell: Fed Up With The Fed?

When people in Washington start creating fancy new phrases, instead of using plain English, you know they are doing something they don't want us to understand. It was an act of war when we started bombing Libya. But the administration chose to call it "kinetic military action." When the Federal Reserve System started creating hundreds of billions of dollars out of thin air, they called it  ... MORE

Walter E Williams: Let's Blame Speculators

Here's a non-rocket science question: If you expect a reduced harvest of wheat, corn, rice or any other commodity some time in the future, what would be the wise thing to do about your consumption today? I bet that the average person would answer: Consume less now so that more will be available in the future. But how in the world can people be encouraged to consume less now?  ... MORE

VIDEO: Fight of the Century: Keynes vs Hayek Round 2


Brilliant new economics hip-hop music video by John Papola and Russ Roberts at http://EconStories.tv.

Steve Chapman: Why Birtherism Is Here To Stay

On Oct. 22, 1844, thousands of followers of American evangelist William Miller woke up expecting Jesus Christ to make his triumphant return that day, as they had been told. That night, they went to bed, surprised and disappointed. But Miller's movement endured. It was too much to expect that birthers, presented with President Barack Obama's birth certificate, would say:  ... MORE

Barack Obama, The Cereal Killer

Administration seeks to protect citizens from their liberty. Food companies are being asked to cut down massively on advertising fatty snacks to children and teenagers. In an attempt to control America's growing childhood obesity epidemic, the long-awaited guidelines, released today by the Obama administration, put pressure on suppliers to rethink how they ... MORE

ViDEO: Andrew Napolitano - High Cost of Gov't Control

Don't Let The Debt Get In The Way Of The Party

by Mark Steyn. The other day Paul O'Neill said that ...     Oh, wait. I suppose I ought to explain who Paul O'Neill is. A decade ago, he was George W. Bush's first Treasury secretary. I have no very clear memory of him except that he toured Africa with Bono and they were photographed in matching tribal dress looking like Col. Gadhafi's Mini-Me twins at a Tripoli sleepover. Other than the dress-up fun, ... MORE