VIDEO: Milton Friedman - Public Housing

Professor Friedman discusses another road paved with good intentions.

Housing Decline: Only Halfway Home

When Reuters and CNBC.com announced the awful housing numbers from February, most observers were surprised. The housing market appeared to have found a bottom last fall, and many economists were expecting small but predictable improvements every month.The Commerce Department, however, doused whatever positive expectations there were when they announced that new home ... MORE

Thomas Sowell: Blacks and Republicans

San Francisco irrepressible former mayor, Willie Brown, was walking along one of the city's streets when he happened to run into another former city official that he knew, James McCray. McCray's greeting to him was "You're 10."  "What are you talking about?" Willie Brown asked. McCray replied: "I just walked from Civic Center to Third Street and you're only the 10th black person I've seen." That is hardly  ...  MORE

VIDEO: Thomas Sowell - What Are They Buying?

Sowell explains the real reason why politicians have spent tax dollars like drunken sailors.

Douglas French: Banking Turnaround?

The headline is that the U.S. banking industry turned around in a big way in 2010 earning $87.5 billion, the highest since 2007. That’s a huge jump from 2009′s industry loss of $10.6 billion. Unemployment is still high at 9% according to the government, commercial real estate values are still in the dumps and home values according to Case-Shiller are still declining. Banks in the aggregate even charged off roughly the same ...   MORE

Michael Pento: Geithner's Failed Makeover

The plan does not address the Fed's role in making interest rates arbitrarily low.

To counter the increasing demands that government reduce its micromanagement of the economy, last week the Obama Administration offered a fig leaf in the form of a white paper entitled "Reforming America's Housing Finance Market." In addition to marking the official end of the Bush era "ownership society," ...  MORE

VIDEO: John Stossel's State of the Union

High debt, rampant spending and a government growing like a cancer.

What's a competent president to do?