The charts tell the tale. My 1988 edition of Webster's Dictionary defines inflation as follows: "An increase in the volume of money and credit relative to available goods, resulting in a substantial and continuing rise in the general price level." These differences are not academic and go a long way toward explaining why economists argue so vociferously. In a heated debate on the ... MOREMichael Pento: The Cause And Evidence Of Inflation
The charts tell the tale. My 1988 edition of Webster's Dictionary defines inflation as follows: "An increase in the volume of money and credit relative to available goods, resulting in a substantial and continuing rise in the general price level." These differences are not academic and go a long way toward explaining why economists argue so vociferously. In a heated debate on the ... MORESteve Chapman: Free Trade, Without Apologies
International trade has been one of the most powerful forces for prosperity in the history of the world. But a lot of Democrats, including the one occupying the Oval Office, treat it as a mixed blessing at best, requiring reparations for the alleged victims. That's the source of the fight between the president and congressional Republicans over two things the White House wants: ... MOREThe Left's 'Ayn Rand Versus Jesus Christ' Campaign
by Harry Binswanger. The American Values Network, a left-wing group, with considerable funding by George Soros, has launched a media blitz under the banner "Ayn Rand vs Jesus Christ." As an Institute founded by Ayn Rand's heir and devoted to advancing her philosophy, Objectivism, we would like to respond. Since this is an issue Rand faced repeatedly in her lifetime, ... MORE
Walter E Williams: Gross Media Ignorance
Stupid or sinister? There's little that's intelligent or informed about Time magazine editor Richard Stengel's article "One Document, Under Siege" (June 23, 2011). It contains many grossly ignorant statements about our Constitution. If I believed in conspiracies, I'd say Stengel's article is part of a leftist agenda to undermine respect for the founding values of our nation. ... MOREMark Thornton: Why Legalize Now?
Suddenly the world is abuzz with talk about legalizing marijuana and other drugs. Political candidates, politicians, former presidents, interest groups, and even the Global Commission on Drug Policy are all calling for drug-policy reform. Given that we are in a worldwide economic and fiscal crisis, why is everyone interested in drug policy? Have we all suddenly regained our senses ... MORE4th Of July Special: The Americans Who Risked Everything
by Rush H. Limbaugh Jr (the talk radio host's father). It was a glorious morning. The sun was shining and the wind was from the southeast. Up especially early, a tall, bony, readheaded young Virginian found time to buy a new thermometer, for which he paid three pounds, fifteen shillings. He also bought gloves for Martha, his wife, who was ill at home. ... MORESteve Chapman: Stimulus To Nowhere
The failure of Obama's economic agenda. Mired in excruciating negotiations over the budget and the debt ceiling, President Barack Obama might reflect that things didn't have to turn out this way. The impasse grows mainly out of one major decision he made early on: pushing through a giant stimulus. When he took office in January 2009, this was his first priority. ... MORERandall Hoven: Ten Lessons From Federal Spending
One can learn a lot just from looking at federal spending over time. The history of our relationship with our government can almost be summarized in graph. Research shows that from the founding of our nation, 1787-1849 (63 years) federal spending averaged 1.7% of GDP. For the next 51 years, 1850-1900 (including the Civil War) spending averaged only 3.1%. From 1901 ... MORE
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