FED continues to stack house of cards. A businessman and investor for whose judgment I have the highest regard sends this email about yesterday’s Fed announcement: “It is impossible to overstate the danger posed to the long-term stability of our country by current Fed policy, which has reached what one can only hope is the apogee of misplaced confidence in their ability to ... MOREWilliam Kristol: Fear The FED
FED continues to stack house of cards. A businessman and investor for whose judgment I have the highest regard sends this email about yesterday’s Fed announcement: “It is impossible to overstate the danger posed to the long-term stability of our country by current Fed policy, which has reached what one can only hope is the apogee of misplaced confidence in their ability to ... MOREJacob Feldman: Government Consumes American Earnings
Americans work so politicians can spend. Each year Americans for Tax Reform Foundation authors the Cost of Government Day (COGD) report which measures the number of days worked to pay off the annual burden of government spending and regulation. In 2011, Americans have to work 224 days (through August 12) to support the government Goliath. For the third ... MOREJohn Stossel: A Government That Kills
More dangerous cars have been mandated. President Obama has declared that auto companies' fleets must average 54.5 miles per gallon by 2025, almost double the current 27.5. Standing at his side when he made the announcement were executives from the Big Three automakers. The New York Times reported: "It is an extraordinary shift in the relationship ... MOREIra Stoll: Obama Gets A Blank Check For An Endless War
Where is the press? Where are the protests? The Obama administration is on pace to have more American soldiers killed in casualties related to the wars in Iraq and Afghanistan than the George W. Bush administration did in its first term. Already, hundreds more American troops have been killed in Afghanistan during the less than three years of the Obama administration than during ... MOREW. James Antle, III: Downgrading The Constitution
The downgrade that began the crisis. Treasury Secretary Timothy Geithner dinged Standard & Poor's for "terrible judgment" in downgrading the federal government's credit rating. Less genteel liberals offered less flattering assesments. "[I]t's hard to think of anyone less qualified to pass judgment on America than the rating agencies," opined Paul Krugman. "The people ... MOREPeter Ferrara: Obama Downgraded, Tea Party Vindicated
Only the national debt was stimulated. President Obama achieved the historic downgrading of America's credit rating the old-fashioned way. He earned it. He came into office with federal spending already near an historic peak, with a percent of GDP at 20.7 percent and having increased by one-seventh during the Bush years. One year earlier Bush had joined with then House Speaker ... MORERyan Young & Jacqueline Otto: The Big Repeal
In 1787, there were four federal crimes. Now there are over 4,000. The Code of Federal Regulations runs over 157,000 pages. America is overlawyered and overregulated, and the economy is suffering for it. Congressmen from both parties recognize this. But reform eludes them. It isn't necessarily their fault. Congress's institutional structure is geared ... MOREC. J. Ciaramella: Citizens Under The Microscope
TSA rolling out new "behavior detection officers." Passengers flying through Boston’s Logan International Airport will notice the security screeners are chattier than usual, but it’s not an improved customer service policy. On Tuesday the Transportation Security Administration began a test-run at Logan of its SPOT program, which stands for Screening of Passengers by Observation ... MOREWarren Meyer: Why So Many Licenses?
2011 Milton Friedman Legacy for Freedom Essay. Milton Friedman was always a more-than-able educator about the dangers and internal contradictions of socialism. But he also recognized another danger to capitalism and freedom, from the most -- rather than least -- successful corners of the economy. He said: "With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to ... MORE
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