It's finally time to sink the Bismark. Otto, that is. The siren song of Socialism contains the seeds of destruction that now threaten the very foundations of civilization. Socialism as a disease progresses slowly, but it has been underway for more than a hundred years. The malignancy is now metastasizing. Unfortunately, ours are the generations that will ... MOREMonty Pelerin: The Welfare State & Political Self-Interest
It's finally time to sink the Bismark. Otto, that is. The siren song of Socialism contains the seeds of destruction that now threaten the very foundations of civilization. Socialism as a disease progresses slowly, but it has been underway for more than a hundred years. The malignancy is now metastasizing. Unfortunately, ours are the generations that will ... MOREThomas Sowell: A Brass Age?
This may be the golden age of presumptuous ignorance. The most recent demonstrations of that are the Occupy Wall Street mobs. It is doubtful how many of these semi-literate sloganizers could tell the difference between a stock and a bond. Yet there they are, mouthing off about Wall Street on television, cheered on by politicians and the ... MOREJohn Hayward: Buffett Cleans Up After Keystone XL
The Sage of Obama is one lucky guy. When President Obama, who is normally a great proponent of “infrastructure” projects, made his bizarre decision to block the Keystone XL pipeline project, I wondered if he might have been induced to create those thousands of American jobs if the oil could be moved by his beloved high-speed rail. As it turns out, oil ... MORERichard Branson: Time To End The War On Drugs
Findings from the Global Commission for Drug Policy. Just as prohibition of alcohol failed in the United States in the 1920s, the war on drugs has failed globally. Over the past 50 years, more than $1 trillion has been spent fighting this battle, and all we have to show for it is increased drug use, overflowing jails, billions of pounds and dollars of .. MOREVIDEO: State of the Union 2012
CATO Institute scholars respond to President Obama's State of the Union.
Binyamin Appelbaum: Fed Sees Rates Staying Near Zero
Bernanke favors keeping lid on boiling pressure cooker. The Federal Reserve said on Wednesday that it intended to hold short-term interest rates near zero “at least through late 2014,” extending its most basic and longest-running response to the financial crisis by at least another 18 months. The decision means that the Fed does not expect the ... MORE
John Stossel: The Real State Of The Union
Chicken soup for the realist. Has Barack Obama learned nothing in three years? During his State of the Union address, he promised "a blueprint for an economy." But economies are crushed by blueprints. An economy is really nothing more than people participating in an unfathomably complex spontaneous network of exchanges aimed at improving their ... MOREJacob Sullum: How GPS Tracking Threatens Privacy
The Fourth Amendment implications of new technologies. "If you win this case," Supreme Court Justice Stephen Breyer told Deputy Solicitor General Michael Dreeben during oral argument in U.S. v. Jones last fall, "there is nothing to prevent the police or the government from monitoring 24 hours a day the public movement of every citizen ... MOREVIDEO: John Stossel - Ron Paul And Rational Defense
Ron Paul's defense strategy is challenged by Col. David Hunt.
A Barton Hinkle: Do We Need A Law To Make People Think?
The picture painted of some legislators is grotesque. “I think people should make informed choices, and I think this bill would accomplish that.” So said Del. Mark Cole the other day about his bill to force anyone seeking a firearm or concealed-carry permit in Virginia to look at autopsy pictures of shooting victims. Autopsy pictures of gunshot wounds ... MORE
Jon Entine: Killing Drilling With Farcical "Science"
Recognize this as a debate between science and ideology. The academic face of the anti-fracking movement — Cornell marine ecologist Robert Howarth — increasingly looks like he’s willing to turn science into farce. Last spring, the once-obscure professor became the go-to expert for anti-fracking journalists and lawmakers when he published a report ... MOREWalter Russell Mead: The Once And Future Liberalism
Beyond the dysfunctional ideals of liberalism. Writing about the onset of the Great Depression, John Kenneth Galbraith famously said that the end had come but was not yet in sight. The past was crumbling under their feet, but people could not imagine how the future would play out. Their social imagination had hit a wall. The same thing is happening today ... MORECharles Kadlec: Gingrich And The Gold Standard
Did you know Newt wants to get back to sound money? The biggest under-reported story of the South Carolina primary is winner Newt Gingrich’s campaign promise to convene a gold commission to “look at the whole concept of how do we get back to hard money.” The only job of the Fed should be to “maintain the stability of the dollar because we want a ... MORE
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