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 ... MORERobert 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 ... MORELet 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 ... MOREDavid 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
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