Pilgrims learned all about the "tragedy of the commons." Had today's political class been in power in 1623, tomorrow's holiday would have been called "Starvation Day" instead of Thanksgiving. Of course, most of us wouldn't be alive to celebrate it. Every year around this time, schoolchildren are taught about that wonderful day when Pilgrims and Native ... MOREJohn Stossel: The Lost Lesson Of Thanksgiving
Pilgrims learned all about the "tragedy of the commons." Had today's political class been in power in 1623, tomorrow's holiday would have been called "Starvation Day" instead of Thanksgiving. Of course, most of us wouldn't be alive to celebrate it. Every year around this time, schoolchildren are taught about that wonderful day when Pilgrims and Native ... MOREWSJ Editorial: Obama Makes Carter Look Good
Carter didn't substitute his priorities for the nation's. The good news is that growing economies can afford a great deal of government, if not quite as much as the Europeans and the U.S. have promised themselves. The bad news is that "policy error" are the saddest words in the language. These words, starting in the 1960s, came to dominate serious post mortems ... MOREDaniel Griswold: How Capitalism Saved The Pilgrims
Sometimes, father knows best. When I was growing up, my father would occasionally tell me the story around this time of year of how private property rights saved the Pilgrims from starvation. When the Pilgrims first arrived in 1620, as my father told the story, they tried to live communally according to the spirit of the Mayflower Compact. What crops they grew were put ... MORECharles Kadlec: Social Justice, Greed And OWS
Why more liberty, less government is the answer. “It seems to be almost a law of human nature that it is easier for people to agree on a negative program – on the hatred of an enemy, on the envy of those better off – than on any positive task.” Friedrich Hayek, The Road to Serfdom Occupy Wall Street (OWS) has provided a rare up-close and personal look at a social ... MOREVIDEO: John Stossel - The Money Hole
America is going broke! John exposes the serial spending and pork laden programs.
WSJ Editorial: Thank You, Grover Norquist
That Americans pay too little tax is not the problem. So it's all Grover Norquist's fault. Democrats and the media are singing in unison that the reason Congress's antideficit super committee has failed is because of the conservative activist's magical antitax spell over Republicans. Not to enhance this Beltway fable, but thank you, Mr. Norquist. By reminding ... MOREDoug Bandow: Time To Gut, Not Cut, The Federal Gov't
The solution is simple, just not easy. Washington’s vaunted debt reduction supercommittee has failed. The dozen members were unable to agree on a package of deficit reduction measures which would only have slowed the fast rising tide of federal red ink. It will probably take the Second Coming before legislators voluntarily halt the wild taxpayer-paid party on the ... MOREThomas Sowell: Alice In Liberal Land
Avoiding reality has its appeal. "Alice in Wonderland" was written by a professor who also wrote a book on symbolic logic. So it is not surprising that Alice encountered not only strange behavior in Wonderland, but also strange and illogical reasoning -- of a sort too often found in the real world, and which a logician would be very much aware of. If Alice could visit the world ... MOREWalter E Williams: Should The Rich Be Condemned?
The ignorant see capitalism as only benefiting the rich. Thomas Edison invented the incandescent bulb, the phonograph, the DC motor and other items in everyday use and became wealthy by doing so. Thomas Watson founded IBM and became rich through his company's contribution to the computation revolution. Lloyd Conover, while in the employ of Pfizer ... MOREForbes: America Before The Entitlement State
by Yaron Brook and Don Watkins. Reacting to calls for cuts in entitlement programs, House Democrat Henry Waxman fumed: “The Republicans want us to repeal the twentieth century.” Sound bites don’t get much better than that. After all, the world before the twentieth century–before the New Deal, the New Frontier, the Great Society–was a dark ... MOREREUTERS: Super Committee Is A Super Flop
Debt-reduction efforts will be led by voters in 2012. The failure of a congressional deficit-cutting "super committee" means the tough work of putting the United States' finances on a stable path will likely have to wait until 2013 at the earliest. Barring some unforeseen development, the Republican and Democratic co-chairs of the committee are due to issue a joint ... MOREAP: Ron Paul Is Gaining Traction In Iowa
Liberty candidate is rising in the polls. Texas Rep. Ron Paul is emerging as a significant factor in the Republican presidential race, especially in Iowa. He's been long dismissed by the GOP establishment, but the libertarian-leaning candidate is now turning heads beyond his hard-core followers - and rising in some polls - just weeks before the state holds the leadoff ... MOREReality Check: Coming Financial Crisis By The Numbers
30 reasons for major concern. The United States is drowning in a sea of red ink from coast to coast and most Americans have absolutely no idea what is about to happen. Hopefully you have started to prepare for the coming U.S. financial crisis. If not, hopefully this article will be a wake up call for you. Right now, governments all over Europe are on the verge of ... MORE
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