Tag: United States government
-
The New Deal in Retrospect
Many people refer to incoming president Barack Obama as the next FDR. The myth of Franklin Roosevelt — primarily that he cured the Great Depression through his extreme interventionism — is starting to be exposed. In this review (The Disaster Called the New Deal) of Burton Folsom’s book New Deal or Raw Deal? How FDR’s…
-
Huelskamp announces a run for Congress
Kansas Liberty reports in the post Huelskamp announces a run for Congress: “[Kansas State] Sen. Tim Huelskamp, the veteran Fowler Republican, has announced he’ll pursue a seat in the U.S. Congress for 2010.” I think he’d make a great United States Congressman.
-
Hard to believe, but not everyone in politics wants a free lunch
Writing in the Wall Street Journal (Governors Against State Bailouts), the governors of Texas and South Carolina argue against bailouts: “It is also taking our country in a very dangerous direction — toward a ‘bailout mentality’ where we look to government rather than ourselves for solutions.” Unfortunately, Kansas Governor Kathleen Sebelius doesn’t agree. She’s very…
-
Ron Paul says “The Austrians were right”
Our government is “totally influenced by Keynesian economics.”
-
New Deal Shouldn’t Be Our Template for Recovery
Can huge government spending programs rescue our economy? Amity Shlaes doesn’t think so: The New Deal is Mr. Obama’s context for the giant infrastructure plan his new team is developing. If he proposes FDR-style recovery programs, then it is useful to establish whether those original programs actually brought recovery. The answer is, they didn’t. New…
-
Pat Buchanan Tallies the Total
The news from Washington over the past few months — $25 billion here, $700 billion there — is hard to keep track of. The amounts themselves are huge, but when added together, the sum is beyond comprehension. Pat Buchanan, in his column Socialist Republic, adds it up: Thus, we have the $700 billion Bush bank…
-
New York Times: 10 Weeks of Financial Turmoil
The New York Times has a nicely-done interactive timeline of the events since September 7, 2008, when the government took over Fannie Mae and Freddie Mac. It holds video and links to news stories. It’s more than a little unsettling to replay these events. Click here to see the bad news.
-
Toward a Free America
As our country works its way through a period of turmoil, we must remember that there is another way than what those on the left and right propose. That way, the way of liberty, is the subject of For A New Liberty: The Libertarian Manifesto, by Murray N. Rothbard. (The book is available to read…
-
The danger of auto industry nationalization
In consideration for a bailout, Congress and the incoming Obama administration insist that the auto industry present a plan for survival of their companies. That sounds reasonable — until you consider that the auto companies must already be operating on a plan, and that plan isn’t working. How can they be expected to come up…
-
News Media Coverage of Presidential Campaign
ARRA News Service reports on a Zogby poll and links to a video that illustrate the poor job the national news media did covering the recent presidential campaign. The video is interesting although a little repetitive. The poll results are something else, though. Zogby found that 86.9% thought that Sarah Palin said that she could…
-
End Taxpayer-Funded Competition Between the States
A Wichita Eagle story (Development speaker touts power of cash) reports on an economic incentive expert’s evaluation of our state’s effort. (It’s revealing to learn that an accounting firm has someone with the title “regional leader of credits and incentives,” whose duty, evidently, it is to help companies figure out which state’s incentives are most…
-
What Part of Involuntary Servitude Don’t You Understand?
Community service: involuntary servitude dressed in polite language. Change … Obama Announces Creation Of His Marxist Youth Corps. See also Emanuel Discusses Compulsory Civilian Youth Force.