Obama’s Roadmap For Economic Destruction

This Bloomberg article is like a roadmap for destroying an economy. France under François Hollande is the Progressive’s ideal state where the “rich” pay for the poor’s welfare benefits. One could say it is the same roadmap that Obama’s Progressive agenda is following. It is one that fails to understand how economies work. The result [...]

EmailPrintFriendlyShare

Big Brother In France

Power Hogs Targeted by France in Big Brother Legislation

Heating a French home could soon require an income tax consultation or even a visit to the doctor under legislation to force conservation in the nation’s $46 billion household energy market.

A bill adopted by the lower house this month would set prices that homes pay [...]

EmailPrintFriendlyShare

India’s Socialist Mortmain

[Kameswara Rao, head of the power and utilities practice at PricewaterhouseCoopers India,] said Indian policy makers didn’t anticipate how quickly electricity demand would rise in the past few years as economic growth has expanded the ranks of the middle class and created more consumers of power-hungry modern appliances like air-conditioners. He said state transmission utilities [...]

EmailPrintFriendlyShare

Portugal: Capitulation Of Hope

[Portugal has been the "sick man" Europe for many, many years. After the overthrow of the corrupt military dictatorship in 1974, the country has suffered through a succession of mostly socialist leaders, with strong elements of Marxist parties and Marxist unions. It's a quaint, slow place where now it is mired in debt, [...]

EmailPrintFriendlyShare

Argentina, Redux

I get the feeling that Argentina is stuck in some kind of time loop like in “Groundhog Day” where every ten years you wake up and read the same old stories about their economy. You know, they vote in some socialist-populist, he/she spends too much money, they increase taxes, they print money, inflation takes off, [...]

EmailPrintFriendlyShare

Why Aren’t You A One Percenter?

This graphic (see below), “The 1% vs. The Average American” is a bid of a screed but it is interesting for two reasons. One is that its facts are interesting regardless of your take on the subject. The other is that its purpose is to demonstrate wealth inequality. There are a lot of ways to [...]

EmailPrintFriendlyShare

Obama And The Commanding Heights

We gather tonight knowing that this generation of heroes has made the United States safer and more respected around the world.  (Applause.)  For the first time in nine years, there are no Americans fighting in Iraq.  (Applause.)  For the first time in two decades, Osama bin Laden is not a threat to this country.  [...]

EmailPrintFriendlyShare

The Osawatomie Speech: A Defining Moment In History

COMMENTARY

I am not a fan of Barack Obama, but I have not criticized him as harshly as many other writers do. I have a different view of him. I see him as a rather run of the mill Progressive/Liberal who firmly believes his ideology and acts somewhat consistently on those ideas. Rather than pillory [...]

EmailPrintFriendlyShare

A Country Whose Name Begins With “United” Actually Intends to Fund a Social Program With New Taxes

If you thought that politics was always so dysfunctional that unfunded government spending is just the way it now is, comes news from the U.K.’s Telegraph in an article titled “Nick Clegg indicates tax rise to pay for 1 billion pound youth unemployment scheme.”  A 1 billion pound plan to tackle high youth unemployment will apparently [...]

EmailPrintFriendlyShare

The Real First Thanksgiving

This article originally appeared in 1985 in The Free Market and is from the Mises Institute.

The Great Thanksgiving Hoax

by Richard J. Maybury

Each year at this time school children all over America are taught the official Thanksgiving story, and newspapers, radio, TV, and magazines devote vast amounts of time and space [...]

EmailPrintFriendlyShare

India’s “Democratic Capitalism”

I think I’ve figured out why India has problems and why economic growth is stagnating. I’ve been getting material from the World Economic Forum which is a kind of leftist kumbayah think tank that sponsors a lot of forums dealing with emerging economies. Their latest forum is on India, India Economic Summit 2011. 

Here are some [...]

EmailPrintFriendlyShare