Every now and then, something unforeseen and special happens—something that logic or reason would tell you is either impossible or that the odds against it happening are overwhelming. And yet those things occasionally happen and fill us with wonderment.
In economics, the first lesson I teach my pupils is the lesson of things that are seen and things that are not seen. Actions produce some effects that are readily apparent and others that are not.
If there is one truth that became apparent during the financial panic five years ago, it is that Big Government and Big Finance are inseparable.
Sunday, April 28, marks the 255th anniversary of President James Monroe’s birth in 1758.
Republicans are flailing about these days, trying to rebrand themselves before the next election cycle. A certain amount of introspection and internecine debate is inevitable after suffering a stinging loss against an opponent with a dismal record.
Last summer, Barack Obama riled a lot of entrepreneurs when he got carried away at a campaign event and told any American who had built up a successful enterprise, “you didn’t build that.”
The Pentagon’s budget occupies center stage in the sequestration drama. Defense spending comprises approximately 18 percent of the 2013 federal budget, but it accounts for 50 percent of federal spending cuts stipulated in the sequestration agreement.
A primary meme of the Democratic Party in 2013 is that the federal government doesn’t have a spending problem. That is what President Obama reportedly said to House Speaker John Boehner (R-Ohio) in their January budget negotiations.
The prospect of four more years of Barack Obama in the White House has caused several conservative voices to opine that President Obama’s second term portends the passing of the Reagan era, the reversal of his pro-growth policies and the attempted burial of Reagan’s credo, “government is the problem.”
I recently indulged in some wistful, year-end nostalgia, but now that 2013 is underway, let’s turn our attention to a time more crucial to our well-being: the future in which we will live.
The gentle spirit of Christmas brings a sense of fresh promise and renewal every year. The remembrances and commemorations of the birth of an innocent baby have a softening effect. Christmas provides a respite, even surcease, from the stresses, bruises, frictions, and pressures of everyday life. Indeed, this annual event reminds us that children are the hope of the world.
As soon as the elections were over, a wave of commentaries extolling the virtues of compromise appeared in the press. The common theme is that it is time for Democrats and Republicans alike to end partisan gridlock—to make compromises that will shrink federal deficits without driving us off “the fiscal cliff.”
I have awakened on November 7 to learn that your bid for the presidency was unsuccessful.
Alex Karras, the former Detroit Lions All-Pro defensive tackle and later a successful actor, died on October 10. I have vivid memories of him before he ever gained immortality as “Mongo” in “Blazing Saddles” or as the stepdad of “Webster.”
According to a recent USA Today/Gallup poll, Americans under the age of 30 favor President Barack Obama over Mitt Romney by almost a two-to-one margin. This is a startling statistic. What explains the lopsided support for President Obama among younger Americans?
In “Eco-Tyranny,” author Brian Sussman sounds a timely and important warning: The radical “greens” are not in retreat. With the defeat of cap-and-trade legislation in 2010 and the increasingly discredited alarmist theory of anthropogenic global warming, the greens may have lowered their public profile; however, with the full cooperation of the Obama administration, they are forging ahead with their illiberal agenda of gaining ever more control over the American economy and people.
What do Dr. Victor Frankenstein and the architects of the euro currency have in common? Answer: They both created monsters.
Theoretically, the elemental political choice in a democratic system is between more government or less—more government control over our lives and livelihood, or less; more government spending and programs than the year before, or less; more government power, or less.
The election of Socialist Party candidate Francois Hollande to the presidency of France epitomizes the sorry state of contemporary democracy. By that, I don’t mean to imply that the French people should have voted for the incumbent, Nicolas Sarkozy. Neither would be capable of solving France’s intractable problems in a way acceptable to French voters, nor are the problems with democracy unique to France.
With Rick Santorum having dropped out of the race, Mitt Romney is apparently the Republican nominee for POTUS, barring a “black swan” event swooping down out of nowhere.
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