Watching the movie Lincoln, I thought there were some similarities between President Abraham Lincoln and President Barack Obama. Both men were popular during their times. During the film, Mary Todd Lincoln pleads with her husband not to squander his popularity with the American people by forcing Congress to pass the 13th amendment ending slavery as the Civil War was already coming to an end.
How would you say the U.S. compares to other nations? No need to guess. We can pinpoint it exactly by using an annual guide known as the Index of Economic Freedom. Top three, you think? Top five? Nope. Last year at this time came the news that the United States had dropped to 10th place.
There was a moment last week when our first amendment rights were trampled on, when individuals who didn’t want to let us speak physically tried to make us stop. In videos that have made the rounds on YouTube, pro union protestors vandalized our property, tore down our Americans for Prosperity tent endangering the safety of some of our members inside, and sought to intimidate us to leave.
Now, suddenly, the Tea Party is everybody’s whipping boy. Liberals, in the wake of the election, gloat about what they see as liberalism’s return to the mainstream and good riddance to the end of the Republican “extremists.”
We wish each other "peace on earth." Wishing is not enough. We must act on this wish by promoting capitalism on earth.
In the two-hundred weekly polls that Rasmussen Reports has conducted over the past four years, 65 percent of Americans have said that the country is moving in the wrong direction. Not once in four years has a majority of Americans said that the country was moving in the right direction. Both parties are responsible for driving us to the edge of the fiscal cliff and Americans are now realizing that neither party knows what to do to fix our problems.
Capitalism favors the rich. Socialism helps the poor. These are core beliefs of almost everybody on the left, including our president. Ah, but it turns out that this worldview is completely wrong.
Baseball player Yogi Berra once said “you can see a lot just by looking.”
It’s an understatement to say that the United States is heading in the wrong direction. We’re still considerably ahead of interventionist welfare states such as France and Italy, though I’m afraid to think about what the U.S. score will be five years from now.
When Paul Ryan delivered this year's proposed Republican budget, the political response was predictable and divided.
Chances are, you’ve heard economics referred to as “the dismal science.” That unflattering description is glib and catchy; it is also 100 percent wrong.
So now we’ve seen Gingrich’s debating prowess and Romney’s tax returns, Santorum’s sweaters and Ron Paul’s scowl. We’ve heard the State of the Union according to Obama and the State of the State according to governors across the land. But how much does that really tell us about the shape America is in?
Americans like “freedom.” The very word conjures up powerful images: The Spirit of 1776, the allied victory in World War II, or the West’s victory in the Cold War that spread freedom beyond the Berlin Wall. But freedom isn’t always and everywhere on the march.
Economic freedom is often conflated with “business interests.” In reality, economic freedom is about promoting the individual’s interest. The Indiana State Legislature has great opportunity this year to advance economic freedom for our state’s individual workers.
The root of economic freedom is the recognition of the right to own private property. That includes the right to utilize it unmolested, to dispose of it without anyone's permission and to exclude anyone from it, even the government. Suffice it to say, no American president since the advent of the income tax and the Federal Reserve 100 years ago has fully accepted or meaningfully defended that right.
The worst news is that America’s decline is not just a one-year phenomenon. The chart shows how the U.S. has dropped from being a “free” nation to being a “mostly free” nation over a four-year period.
Netflix recently announced it had lost 800,000 subscribers in the third quarter of this year. No surprise there, really. The company effectively tried to double what it charged consumers, and many instead headed for the exit.
Economic theory is perfectly acceptable. But in the real world, economic <i>reality</i> is much more important.</