It's difficult to be a good economist and simultaneously be perceived as compassionate. To be a good economist, one has to deal with reality. To appear compassionate, often one has to avoid unpleasant questions, use "caring" terminology and view reality as optional.
This week, President Barack Obama is taking the fight to "oil speculators" and "market manipulation" (nee "free enterprise"), demanding that traders put up more money for transactions and government ratchet up enforcement and monitoring.
America is a land of class mobility. That's what makes America a magnet destination for people all over the world: Come to America and make something of yourself.
WASHINGTON - President Obama admitted this week that the "Buffett Rule," his plan to raise taxes on wealthier Americans, is "a gimmick."
Now that Election 2012 is shaping up as a contest between President Obama and Mitt Romney, an observation and a prediction.
All-American rocker Bruce Springsteen has taken to the pages of Rolling Stone magazine to lament the existence of income inequality in our country today: “You cannot have a social contract with the enormous income disparity — you’re going to slice the country down the middle. It’s not going to hold.”
The owner of Tommy Gilbert’s Hobby Shop expects summer’s tourist season to be impacted by what he calls an “alarming” rise in gasoline prices.
"If you have 10,000 regulations," Winston Churchill said, "you destroy all respect for law."
Barack Obama often seems annoyed by the limitations of his office these days, especially with a Congress that occasionally disagrees with him.
The food chain is ubiquitous in the South. Its buildings are tiny, while its signs are tall and impossible to miss in bright yellow with black letters.
President Obama may be getting great pleasure from the Republicans' lengthening battle over who can beat him in November. But he faces a much stronger opponent between now and then: a weakened U.S. economy.
Let’s see ... how was it the Fox News Channel anchor phrased it? Oh yeah. Here we go: “Bank of America is going to penalize some of its customers by charging them a fee for their checking accounts.”
Hudson Hinckley, son of Rhode Island U.S. Senate Candidate Barry Hinckley, is only five years old but he's got quite a few messages for RI voters!
Rick Santorum's speech at the Detroit Economic Club stirred a bit of controversy when he said: "I'm not about equality of result when it comes to income inequality. There is income inequality in America. There always has been, and hopefully -- and I do say that -- there always will be."
Want to open a business in America? It isn't easy.
It seems that many of the statists I debate and deal with support punitive taxation for reasons of spite and envy. As such, they don’t really care about the impact on either the economy or tax revenues.
Fresh on the heels of an exclusive report detailing a 7-day Caribbean cruise that National Education Association staffers are currently enjoying, Education Action Group has learned that dozens of teachers unions around the country are running out of money.