by David R. Henderson
Few of us relish paying for health care, but when we do, amazing things happen: Strangers listen to us and try to give us what we want. Theres a simple economic rule that what we pay for, we control. Insurers, hospitals, doctors, nurses, and drug companies listen to us when their livelihood depends on it. ... [click for more]
by Sheldon Richman
It may be possible to look into Americas future. How? Watch whats going on in Greece. According to the Washington Post, Greece needs to raise about 23billion in April and May to pay debts coming due. Greek officials say that either is impossible, or would require punitive interest rates making it harder to bring the budget ... [click for more]
by Jacob G. Hornberger
Part 1 | Part 2
When it comes to economic policy, liberals suffer from two major weaknesses.
One, they believe that all that matters with respect to policy are good intentions. As long as liberals mean well, they think that the policies they implement, especially with respect to the poor, are justified.
Two, they have a woeful lack of understanding of ... [click for more]
by Edmund Contoski
Through the company where I worked more than 35 years ago, I had an opportunity to meet an unusual man. I had not seen him since, but his recent obituary caught my eye. His name was Wayne Field, a name I’m sure few, if any, of you will recognize.
In his 87 years he accomplished a great deal. He founded ... [click for more]
by Jim Powell
How likely is it that a big government-spending program — Obama’s or anybody else’s — won’t be manipulated by politicians pursuing their special interests?
In two of his recent New York Times columns, Nobel Prize-winning economist Paul Krugman claimed that Franklin Roosevelt’s New Deal was free from corruption. Consequently, he thought it was likely that Obama, too, can have an ... [click for more]
by Scott McPherson
You think you’ve private lives
Think nothing of the kind
There is no true escape
I’m watching all the time
I’m made of metal
My circuits gleam
I am perpetual
I keep the country clean...
— Judas Priest, “Electric Eye”
England’s Daily Express reported on August 4 that “thousands of the worst families in England are to be put in ‘sin bins’ in ... [click for more]
by David Dorn
As I was standing in a long line at the Post Office in Scottsdale, Arizona, at about 4:30 p.m., I said just loud enough for those around me to hear, “If you like this, wait until National Health Insurance.” There were some chuckles.
But what I was really thinking about in ... [click for more]
by George Leef
Stealing from Each Other: How the Welfare State Robs Americans of Money and Spirit
by Edgar K. Browning (Praeger, 2008); 226 pages.
In the Sherlock Holmes story “Silver Blaze,” the key to Holmes’s solution of the case rested on something that didn’t happen — the dog that didn’t bark in ... [click for more]
by Jim Powell
We have had more than seven decades of experience with entitlement programs, since Franklin Delano Roosevelt introduced the first big one in 1935. Now Barack Obama is pushing another big entitlement program — government-run health care. We don’t need to rely on his promises, since we can reflect on our ... [click for more]
by Jim Powell
FDR established the Securities & Exchange Commission to protect people in securities markets. Yet there already were plenty of laws against theft and fraud, crimes that are seldom exposed by government regulators.
Consider the succession of big Wall Street scandals since the late 1990s. It’s hard to find a single case ... [click for more]
by Ralph R. Reiland
The appeal of socialism, wrote Nobel-winning economist F. A. Hayek, “depends on the instinctual appeal of promised consequences.”
The problem, argued Hayek, is that “socialism cannot possibly do what it promises.”
Socialism fails, unavoidably, because it is based on the flawed concept, the “fatal conceit,” that one man or one group, ... [click for more]