One of the depressing parts of the New Deal was its willingness to help big labor and big business, a classic case of the seen and the unseen...
It has nothing to do with the bloated budget, the payoffs to political friends like the unions in bailing out Detroit and exempting them from health care taxes, the rising debt, the coddling of Wall Street, the stimulus package that didn’t stimulate, the grandiosity of redesigning the health care system and the energy sector. . . .
These are exciting though scary revolutionary times, akin to the constant acrimony in the fourth-century BC polis, mid-nineteenth century revolutionary Europe, or — perhaps in a geriatric replay — the 1960s. . . .
For an economist, these are the best of times and the worst of times. . . .
To succeed in the war on terror, Philip Bobbitt insists, the West needs an entirely new conceptual framework.
By Peter Robinson.
A recession is a terrible time to make major changes in the economic rules of the game. . . .
If a CEO issued the kind of distorted figures put out by politicians and scientists, he'd wind up in prison. . . .
Debt-to-GDP ratios over 90% have significant impact on the pace of economic growth. . . .
The Nobel economist says the health-care bill will cause serious damage, but that the American people can be trusted to vote for limited government in November. . . .