On July 29, 1981, barely six months into his presidency and in the face of an economic crisis of historic proportions, Ronald Reagan succeeded in persuading both houses of Congress to pass dramatic tax cuts that set the stage for nearly three decades of vigorous economic growth...
Despite the fundamental distinction between the two, misunderstandings of capitalism and socialism — and their implications for freedom — abound, and usually in favor socialism. In these circumstances, a return to the basics is warranted. The 17th-century writings of John Locke in defense of political and economic freedom and the 19th- century critique by Karl Marx of political and economic freedom represent classics of the genre.
In today's Wall Street Journal, Hoover's Peter Robinson reports on an interview with Gary Becker. . . .
With Architects of Ruin, Peter Schweizer again delivers a knockout punch of a book that is the must read of the season for conservatives and should be a main topic of conversation for conservative media. . . .
Richard Epstein, the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution and a member of the John and Jean De Nault Task Force on Property Rights, Freedom, and Prosperity, notes that to step back from the fiscal cliff, we need to simplify our tax policy.
Thomas Sowell offers examples of why intellectuals are so often wrong about economics. . . .
The Nobel Prize winner says Americans don't want expansion of government. . . .
How well did our leaders handle the financial crisis? . . .
Thomas Sowell details the pitfalls of New Deal thinking...
The President should take a page from Francois Mitterand. . . .
Discussing today's jobs report and what the nation needs to do to get back to work, with CNBC's John Harwood & Steve Liesman; Robert Reich, former Labor Secretary; Stephen Moore, Wall Street Journal editorial board; Victor Davis Hanson, Hoover Institution and Peter Navarro, University of California-Irvine. . . .
In the Age of Discontinuity, published by Harper & Row at the height of the Vietnam War and some 25 years after the end of World War Two, management guru Peter Drucker wrote about managing change when there is a total disconnect between the past as we perceive it and the present evolving into the future. . . .
Everyone seems to need a narrative of good against evil -- even people who don't believe in God or in Satan. . . .
Greece this past weekend saw the worst rioting since the debt crisis began. . . .
How well are our leaders — including Federal Reserve chair Ben Bernanke — managing the aftermath of the financial crisis? . . .
"To see what is in front of one's nose," George Orwell famously asserted, "needs a constant struggle."
Mitt Romney appears to have changed his mind once again about the statewide health care program he enacted as governor of Massachusetts...
Paul Rahe, a professor at Hillsdale College, believes the country is going to hell in a hand basket. . . .
Economics professor Allan Meltzer once said, "Capitalism without failure is like religion without sin."...