It is usual to provide an incoming President with a hundred days following the inauguration. This common courtesy permits the electorate to see and feel first-hand the substance of the chief executive’s leadership potential. Unfortunately, the country does not appear to have that luxury of time.
President Barack Obama is obviously cognizant . . . → Read More: New Executive Order: National Emergency to Stabilize U.S. Financial Crisis
A new type of stimulus would increase the demand most effectively . . . → Read More: Maximizing The Stimulus
In January 2000, President Bush signed the No Child Left Behind (NCLB) Act with great fanfare. The Act had noble intentions and was sold on the guarantee that there would be no student left behind and the strong arm of the government would ensure that the poor would have the same as the rich.
. . . → Read More: Why lack of funding failed NCLB
In a settlement with New York State Attorney General Andrew Cuomo and the North American Securities Administrators Association (NASAA), Credit Suisse agreed to buy back nearly half a billion dollars of individual investors’ securities purchases and a $15 million fine. Credit Suisse is Switzerland’s second largest bank. (www.swissinfo.ch)
The settlement . . . → Read More: U.S. “Main Street” Investors Made Whole On Mortgage Losses
Last week, I produced a list of the Top 10 Worst Presidents (from a free-market perspective), #s 6-10. Starting with #6, they were Richard Nixon, George Washington, George W. Bush, Ronald Reagan, and Theodore Roosevelt. Now here are the “top” 5:
5. Lyndon Johnson : In addition to the pointless death and destruction of . . . → Read More: The 10 Worst Presidents (from a free-market perspective): Part 2
Fallacies keep getting resurrected after repeatedly being proven wrong. People attach themselves to fallacies because the often relieve them of taking responsibility for their own lives. . . . → Read More: People Need Someone To Blame
The Fed clearly is not letting up on its battle against “deflation”, we continually witness the call for further monies to be spent, with congress approving of it. If you are a Keynesian economist this is the right thing to do. Many Keynesians believe the Japanese economic collapse in the early 90s could . . . → Read More: Does Inflation Really Mean Recovery?
Now that the 2008 election is history, and George W. Bush’s presidential tenure has come to an end, historians will begin to evaluate where Bush-43 ranks among the best and worst chief executives in America’s history. My prediction: Ultimately, they’ll rank him highly. That’s because, if you look at traditional presidential rankings, the presidents . . . → Read More: The 10 Worst Presidents (from a free-market perspective): Part 1
Abortion is a hot-button issue. To people of the pro-life side of the debate, abortion is nothing less than the legally condoned murder of innocent babies. To people on the pro-choice side, the opponents of abortion want to enslave women by claiming literal ownership of their bodies. There are people in the middle of . . . → Read More: The Economics of Abortion
Instead of treating the economy for heart attack, it should be treated for over-stimulation syndrome. . . . → Read More: Dr. Bernanke’s Bad Bank