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Ends and Means

The more we depend on the government to make market decisions, the more we replace  individual choice with political power. This requires more reliance on lobbyists to protect individual and special interests. A market based economy is more tolerant of individual...

The Triumph of Hope over Experience

Michael Tanner writes in the National Review Online, Contested Ground, Not Common Ground. (1/26/11) Excerpts: In calling for more government action, the president’s attitude reminds one of Samuel Johnson’s description of second marriages: the triumph of hope over...

Wasting a Crisis

In the Wall Street Journal, Culprits From Beltway Casting- The financial inquiry commission lets a crisis go to waste, (subscription required), takes exception to the partisan conclusion of the commission.    The Financial Crisis Inquiry Commission reached a...

Political Greed and Crony Capitalism

Ever since Michael Douglas’s character Gordon Gekko in the movie Wall Street declared “Greed is Good” capitalism has been cast in a sinister role that it has yet to overcome. The movie speech was rumored to be taken from a speech given by Ivan Boesky at a college...

Where True Growth Originates

Economist Scott Grannis writes in his excellent blog, The Calafia Beach Pundit, Coach Obama still doesn’t understand the game. Excerpts: If he learned anything in the past two years, it was that the public doesn’t like the concept of stimulus spending, and...