Author Archive | Richard M Salsman

Yesterday’s allegedly “surprising” election of Republican populist Scott Brown to the Massachusetts Senate seat occupied by the late Ted Kennedy since 1962 — a win which removes the 60-seat, filibuster-proof “super-majority” for Democrats in the U.S. Senate — seems to worry the illiberal-regressive Democrats who’ve control Washington since 2006, while it heartens the religious-conservative Republicans [...]

Dear White House: You wrote the following, at this web-site: http://www.whitehouse.gov/blog/Facts-Are-Stubborn-Things/ “There is a lot of disinformation about health insurance reform out there, spanning from control of personal finances to end of life care.  These rumors often travel just below the surface via chain emails or through casual conversation.  Since we can’t keep track of [...]

Government intervention is once again wreaking havoc on the U.S. financial system and the economic security of millions of Americans–a tragic replay of previous crises. In 2008

The political left-wing in America and most Democrats are hopeful, even gleeful, that “Obamanomics” might “vanquish” Reaganomics,[1] that tax-hiking, pork-dispensing schemes aimed at boosting consumption and government (a la John Maynard Keynes)[2] will displace tax-cutting, supply-side policies devoted to boosting production and profitable entrepreneurship (a la Jean-Baptiste Say). In the process, Obama’s allies are unfazed [...]

Near the end of nearly every bear market and banking crisis in modern times typically comes what might be called the “scapegoat phase” — a grueling, seemingly endless, multi-month period of further bearishness due not so much to worsening, underlying fundamentals, but to business-bashing, populism, demagoguery, Congressional show trials, and legislative-regulatory uncertainty. In this rather [...]

Alan Greenspan was Federal Reserve chairman for 18

The U.S. Supreme Court last week ruled that it’s perfectly legitimate for a local government to seize private property, pay a below-market price and hand it over to another private citizen or company that claims it can do more with the property — i.e., better develop it and pay more taxes to the local government.[1] [...]

An explosion last week at a British Petroleum (BP) oil and gas refinery in Texas killed fifteen workers and injured seventy others, five critically. As usual, myopic media accounts blamed BP and its allegedly unsafe work conditions

Economists are beginning to panic about the recent run-up in the oil price (+36%, year to-date, to $44.4/barrel) and its likely future impact on stock prices, profits and output in the U.S. But there’s no reason to panic. A fast-rising oil price is no necessary impediment to forthcoming growth. Other negative factors are required. In [...]

The government’s persecution of Microsoft continues unabated. The U.S. appeals court is now considering whether the Bush administration and 19 states negotiated an adequate settlement in their antitrust case against Microsoft. It’s time for the American public to stand up and defend–morally defend–the right of this company to its success and profits. Imagine a company [...]