Granny and the Anti-Capitalist Cliff

U.S. Rep. Paul Ryan, caricatured in political ads last year and again this month as pushing Granny off the cliff of Medicare, is now the running mate of the maker of RomneyCare, who is running against the maker of ObamaCare. With the consequent renewed debate over...

Socialism and the Meaning of Investment by Government

Government makes ‘investments’ in us that we can’t refuse. Many, including me, have identified the socialist premises in President Obama’s remarks on July 13 in Roanoke, VA. But are Obama’s actual policies as socialist as his socialist rhetoric? The answer is yes, but...

Read Atlas Shrugged by Ayn Rand

I do not recommend the movie based—unfaithfully, in my judgment—on Atlas Shrugged (Rand 1957) that is opening this weekend. (See my analysis of one scene from the movie and novel.) Instead, I urge every thoughtful individual to read the novel, again and...

The Philosophical Absurdity Underlying Stimulus Spending

When the financial crisis hit the U.S. in late 2008, individuals realized that their savings—especially their stocks and their homes—were not as valuable as these individuals had thought. These individuals then acted rationally: they cut back on spending....

Fettered Markets

In his remarks on Wall Street Reform Thursday, April 22, 2010 at Cooper Union in New York City, President Obama said this: I’m going to quote: “Through the great banking houses of Manhattan last week ran wild-eyed alarm. Big bankers stared at one another...

BP Oil Spill: Private Property is the Solution

For this article, let me be brief about the following facts, which are oil and water under the bridge. BP’s off-shore oil leases, like all off-shore oil leases, are leases to use federal property. (Hat tip to this article in The Freeman.) The land and water are...

Obama at the London G20 Summit

  In his news conference following the London G20 Summit on April 2, Obama said this: In terms of local politics, look, I’m the President of the United States. I’m not the President of China, I’m not the President of Japan, I’m not the...

AIG is Left Holding the Government’s Bag

On March 16, Obama said this about AIG:  I do want to comment on the news about executive bonuses at AIG. … This is a corporation that finds itself in financial distress due to recklessness and greed. Under these circumstances, it’s hard to understand how...