End Farm Subsidies
According to the Small Business Administration, 50 percent of all new businesses fail within the first five years. There are many reasons why so many businesses fail, such as an insufficient demand for the product or service, an inability to obtain capital, or...The Fallacy of “Living Wage”
The fundamental issue is not wage rates, but productivity.
Chief of Food Police Michael Bloomberg
The food police are here. And their chief of police is New York City Mayor Michael Bloomberg. He’s seeking to ban big sugary drinks in New York City. “Obesity is a nationwide problem, and all over the United States, public health officials are wringing their hands...JP Morgan Loses $2 billion: Why the Government Should Not Intervene
When JP Morgan Chase & Co. announced a two billion dollar loss in its main investment office earlier this month, there were increased calls for the U.S. federal government to regulate trading by big banks and to ban speculative trading. Why should we reject such...An Austere Recovery: The Swift Recovery from the 1920’s U.S. Recession
How “austerity” measures lead the United States’ rapid recovery from the deep recession into which it sank in the last half of 1920.
Economic Reality Bites
Many people became convinced that data releases earlier this year indicated that “recovery” in the U.S. was imminent. But as I have been saying for months, this evidence would ultimately be shown to be as reliable as sightings of Bigfoot. Lots of people...Mysticism is Alive in America
According to a 2009 Harris Poll, when Americans are asked to “Please indicate for each one if you believe in it, or not,” the following results were revealing: 82% believe in God 76% believe in miracles 71% believe in survival of the soul after death 75% believe in...Dr. Orwell Will See You Now
ObamaCare supporters are also selling a version of Orwell’s slogan, “Slavery is freedom,” by claiming that greater government controls over doctors will enhance their freedom to practice.
