Stimulus Wears Off

The artificially engineered U.S. recovery is already starting to falter as a continuous procession of disappointing data continues to confirm the sad truth. Recent numbers on GDP, durable goods, housing, regional manufacturing, initial unemployment claims and leading...

Liberty in Search of a Nation

Liberty is a beautiful thing. But it’s a tool. It’s not an end in itself that can be imposed on a people unworthy of it, or who do not want it. Advocates of liberty must be careful not to confuse cause and effect. Liberty is, in fact, the effect —...

Books: I Am John Galt

?This newly released book is by Donald Luskin and Andrew Greta. Mr. Luskin is Chief Investment Officer of an investment strategy company, TrendMacro. He’s also well known as an author and a commentator on CNBC. He has recently had several op-eds published in the...

Mr. Universe Proves Himself Ordinary

People wonder how and why high-profile politicians like Arnold Schwarzenegger use such bad judgment in their personal lives. “They have so much to lose; why do they risk it?” To me, it’s obvious why men such as Schwarzenegger, or any career...

Eating Up the Usufruct of the Lands

After Standard & Poors (S&P) lowered the credit rating of the federal government, an Obama administration official said, “This is a facts-be-damned decision.” So what are the facts? The facts are: The federal government had “revenues” of $2.16 trillion in 2010...

Training Wheels Off, Crash Helmets On

Based on many pronouncements by economic policy makers, reams of articles by the top financial journalists and near continuous discussion on the financial news channels, it appears that the quantitative easing juggernaut that has steamed the high seas of...