Fox News online reports: “Rep. Darrell Issa, R-Calif., chairman of the House Oversight and Government Reform Committee, said Sunday that the administration’s approval of a loan guarantee for solar power company Solyndra — which went belly up shortly...
POLITICS
Capitalist Solutions: Resolving America's Problems
An excerpt from the Introduction to Andrew Bernstein’s forthcoming book Capitalist Solutions: A Philosophy of American Moral Dilemmas. Reprinted in Capitalism Magazine by permission of the author. To be blunt, the United States faces enormous...
Occupy Wall Street's Values Will Destroy the Middle Class
“The great thing about Occupy Wall Street is that they have brought the focus of the entire country on the middle class majority,” said George Aldro, 62, a member of Local 2325 of the United Auto Workers, as he carried the union’s blue flag over his...
Why the Republican Candidates are Such a Letdown
??You’ve heard the saying, “Actions speak louder than words.” It’s really true. People can talk a good game all they like. It’s under the stress of having to decide, and take action, that their true selves are revealed. America is in a...
Joe Biden and The Tea Party
?For a brief second in time, objective truth emerged from Joe Biden’s lips the other day. He declared that the current faltering economy “belongs to us, not Bush.” Does this make Joe Biden a terrorist? After all, it’s the same thing the Tea...
Wrong medicine for a sick economy
“Middle-class families shouldn’t pay higher taxes than millionaires and billionaires,” repeatedly proclaims President Obama, arguing for his proposed $1.5 trillion tax increase over the next 10 years. “That’s pretty straightforward....
Elizabeth Warren and the Consent of the Government
“There is nobody in this country who got rich on his own. Nobody! You built a factory out there? Good for you! But I want to be clear: You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You...
The Alternative to the Obama Disaster? "Somehow"
Imagine if government “invested” in religion the way it invests in automobiles, banking, medical care and tons of other activities and services. What do you think this would do to religion — and government? The same applies to newspapers and media,...
The Black Hole of Government Waste and Corruption
?”Washington will spend $2.6 million training Chinese prostitutes to drink more responsibly on the job.” So stated an October 2009 report written by Brian M. Riedl, a Grover M. Hermann Fellow in Federal Budgetary Affairs in the Thomas A. Roe Institute for...
Lady Gaga: Please Shut Up and Sing
Music megastar Lady Gaga is — reportedly — going to do her next album for free. Not surprisingly, Lady Gaga is also a known Obama supporter. Just what we need. Another millionaire in favor of socialism. Many of Lady Gaga’s fans are socialists just...
Altruism vs. Google
Incredibly, there’s antitrust action going on against Google. Google, which gives away its expert services! Search engines, led by Google, have revolutionized our lives. I noted this phenomenon back in 2003. It’s only 8 years ago, but it seems like a...
The Central Role of Saving and Capital Goods
As the popular philosophy of the common man sees it, human wealth and welfare are the products of the cooperation of two primordial factors: nature and human labor. All the things that enable man to live and to enjoy life are supplied either by nature or by work or by...
Even Free Speech Troubles Some People
Q. I read with interest your commentary on free speech, published at Capitalism Magazine. I am troubled by the idea of “freedom of ALL speech”. If ideas matter, and they lead to action, then perhaps speech that advocates the violation of fundamental rights...
Uncle Sam Wants You! … To Inform On Your Doctor
There was a bit of an uproar recently when the U.S. Department of Health and Human Services (HHS) announced, then withdrew, a plan to hire your fellow citizens to pose as patients seeking appointments with thousands of medical practices, using a script of false...
The American Jobs Act: An Anti-Jobs Jobs Bill
“Pass this bill now,” President Obama is repeatedly demanding, regarding his new American Jobs Act. There’s nothing new in the legislation, just more government spending, more transfers of money from “the rich” to Obama’s political...
Why U.S. Labor Secretary Hilda Solis Needs To Take a Trip to Texas
On August 31, with job creation grinding to a complete halt, U.S. Labor Secretary Hilda Solis was asked this question: “Why do you think there have been so many jobs created in the last decade in Texas?” She laughed and said, “Come...
The Broken Window
Have you ever witnessed the anger of the good shopkeeper, James B., when his careless son happened to break a square of glass? If you have been present at such a scene, you will most assuredly bear witness to the fact, that every one of the spectators, were there even...
And the Republican Solution is … What, Exactly?
Fox News online reports: “Obama’s latest jobs plan calls for $130 billion in aid to state and local governments, providing either a welcome infusion of cash for those struggling with budget gaps, government layoffs and crumbling roads or merely a temporary...
Is There a Right to Let Others Die?
When Republican presidential candidates who oppose socialized medicine are asked, in essence, “What will you do with a sick person — let him die?” the answer they normally give is, “Of course not. The government requires hospitals to provide...
9/11: Ten Years Later, America is Killing Itself
Today marks the tenth anniversary of the attack on the United States known as 9/11. A decade later, America is not at war with an external enemy as much as it is with itself. We live in a mixed economy, or a mixed social system. This means we are neither a free...
Obama's Speech to Congress
President Obama began his speech to Congress by saying: “The question is whether, in the face of an ongoing national crisis, we can stop the political circus and actually do something to help the economy.” In other words, “You oppose me because you...
The Rational Interest?
“The American nation needs the tonic of a serious moral adventure.“ Ayn Rand once referenced this quote by Herbert Croly from The New Republic in describing the roots of war. Upon first publication, this quote was an endorsement of Wilsonian thinking...
Sick of Democrats and Republicans? Here's a Plan
Q: Dr. Hurd, I know you’re very critical of Obama and Republicans as well. A: The overriding goal is to privatize the economy as quickly and as thoroughly as possible. I would start by cutting spending. (1) Eliminate the Department of Education. This will save...
The Zero Growth Economy
Jobs growth is now, for the first time in American history, zero. Not a single new job was created in the American economy in the last month. Most people are understandably upset. But how upset is Obama? And how upset should people with his ideology really be? Zero...
The Psychology of Forcing Others
What drives a person to be a Big Government statist? Many motives are possible. One of them is to quiet their internal noise. What’s “internal noise”? This refers to the self-talk a person wants to stop. For example, let’s say a person feels...
A Curse on Machines
“A curse on machines! Every year, their increasing power devotes millions of workmen to pauperism, by depriving them of work, and therefore of wages and bread. A curse on machines!” This is the cry which is raised by vulgar prejudice, and echoed in the...
The Glorious Achievement of the Tea Party Movement
It was the first two years of protest. Others had taken the initiative to start a Tea Party. We joined them and supported their efforts with our time, our work, our ideas and dollars. We helped to organize events and rallies, make signs, distribute thousands of...
Leave Us Alone Mr. Obama
No, President Obama, I don’t ask the government to make my life easier. I just want government to stop making it harder. After enduring a week of terrible news, we were blessed today with yet another speech by our President. And the only way to endure that is,...
What Is Money?
“Hateful money! Hateful money!” cried F——, the economist, despairingly, as he came from the Committee of Finance, where a project of paper money had just been discussed. “What’s the matter?” I said. “What is the meaning...
Obama's Key To Winning The Next Election: Freebies Over Freedom
The economy is in the tank, and it will keep tanking. Republicans are unable to do anything about it, and Obama is unwilling because his ideology of socialism comes first. Still, he’s favored to win in 2012. Why is this? Is it because the Republican candidates...
Obama’s Jobs Program
President Obama’s constant refrain about the government’s unprecedented levels of red ink points to “millionaires and billionaires” as the problem, not the massive amounts of waste, fraud and inefficiency in government operations. Remember when a million per mile...
Whose American Dream?
Maybe some of you have read an August 19, 2011 e-mail from Levana Layendecker, Communications Director of Democracy for America, with the subject “Join the movement.” The opening sentence reads: “Democracy for America relies on you and the...
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