These GOP traitors to capitalism have aped the Social Democrat playbook.
POLITICS
A Perfect Storm
Some elections are routine, some are important and some are historic. If Senator John McCain wins this election, it will probably go down in history as routine. But if Senator Barack Obama wins, it is more likely to be historic-- and catastrophic. Once the election is...
The Politics of Health Insurance
There are some noteworthy differences between the health care policies advocated by Senators McCain and Obama. Both candidates, however, share fundamental flaws that make either set of proposals largely undesirable and impossible to implement. Both Obama and McCain...
Obama, Colin Powell and Popularity
Among all the people who are now scrambling to get on the Obama bandwagon, none is likely to impress more people than Colin Powell-- especially people who know no more about the specifics of Colin Powell's actions than the specifics of Barack Obama's. Like Ross Perot,...
Wackonomics
For the U.S. Congress, news media, pundits and much of the American public, a lot of economic phenomena can be explained by what people want, human greed and what seems plausible. I'm going to name this branch of economic "science" wackonomics and apply it to some of...
Taxing Times
Chief Justice John Marshall said it all in one sentence: "The power to tax is the power to destroy." It is not the money that is taxed away that is destroyed. What is destroyed is the wealth that does not get produced in the first place, because high taxes make its...
Obama and the Law
One of the biggest and most long-lasting "change" to expect if Barack Obama becomes President of the United States is in the kinds of federal judges he appoints. These include Supreme Court justices, as well as other federal justices all across the country, all of...
A Nation of Sacrificers: McCain’s Love of What is Not America
One thing that is often implied, if not made explicit, about this election is that John McCain--like George Bush--really loves his country. Of course he makes mistakes in particular areas, the apologists claim, but these are the forgivable errors of a true patriot....
Who Broke Health Care?
Many politicians now tell us that health care in America is "broken."The best initial response to that is to ask yourself whether you think that your own health care is broken. And if it is, do you want to turn your decisions about your own health over to politicians...
Vote “No” on Amendment 48
Colorado voters face a stark moral choice in this election: vote yea or nay on Amendment 48. That ballot measure would grant fertilized eggs the legal standing of persons--including "inalienable rights, equality of justice, and due process of law"--in the state...
Affordable Health Care
One of the campaign themes this election cycle is "affordable" health care. Shouldn't we ask ourselves whether we want the politicians who brought us the "affordable" housing, that created the current financial debacle, to now deliver us affordable health care?...
At Moment of Truth, Where Was Dagny Taggart?
The front page of today's Wall Street Journal carries a story titled "At Moment of Truth, U.S. Forced Big Bankers to Blink." In the quarter-century I've been reading the Journal, I've never read a news story that was more disturbing. The article describes the Monday,...
True Believers in Obama
Telling a friend that the love of his life is a phony and dangerous is not likely to get him to change his mind. But it may cost you a friend. It is much the same story with true believers in Barack Obama. They have made up their minds and not only don't want to be...
The Alleged Absence of Depressions Under Totalitarian Management
Many socialist authors emphasize that the recurrence of economic crises and business depressions is a phenomenon inherent in the capitalist mode of production. On the other hand, they say, a socialist system is safe against this evil. As has already become obvious and...
In Defense of the “Barbarous Relic”: Why The Enemies of Capitalism Smear The Gold Standard
Given the state of affairs created by the U.S. Central Banking system this classic on Free Banking and the Gold Standard by Ludwig von Mises (1881-1973) is all the more relevant today . Excerpted from his book "Human Action: A Treatise on Economics"...
Faith-Based Politics Costs Colorado Republicans
Colorado is known for its Western values of independence and economic liberty. So why do Republicans, the supposed champions of those values, keep getting trounced? Republicans can blame wealthy Democratic donors, but in large part Republicans have beaten themselves...
Political Monopoly Power
The Federalist Papers, written by James Madison, John Jay and Alexander Hamilton, is the document most frequently referred to when trying to get a feel for the original intent of the framers of the Constitution. One such intention is found in Federalist 56 where...
Negative Advertising
One of the oldest phenomena of American elections-- criticism of one's opponent-- has in recent times been stigmatized by much of the media as "negative advertising." Is this because the criticism has gotten more vicious or more personal? You might think so, if you...
Was the Sub-Prime Mortgage Crisis Caused by Lack of Regulations?
Did lack of regulation create the subprime mortgage crisis? I am asked this all the time. The short answer: Of course not. Nowhere close. Not a chance. Here is the long answer. What regulations have we had? The mortgage originator (your local bank or mortgage broker)...
Bill Maher’s Movie Religulous
"Religulous" is a funny, sometimes serious, skeptic's tale of religion. And I mean the true meaning of "skeptic."Bill Maher does a good job of slicing and dicing religion. He travels to the Vatican, Utah, and Israel. Maher identifies the roots of Christian legends...
Lessons From the Bailout
In my more cynical moments, I think that we Americans deserve what we get from our politicians, many of whom can be generally described as nothing less than loathsome. You say, "Williams, that's a pretty heavy putdown." My question to you is how else would you...
The Real Obama on Education
What about those "real issues" that Barack Obama's supporters in the media say we should get back to, whenever some new unsavory fact about his past comes out? Surely education is a real issue, with American school children consistently scoring below those in other...
The Real Obama
Critics of Senator Barack Obama make a strategic mistake when they talk about his "past associations." That just gives his many defenders in the media an opportunity to counter-attack against "guilt by association." We all have associations, whether at the office, in...
Monetary Policy and the Return to Sound Money
Excerpted from Chapter 23, Part IV of Mises classic The Theory of Money and Credit (1912).The people of all countries agree that the present state of monetary affairs is unsatisfactory and that a change is highly desirable. However, ideas about the kind of reform...
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