Seventy years ago this month, on March 10, 1944, “The Road to Serfdom” by Friedrich A. Hayek was first published in Great Britain. For seven decades it has continued to challenge and influence the political-economic landscape of the world. Hayek delivered an ominous warning that political trends in the Western democracies, including America, were all in the direction of a new form of servitude that threatened the personal and economic liberty of the citizens of these countries.
Fossil fuel use is the lifeblood of developed industrial nations. It has eliminated hunger, poverty, lack of shelter, drudgery, and provided healthier, more comfortable, and longer lifespans. The United States is blessed by having over one hundred years or more supply of inexpensive or moderate cost deposits of each of the fossil fuels–coal, oil, and natural gas. Secretary Kerry, along with President Obama and his supporters, want to eliminate use of the nation’s abundant, reliable, and economical fossil fuels and replace them with renewable energy sources–wind and solar–whose present state of technology make them expensive, unreliable, and impractical to scale up to the size of present fossil fuel capabilities. These policies will substantially lower the standard of living for Americans and condemn developing nations to perpetual poverty.
The only way to permanently rid a society of a ‘gap’ in either wealth or income is by making everybody equally poor. If nobody has any more wealth than anybody else, then nobody can be ‘wealthy.’
The full bill for Obama’s failed economic policies has yet to arrive. But no such explosion of debt has ever escaped a day of reckoning, and no such monetary surge has ever had a happy ending.
Although at first glance Nebraska’s tax system may appear competitive nationally, it lags behind its regional neighbors, who are its primary competitors for attracting new businesses to the state.
The term “Greater New York” was applied, unofficially, to the 1898 consolidation that produced the present city of New York, which brought together the present five boroughs (counties). When consolidated, much of the city of New York was agricultural. As time went on, the term “Greater” came to apply to virtually any large city and its environs, not just New York. By 2010, Greater New York had expanded to somewhere between 19 million and 23 million residents, depending on the definition.
One hundred years ago this month, on December 23, 1913, the Congress passed the Federal Reserve Act, establishing a national central-banking system in the United States. The governing board of the Federal Reserve was organized on August 12, 1914, and the Federal Reserve banks opened for operation on November 16, 1914.
After seeing Michael Lotus — author of America 3.0: Rebooting American Prosperity in the 21st Century — speak at an America’s Future Foundation event, and then hearing him again on the Heartland[...]
Did Janet Yellen,
(1) see any problem in the housing bubble,
(2) anticipate the bursting of the housing bubble; and,
(3) anticipate its implications for the U.S. economy?
The answers are (1) no, (2) no, and (3) no.
Steve Staneck interviews Ben Van Metre, Senior Budget, Tax and Policy Analyst at the Illinois Policy Institute, regarding Illinois’ movement from Flat tax to Progressive income tax. This movement is[...]
Steve Stanek interviews co-author, Machael Lafaive, from the Mackinac Center for Public Policy, regarding his recent study entitled, “Economic Growth and Right to Work Laws”. The study contains an analysis[...]