Suppose that there was a button in front of you that if you pushed it would, in one instant, abolish all the governmental controls and regulations on the U.S. economy. Would you push that button, and transform America into a society of free men associating with each other on the basis of voluntary exchange, with government limited to protection of life, liberty and honestly acquired property?
What is far and away the most important global trade commodity? Food. People have to eat. Before the world’s peoples can afford to purchase from us an iPhone, or a Ford pickup truck – they have to buy (hopefully our) food.
For those concerned about the U. S. government going in debt $1.5 billion every day, rejoice. Here is a chief example–EPA Administrator Gina McCarthy will be in Atlanta October 26 to address the National Congress of American Indians. (The News Announcement follows this article.) No doubt she will be giving out large amounts of ‘wampum’ to keep tribal support for EPA regulations that inhibit economic growth of the United States.
The ongoing struggle between parents and the Missouri government over the state’s school transfer law is another example of politics and bureaucracy winning out over parents, children, and their futures.
“Government is the great fiction through which everyone endeavors to live at the expense of everyone else,” wrote the celebrated French legislator, economist, and political theorist Frederic Bastiat 165 years ago. With recent reports out of the Census Bureau indicating nearly half of all Americans are receiving some form of direct government subsidy – Social Security, Medicare, Medicaid, food stamps, unemployment benefits, housing assistance, veterans’ benefits, etc. – can there be any doubt he was right?
In 2011, numerous local-government special-interest groups and elected officials fought against Gov. John Kasich’s proposed reduction to the Local Government Fund, a pool of taxpayers’ money collected by the state government and redistributed to local governments’ general revenue funds.
One man has died of Ebola in the U.S. and he came here from Liberia. Two of the nurses that tended him are in intensive care and likely to survive. A third was thought to be infected, but wasn’t. That news has been sufficient to keep most Americans calm as the media has done its best to exploit Ebola-related news.
In Scott Cleland’s recent piece titled, “Silicon Valley’s Biggest Internet Mistake,” he makes an important, too little addressed point: Were the FCC to classify Internet service as a “telecommunications” service under Title II of the Communications Act, this drastic step likely would have significant adverse international ramifications.
Eighty years ago, in the autumn of 1934, there appeared in English one of the most important books on money and inflation penned in the twentieth century, The Theory of Money and Creditby the Austrian economist, Ludwig von Mises. Even eight decades later, it still offers the clearest analysis and understanding of booms and busts, inflations and depressions.
Simagespeaking at the recent National Association of Telecommunications Officers and Advisors annual meeting, Federal Communications Chairman Thomas Wheeler endorsed Lafayette, La.’s municipal fiber optic system—or more specifically, he endorsed the idea of the Lafayette Utilities System’s effort to bring competition to that southern Louisiana city of some 121,000.
Efforts are underway by the Taiwan government for a government led restructuring to avoid bankruptcy (Plan to stop Taiwan’s high-speed rail going bust set for review). Since opening in 2007, this privately financed and operated system has been plagued with ridership well below projections. The Taiwan experience is consistent with the research showing that ridership on high-speed rail lines has been frequently over-projected.
American companies that reincorporate abroad are not doing so to avoid paying taxes on U.S. earnings, despite the often misleading impressions left by the rantings of Senators Carl Levin, Dick Durbin, Elizabeth Warren, and others to the contrary. They are doing it to avoid paying U.S. taxes on earnings in other countries.
Conservatives and Libertarians inherently have little faith or trust in government. We know the institution is inherently flawed – and self-serving. Government violates the Wallet Rule. Which is: You go out on a Friday night with your wallet. You go out the following Friday night with my wallet. On which night are you going to have more fun?
Recently two towns, Chattanooga, Tennessee, and the City of Wilson, North Carolina, have petitioned the federal government, via the FCC, complaining that state laws are constraining them from the municipal provision of broadband services, that is, from building a government owned network (GON). That is, these municipalities want to expend resources to build and operate broadband systems, without following any of regulations that govern private sector providers. To overcome the state’s rightful authority the city governments have proposed that the FCC preempt state law and empower municipalities in ways that upset the political structure of the U.S.
Earlier this year, the Obama administration asked ICANN (Internet Corporation for Assigned Names and Numbers) to create a means of overseeing the Internet after U.S. governance is scheduled to end in another year. The administration decided not to maintain the current U.S. minimum-oversight role.