Since the economic crisis of 2008-2009, the Federal Reserve – America’s central bank – has expanded the money supply in the banking system by over $4 trillion, and has manipulated key interest rates to keep them so artificially low that when adjusted for price inflation, several of them have been actually negative. We should not be surprised if this is setting the stage for another serious economic crisis down the road.
We live at a time when politicians and bureaucrats only know one public policy: more and bigger government. Yet, there was a time when even those who served in government defended limited and smaller government. One of the greatest of these died one hundred years ago on August 27, 1914, the Austrian economist Eugen von Böhm-Bawerk.
The 2014 US-Africa Leaders Summit hosted by President Obama this past week brought together the largest-ever gathering of African government officials in Washington, DC. They discussed ways to bolster trade and investment by American companies on a continent where a billion people – including 200 million aged 15 to 24 – are becoming wealthier and better educated.
It’s been a month since the billionaire triumvirate of Tom Steyer (pictured), Henry Paulson and Michael Bloomberg introduced their ballyhooed Risky Business report on the climate, and after all the op-eds, blog posts and public interviews so far, all that can be said about it is that it is already an empty, meaningless PR campaign upon which the financial hot shots have wasted their money.
In rural areas, there is often a heated debate over economic development that essentially boils down to a choice between industrial jobs and tourism jobs. Both come with advantages and disadvantages, but to pit these two sectors against each other in an either-or discussion is a false dichotomy. My hometown provides a good example of how industry and tourism can coexist.
This Molly Ball piece on the metric which best determines the outcome of elections makes for a fascinating read: essentially, it demonstrates that when Republicans don’t lose the working class by a wide margin, they do well, and when they lose it by 20 points, they don’t. Throw out all the other measures of race and religion – and Republicans even spot the Democrats the ten points! – and the share of the working class vote determines the outcome:
For most individuals, what is next revealed will be the most shocking aspect of Dr. Duke Peta’s revelations during his presentation titled, “Common Core: Dangers and Threats, as the featured[…]
A debate on immigration policy was held recently in Chicago between a conservative and a libertarian. It was an exercise between light regulation and lighter regulation. Both regimes would enlarge the programs for highly skilled foreigners and temporary workers and tighten the border with Mexico.
Try to imagine a commission of the U.S. government recommending that it get rid of the Department of Education, the Department of Health and Human Services, countless agencies, and, for good measure, restructure Medicare so it doesn’t go broke. There are few Americans who will argue that our federal government isn’t big enough and many who trace our present problems to Big Government.
The release of Climate Change Reconsidered II: Biological Impacts by the Nongovernmental International Panel on Climate Change (NIPCC) has sparked a predictable backlash from the mainstream media and the scientific community. Yet it is a document that cannot be quashed with the usual dose of scorn; it’s far too well-researched for that!
President Obama’s speech yesterday on inequality is being lauded as one of the best of his life, by people who paid attention to it. It’s a sad speech to read, in some sense, since it contains within it the promise of a presidency that we never saw come to fruition – the sort of policy effort that might have been launched to bipartisan success in the first year of his presidency, instead of his effort on Obamacare.
Why the concern over President Obama’s Executive Orders? It is human nature that desensitization will creep in as related to frequency, making felt outrage over each successive mandate seem less intense or serious. The result: executive orders are likely to become more frequent and increasingly more extreme in their content in the absence of any serious push back to reign them in.
After the devastating Typhoon Haiyan made landfall, the Heartland Institute’s Senior Environmental Expert, James Taylor appeared on Blaze TV to discuss policy implications of climate change. Blaze’s contributor, Will Cain,[…]
That is what our system needs. Not third-party payers who know they can always raise premiums to cover these ridiculous costs so never bother to argue, but engaged (and sometimes enraged) consumers who refuse to be treated like patsies.