When is the price of some marketable good or service at or near zero? When either the supply of it is so plentiful that virtually any demand, no matter how great, can be satisfied. Or when no matter how large or small the supply of it may be, people’s demand for it is so low that nobody is willing to practically pay anything for it.
In today’s episode of The Heartland Daily Podcast, Fraser Institute resident fellow Fred McMahon joins managing editor of Budget & Tax News Jesse Hathaway to talk about the newest results of the Canadian think tank’s annual Economic Freedom of the World study.
Our first major clues of the changes our president had in mind were evident in those he chose for his cabinet. Victor Davis Hanson mentioned some of Obama’s questionable liberal choices in an article that described the “worst of the worst.” However, he missed Arnie Duncan, Secretary of Education, who ushered in the controversial Common Core Standards.
Germany and the United States are embarking on two drastically different energy policies, and these countries are reaping dramatically different results. In Germany, the government devised a top-down plan called Energiewende, a term meaning “turn” or “revolution,” intended to make Germany the renewable-energy center of the world. The United States has experienced its own energy revolution thanks to hydraulic fracturing, also known as “fracking,” which has transformed our nation into the largest producer of oil and natural gas in the world in spite of, not because of, the federal government.
For over a decade, now, the American economy has been on an economic rollercoaster, of an economic boom between 2003 and 2008, followed by a severe economic downturn, and with a historically slow and weak recovery starting in 2009 up to the present.
It is time for a new modern book to tell Ayn Rand’s story from Atlas Shrugged and Aldous Huxley’s Brave New World in modern terms. There is no question that todays environmental zealotry which is the theme of a new novel Mountains Whispers, Days Without Sun fills the bill. While Rand told a potentially true story this book updates it into our own future with the built in horrors of Agenda 21.
Most of us feel that time goes by faster as we get older. It does. When you are five years old, one year represents 20 percent of your life. Yet, when you are fifty, that same calendar year is only 2 percent of your life—making that single timeframe much smaller. Those of us involved in fighting the bad energy policies coming out of Washington have a similar feeling: the second term of the Obama Administration seems to be throwing much more at us and at such speed that we can barely keep up. Likewise, they are.
The U.S. territory of Puerto Rico owes more than $70 billion—about $19,729.43 per resident—in debt to creditors and investors. First to note the territory’s fiscal problems were the credit rating agencies, which downgraded the territory’s bond status to “speculative,” the first of three steps along the junk-bond path to loan default.
There is little that happens in society in general and the market economy in particular that most on the political “left” do not think needs more government intervention, regulation, and redistribution to make “better.”
Even with prices 40 percent lower than a year ago, we remain the world’s No. 1 producer of crude oil and other liquid hydrocarbons. Imports of oil have dropped from 60 percent of consumption to about 35 percent just in the past five years. We’re also the world’s largest producer of natural gas.
The final Heartland Author Series event before The Heartland Institute moves its headquarters from One South Wacker Drive, #2740, to its new facility in Arlington Heights was held on Thursday, May 21, from 11:30 a.m. to 1:30 p.m. Featured was Larry Schweikart, who along with co-author Michael Allen, wrote the newly released 10th anniversary edition of “A Patriot’s History of the United States: From Columbus’s Great Discovery to America’s Age of Entitlement.”
I have been wrestling for some kind of explanation why the President of the United States, Barack Obama, would continue to talk about climate change and urge the global transition from fossil fuels to wind, solar and bio-energy. I have concluded that he thinks everyone, not just Americans, are idiots.
I used the verb “stupefying” to describe a long process in our nation’s schools that has produced several generations of Americans, dumbed down and resulting in more than half who are functionally illiterate, nor can do math, and, as a recent headline reported “Student’s Results in Social Studies Stagnate.”
Late last year, the name Jonathan Gruber became part of the public consciousness for his newly public declarations that Obamacare passed due to the “stupidity of the American voter.” While there are many cases one can cite affirming that most Americans don’t closely follow politics and/or the political process and, therefore, may be called “stupid,” the campaign to sell the manmade climate change crisis narrative proves otherwise.
There was a time when the Supreme Court of the United States defended and upheld the Constitutional protections for economic liberty in America. This year marks the 80th anniversary of one of the Supreme Court’s finest hours, when it overturned Franklin Roosevelt’s agenda for economic fascism in the U.S.
The folks at the Environmental Protection Agency, starting with a long line of its administrators that now includes Gina McCarthy, think you and the Congress of the United States are stupid. They have been telling lies for so long they can’t imagine that their chokehold on the American economy will ever end.
A little more than seventy years ago, on March 10, 1944, there appeared in Great Britain one of the most amazing and influential political books of the twentieth century, The Road to Serfdom by Friedrich A. Hayek, which forewarned of socialist trends in Britain and America that ran the danger of leading to tyranny if taken to their logical conclusions.
Perhaps the most important aspect of Martin Luther King, Jr.’s vision was his core belief that every American should be represented equally in our system of governance, regardless of race, color or creed.