Commentary on economic issues
The History channel’s series The Men Who Built America was off to a decent start until they got to Henry Clay Frick and the Homestead strike. More lies have been written about that strike than perhaps any other event in U.S. labor history, but instead of straightening the record, History adds some new lies of their own. Read more →
Less than two weeks ago political strategist Dick Morris conducted a poll of likely Wisconsin voters that produced some strange results. By a margin of 74-18, those polled want teachers and other government workers to contribute more toward their health insurance premiums, and by an even larger margin (79-16) they want public employees to pay … Read more The ugly truth about ‘collective’ bargaining
Aha! The lamestream media has caught Sarah Palin committing another Palinism! In his State of the Union address Tuesday, President Obama invoked the Sputnik, the artificial satellite the Soviet Union launched into orbit October 4, 1957, to justify new government spending programs (which he called “investments”): Half a century ago, when the Soviets beat us … Read more Obama, Palin and the ‘Sputnik moment’
You’ve got to hand it to Warren Buffett: his sense of timing is perfect — no, better than perfect. On Wednesday he writes a thank-you note to Uncle Sam, and the very next day the White House announces that he’s to be awarded a Presidential Medal of Freedom. Actually, it wasn’t the medal for which … Read more Warren Buffett’s crony capitalism
Insanity, according to an aphorism often attributed (probably erroneously) to Albert Einstein, is doing the same thing over and over again and expecting different results. Last week Federal Reserve Chairman Ben Bernanke announced that the Federal Open Market Committee plans to purchase $600 billion in longer-term Treasury securities between now and the middle of next … Read more Monetization and insanity