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In his famous “you didn’t build it” speech, President Obama cited the Internet, fire departments, the GI Bill, the Golden Gate Bridge and the Hoover Dam as examples of government action that helps business owners. Each needs addressing, but let’s start with the Hoover Dam. The president is riffing off of Rachel Maddow’s MSNBC commercial …
People can’t get enough of predictions. There is that basic human desire to know the future and capitalize on it. People especially like hearing predictions that confirm their view of the world. Hearing prognostications that match up with your own makes you feel smart. And in turn, you view the predictor as smart for confirming …
From what I can tell, most of what people believe about politics has nothing to do with reality. For example, remember when President Obama took office and hordes of dupes swooned in maniacal frenzy about the utopia he was going to usher in? It was astonishing that so many people imagined that one man’s hand …
People tell me that I get overly worked up about small government regulations. But small matters. The building of civilization is revealed in small steps, tiny, bit-by-bit improvements in the things we have and do. In the same way, seemingly small government regulations can cause a reversal of the magnificent world that enterprise has built. …
Where would the European economy be today without Germany? Compared with all the other states in the European Union, Germany is the viable cash cow for the rest to milk, and that’s only because of the economic reforms that took place before the Great Recession hit. It was the Social Democrats, led by Gerhard Schroder …
Christine Lagarde, the head fixer at the International Monetary Fund, says U.S. policymakers need to be more aggressive in dispensing medication to boost America’s punk recovery. Washington bureaucrats, she believes, have all the fiscal and monetary tools they need to get the job done. Ben Bernanke’s printing press is collecting dust, she thinks, and legions …
One of the great pleasures of releasing an ebook every week is this: I face the pressure to edit, read, and digest books at a regular pace, rain or shine. I prepare videos and articles on them and send announcements, which means that I must know the material well. The demands can be intense but …
Isabel Paterson’s The God of the Machine (this week’s Club release) was one of four magisterial libertarian works to be published in the dark days of 1943. Also released that year were Albert Jay Nock’s Memoirs of a Superfluous Man; Rose Wilder Lane’s The Discovery of Freedom; and, by far the most famous, Ayn Rand’s …
It is the strangest dysmorphic transformation of any holiday in history. The day that overthrew a government, July 4, 1776, now celebrates the power of a government that is far more vast, predatory and imperialist than the one overthrown. Not only is the real meaning of Independence Day forgotten; it has been turned on its …
Government finance at all levels seems to be unraveling. The city of Stockton, California, declared bankruptcy. North Las Vegas, Nevada, would be in the same boat if the state of Nevada allowed for it. Michigan’s state government has taken over the management of four cities, and the state’s largest city — Detroit — has a …