That needs to be the theme right now for everyone who cares about the free-market.
(Naturally there already is a facebook group.)

Continue reading " Stop Blaming Capitalism, for Socialism’s Failures "

To Obama’s credit he was on the record in the run up to Iraq as opposed to the war. But one wonders if he would have actually voted against it in the Senate had been there in 2002. Given his proclivity to duck hard votes in the Illinois Senate, I doubt he would [...]

Continue reading " Biden, Obama and Iraq "

We’re told that this bailout will cost us $700 billion (and maybe as much as $1 trillion). Even setting aside the very significant moral hazard created by such a bailout, we simply can’t afford it.
Here’s a little breakdown you won’t hear from our politicians:
700 billion dollars is over $2,300 per person! (700 billion/population of 300 [...]

Continue reading " 700 Billion "

Dear Friends,
Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to strike.
The events of the past week are no exception.
The bailout package that is about to [...]

Continue reading " Message from Dr. Paul "

Oops. Turns out the GOP was right on the bailout before they flip-flopped:
Not that anyone pays attention to party platforms, least of all McCain, but a reader spots this rather unambiguous section of the platform just passed by the GOP:
We do not support government bailouts of private institutions. Government interference in the markets exacerbates problems in the [...]

Continue reading " GOP Bailout Hypocrisy "

[University of Chicago economics professor Luigi Zingales on why Paulson is wrong.]
When a profitable company is hit by a very large liability, as was the case in 1985 when Texaco lost a $12 billion court case against Pennzoil, the solution is not to have the government buy its assets at inflated prices – the solution is [...]

Continue reading " Say NO to the Bailout "

Today’s Washington Post contains a must read from George Will. here’s the key passage:
The political left always aims to expand the permeation of economic life by politics. Today, the efficient means to that end is government control of capital. So, is not McCain’s party now conducting the most leftist administration in American history? The [...]

Continue reading " George Will: McCain is an Angry Old Man "

Over at the American Conservative’s blog, Daniel McCarthy observes some of the same things I did about the Barr campaign’s actions regarding Ron Paul’s September 10th presser before concluding that Barr has only himself to blame for losing Dr. Paul’s endorsement to Chuck Baldwin (along with Barr’s own campaign manager Russ Verney).
By the way, also [...]

Continue reading " Daniel McCarthy on Bob Barr, Ron Paul "