Over at Project Syndicate, Kenneth Rogoff answers the question: “Is Modern Capitalism Sustainable?” Rogoff starts by saying that if what you mean by capitalism is the European model of a welfare state, the answer is no. Continental European capitalism, which combines generous health and social benefits with reasonable working hours, long vacation periods, early…
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Sarah Skwire has penned a lovely rendition of a Christmas favorite. Below is her poem – full of truth, wit, and seasonal charm. Be sure spread some cheer this season and share this poem with all your free-market friends! How the Grinch Stole the Free Market All the folks Down in Galt�s Gulch Liked…
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As of the end of the U.S. federal government’s 2011 fiscal year on 30 September 2011, the United States’ total public debt outstanding was recorded to be approximately $14.790 trillion. From the end of the U.S. government’s Fiscal Year 2010, the amount of the U.S. national debt has increased by 9.1% in just one…
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In “For Obama�s green-car revolution, fits and starts” in the Washington Post, Carol Leonig and Joe Stephens report that the highly-touted, taxpayer subsidized, “green” car bonanza is failing, as production lines and sales expectations have been dramatically scaled back in recent months. In reality, this federal program is nothing but a corporate-welfare system for…
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Traditional public policy and welfare economics have held that �market failures�—the presumed inability of a free market to deliver certain goods and services deemed to be in the public interest—are common and require government intervention to protect the public good. But is this actually the case? The Independent Institute book, Beyond Politics, by Senior…
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The Daily Show with Jon StewartGet More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook As it has come to light, from August 2007 to April of 2010 the Fed loaned out over $7.7 trillion to troubled banks. A Bloomberg report reveals that the U.S. government made these secret bailouts…
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