We’ve been told for months now by politicians, especially Democrats, that the U.S. economy is in shambles. Over the past few days we’ve been told that government must act now in a huge way to bail it out before the woes of Wall Street hit Main Street. We’re told that […]
Read MoreJeffrey A. Miron is a senior lecturer in economics at Harvard University. He is a Libertarian and was one of 166 academic economists who signed a letter to congressional leaders last week opposing the government bailout plan. His commentary, entitled Bankruptcy, Not Bailout, is the Right Answer, was published today […]
Read MoreThink about this with me for a minute if you would. The government is asking us taxpayers to hand over $700 billion more dollars on top of the $2+ trillion we already give them (or they obligate us with in the form of debt). That’s an enormous amount of money. […]
Read MoreA few hours ago the U.S. House of Representatives defeated the $700 billion “emergency rescue” package designed to boost our nation’s financial systems and prevent an economic meltdown. More than two-thirds of Republicans and 40% of Democrats voted against this legislation. AP Reporter Julie Hieschfeld Davis reported the following comments […]
Read MoreI watched the first Presidential Debate between Senators John McCain and Barack Obama that was held last Friday in Oxford, Mississippi. I wish I could have been there, especially considering it was only about a 90 minute drive from home, but I didn’t make the tiny list allowed to attend. […]
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