The United Nations recently passed a resolution in which those who lend money to governments are denounced as "vultures" while the governments themselves are portrayed as hapless victims. This isn't exactly a complete and accurate picture of the situation.
With a Congress enamored of military spending and elective wars, there's no end in sight for the tax and spend policies that ensure bigger and more lavish treats and amenities for government contractors and military agencies alike.
The Pope is touring North America this week, promoting a variety of interventionist “solutions” to global warming, poverty, and more. But a far more powerful religious figure, Janet Yellen, continues to pull the levers of the global financial system.
Government has been meddling in health care for over 100 years, and the latest health care reform is just the latest effort that will result in more expensive health care.
In spite of past assurances to the contrary, our central planners at the Federal Reserve emerged this week to announce that their zero-interest-rate policy will continue. Is the world coming to realize that the emperors have no clothes?
When we adjust for the cost of living, we find that more economically free states in the US are richer, happier, and endure less poverty than the high-tax highly regulated states. Consequently, many people continue to move from less-free states to more-free states.
Bernie Sanders is not a new Mao or Marx. He’s really just a modern New Dealer, and he’s recycling old New Deal plans and rhetoric. And, just like the original, Sanders’ New Deal will do nothing to end our current economic malaise.
Some states are attempting to take control of federal lands within their own borders. But even if the states succeed at this, fewer federal expenditures on federal lands won’t translate into lower taxes for anybody.
The Japanese government has been working to increase both military spending and the military’s role beyond Japan’s borders. This has little to do with Japan asserting independence from Washington, and is more about a cash-strapped US wanting more money from Japanese taxpayers.
The data shows that many Greek workers work for long hours, and some labor data suggests the Greek economy must be fine. But a closer look shows that hard work isn't enough when many others live off the productivity of the working few.
