November 3, 2008
October 31, 2008OpenMarket.org is trying to win the Blogger's Choice Award for the best political blog. Just a few dozen votes should do it. If you'd like to vote, just visit bloggerschoiceawards.com, click Sign Up at the top of the page, and vote.
I've registered and voted for several...
October 30, 2008From the Editors at National Review Online:
That $700 billion rescue package for the banks is in danger of turning from a safety net into a slush fund. The scent of money has attracted lobbyists for every interest group in Washington. Now comes word that Treasury secretary Henry Paulson might dip into the fund to bail out struggling automakers GM and Chrysler. If car companies can qualify for a piece of that $700 billion, then there are no theoretical constraints on its use.
GM has many expenses, so one could imagine why they feel motivated to get a piece of the bailout. How else will they pay their lobbyists and car show models?
Of course GM also employs thousands of American workers, but those folks should consider the consequences of their...
October 30, 2008Despite some recent good news—like stocks recovering some value—politicians continue to believe they can solve the housing crisis through economic gimmicks. The latest: a proposal to have a 90-day moratorium on home foreclosures.
The last thing that anyone wants is more folks kicked out of their homes. But if banks don't recover some capital now, won't the crisis simply deepen?
Just as much as struggling home owners want to stay in their homes, banks want those folks to stay in their homes. Banks like it when people are paying their loans and only foreclose on homes only as a last result as it is—they're better at brokering loans than real estate.
If taking control of a home and selling it on the market is already...
October 24, 2008
CEI is happy to announce that the Atlas Network has joined our efforts to stop future reckless spending on the part of Congress, this administration, and the next at BeyondBailouts.org.
At AtlasNetwork.org you'll find news from a diverse network of independent think tanks, scholars, and friends that collaborate with Atlas to promote individual liberty, economic freedom, and limited government under the rule of law. Now you'll find their...
October 23, 2008Think the world's economy can be managed by political leaders and experts? The rate at which the world is changing and at which our knowledge is increasing demands a decentralized system—better known as free markets.
Check out this video by Karl Fisch, Scott McLeod, and Jeff Brenman which includes several interesting facts such as:
- China will soon be the number one English speaking country in the world
- If MySpace were a country it'd be the fifth largest country in the world
- 31 billion Google searches are done each month, up from 2.7 billion in 2006
- The first commercial text message was sent in 1992, the total sent each day now exceeds the...
October 23, 2008Today the DC Examiner has a point/counterpoint today (the two articles are linked to seperately below) on the topic of trains. Both sides are decidedly pro-train. Edward Hamberger, president of the Association of American Railroads said that more trains are good for America as they reduce congestion and pollution. James Jordan, president of the Interstate Maglev Project agrees with Mr. Hamburger, but believes that maglev trains are the superior train technology.
Why should Hamberger and Jordan be debating this in a newspaper? ...
October 22, 2008[youtube:http://www.youtube.com/watch?v=RkOqYHijiEs 285 234]
October 22, 2008Did the free market cause the financial crisis? Was it unbridled capitalism?
The Competitive Enterprise Institute and the National Taxpayers Union don't believe for a minute that capitalism caused the financial crisis. How can we be so confident? Because capitalism doesn't exist in the United States, especially in the financial sector.
Nearly every industry in the U.S. finds itself making regular pilgrimages to Washington to seek special favors—subsidies for this or that, regulations that harm competitors or smaller firms, or trade deals that benefit their industry while hurting the American consumer. No, America doesn't have a capitalist system, we have a system of special favors, handouts, and perversion of the free market.
October 8, 2008From ACU's new issue of Battleline. ACU board member Joe Morris contributes an email from our new economic Czar:
My Dear American Friend
Issue 117 - October 8, 2008
MY DEAR AMERICAN FRIEND:
I AM NEEDING TO ASK YOU TO SUPPORT AN URGENT...