By Anthony Gregory | Wednesday September 30, 2009 at 10:19 AM PDT | 3 Comments
Sibel Edmonds, U.S. translator-turned gagged whistleblower, describes in her interview by Philip Giraldi in The American Conservative about one of the greatest scandals of our time, involving serious breaches of national security and foreign lobbyists blackmailing members of Congress. Stories like this are usually buried, however, as more superficial scandals always seem more sexy...
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Tags: Civil Liberties, Corruption, Middle East, Politics, Presidential Power, Transparency, War
By Randall Holcombe | at 10:06 AM PDT | 8 Comments
The Troubled Asset Relief Program (TARP) is a year old now. On September 19, 2008, Treasury Secretary Henry Paulson announced the need for a $700 billion program to purchase toxic assets held by banks to prevent a financial meltdown, and after some modification TARP was rapidly approved by Congress on October 3. Looking back...
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Tags: Bailouts, Budget and Tax Policy, Economics, Federal Reserve, Free Market, Money and Banking, Nationalization, Socialism, The State
By Robert Higgs | Tuesday September 29, 2009 at 11:43 AM PDT | 10 Comments
You need a strong stomach to endure the messages disseminated by the mainstream news media, especially by its premier outlets, such as the New York Times. Of course, at this late date, nobody expects anything like political nonpartisanship or sound economic analysis from the Times, yet one continues to hope that the writers will...
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Tags: Business, Economics, Europe, The State
By Randall Holcombe | at 10:45 AM PDT | 4 Comments
One of the interesting things about the Baucus health care reform bill now under consideration by Congress is that it will place a large financial burden on state governments, while state governments already consider themselves fiscally overburdened. You would think that governors and state legislators would be up in arms about this, but I’ve...
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Tags: Budget and Tax Policy, Constitution, Economics, Healthcare, Taxation, The State
By Mary Theroux | at 10:34 AM PDT | 4 Comments
Dear Anonymous Donor: Thank you for your contribution of a 2008 1,000,000,000,000 Zimbabwean dollar (ZWD) note, received by mail today. We note that the Zimbabwean government redenominated the ZWD again on February 2, 2009, at a rate of 1,000,000,000,000 old ZWD to 1 new ZWD, and as I write this your donation is currently...
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Tags: Africa, Budget and Tax Policy, Economics, Federal Reserve, Inflation, Money and Banking, The State
By Carl Close | Monday September 28, 2009 at 3:39 PM PDT | 1 Comment
The 2010 Sir John M. Templeton Fellowships Essay Contest is underway. Open to college students (undergraduates and grad students) and untenured college teachers from around the world, the contest will award a total of $26,500 in prize money for the best essays addressing a question prompted by political economist Frederic Bastiat. “Everyone wants to...
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Tags: Bailouts, Corruption, Education, Government subsidies, Politics, Welfare
By William Shughart | at 1:44 PM PDT | 3 Comments
Federal, state and local taxes customarily are due when you choose to do something, such as buy a pack of cigarettes, a gallon of gasoline, a new set of tires, a bottle of liquor or wine, a bracelet or a ring, or take a job and earn income. No tax is due if you...
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Tags: Budget and Tax Policy, Healthcare, Personal Liberty, Politics, The State
By Anthony Gregory | at 11:49 AM PDT | 4 Comments
It’s now, relatively speaking, a “victory” for civil liberties that Obama is reverting to the Bush detention policy, rather than adopting an even worse policy.
Tags: Civil Liberties, Law, Military, Personal Liberty, Presidential Power
By Jonathan Bean | Saturday September 26, 2009 at 2:54 PM PDT | 0 Comments
Everyone knows the famous Miranda decision requiring the accused to be informed of their rights. This decision became one of the keystones of modern liberal due process. If the accused is not informed of their rights, a police state may run rough shod over those alleged to have committed crimes.
Forget Miranda and all that “innocent before guilty” nonsense. Welcome to the wonderful new world of “Sexual Harassment Procedures” . . . .
The irony is rich: our campus, like so many others, has witnessed criticism of George W. Bush, the Patriot Act, Guantanamo Bay procedures on the grounds that due process is lacking and the government shields itself from scrutiny. Yet here we are with procedures that bear an eerie resemblance to the Bush-era action.
Tags: Civil Liberties, Education
By Mary Theroux | Thursday September 24, 2009 at 11:07 AM PDT | 3 Comments
Judging from the previews, Michael Moore’s latest, “Capitalism: A Love Story,” ought better be titled as above. Someone, quick, give him a copy of Adam Smith’s A Wealth of Nations and explain to him that the best way to stop corporations from taking advantage of government largesse distributed at the expense of the politically...
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Tags: American History, Bailouts, Budget and Tax Policy, Business, Corruption, Economics, Free Market, Healthcare, Money and Banking, Politics, Regulation