Al Gore, who came within a few hundred votes of being elected president in 2000, has designed a blueprint to overhaul capitalism to create a sustainable capitalism that will support lasting economic growth. He says that the way capitalism is now practiced does not “...incorporate sufficient regard for its impact on people, society and...
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The response to the January 27th article in the Wall Street Journal by sixteen leading scientists, “No Need to Panic About Global Warming,” has been nothing short of explosive both at the Journal and to my blogging on the matter, “Leading Scientists Debunk Climate Alarmism.” However, the response from the mega-funded alarmist establishment (see...
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Some of you may recall that Lord Wolfson (of Next stores fame) launched a contest in Britain asking European economists to put forward proposals for an orderly exit of one or more members from the European Monetary Union—i.e. the euro. Now that the deadline for submissions is passed, some of the participants (620 teams...
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Residents of Hawaii were dismayed to see this recent front-page headline: “Hawaii Solar Savings Spark Higher Electric Bills.” Since so many consumers have sought electrical savings from installing solar panels, the state-monopoly electric utility is losing revenue and now needs to make it up in higher rates. At least Hawaii’s perennially sunny weather will...
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Back in 2008, Mitt Romney published an editorial in the New York Times saying that American auto companies should go bankrupt. He’s received some criticism for that op-ed, but the criticism is unfair because in fact, under President Obama’s watch, they did go bankrupt. Romney defends his 2008 opinion here, and further criticizes the...
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As the most widely reported rate of unemployment (U-3) has fallen in recent months, people with a political agenda served by painting a rosy picture of the recovery have made considerable noise about this decrease. Their political opponents have responded that one reason for the decline is that the labor force has fallen as more people have...
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I don’t think of Ben Bernanke’s approach to monetary policy as soft, passive, or restrained, but of course my optimal monetary policy is no monetary policy. Laurence Ball thinks that Bernanke’s actions after 2008 were surprisingly cautious, compared to what Bernanke advocated as an academic and Fed Governor in the early 2000s. From 2000...
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Boy, I miss the days when the future depicted in Terminator appeared ridiculously dystopian. The Washington Times reports: The legislation would order the FAA, before the end of the year, to expedite the process through which it authorizes the use of drones by federal, state and local police and other agencies. The FAA currently issues certificates, which...
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If there is one thing to be hoped will come out of the current controversy over the proposed mandate for religious organizations to pay for free pregnancy prevention and termination coverage for their employees, it is that women and American religious leaders and believers come to realize that the state is not a benevolent,...
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A debate in the media is currently swirling around the objection of Catholic and other religious institutions to a new requirement to pay for insurance plans that cover contraception for their employees. However, this narrow focus has obscured the larger problem of government insurance mandates in general. One of the primary justifications for the...
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