Mary Theroux Archive

Mary L. G. Theroux is Senior Vice President of The Independent Institute. Having received her A.B. in economics from Stanford University, Ms. Theroux is Managing Director of Lightning Ventures, L.P., a San Francisco Bay Area investment firm, and Vice President of the C.S. Lewis Society of California.
Full Biography

You Didn’t Build That Business, and You Don’t Run It, Either



During the 2012 campaign, President Obama famously said, “If you’ve got a business, you didn’t build that, someone else made it happen.” And now, it appears, if you’ve got a business, someone else makes what you do with it happen, too. Imagine you’re a Jewish tailor, the child of holocaust survivors. Into your shop...
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Remembering Nelson Mandela



At our Gala for Liberty honoring him, Archbishop Desmond Tutu offered his memories of working with Nelson Mandela in transitioning South Africa from the violent, divided rule of apartheid, by way of the first Truth and Reconciliation Commission that could grant amnesty to perpetrators (subject to forgiveness by the victims or their families)—a stirring...
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The Pilgrims’ Real Thanksgiving Lesson



With Thanksgiving upon us once again, we offer a reminder of the economic lesson that made our first Thanksgiving possible: The Pilgrims’ Real Thanksgiving Lesson by Benjamin Powell Feast and football. That’s what many of us think about at Thanksgiving. Most people identify the origin of the holiday with the Pilgrims’ first bountiful harvest....
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Just Say No to Jobs for the Young and Unskilled



As pictured here, Governor Jerry Brown has signed new minimum wage legislation that ups the minimum productivity to be employed in California to $9 per hour starting next year, and $10 per hour in 2016. Supervisors will also have to increase their productivity if they want to stay employed. The San Francisco Chronicle offers...
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President Obama: “I’m really good at killing people.”



As President Obama worked with aides on his reelection campaign last year, to what accomplishments of his first term did he point? According to the new book “Double Down,” in which journalists Mark Halperin and John Heilemann chronicle the 2012 presidential election, President Barack Obama told his aides that he’s “really good at killing...
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Nobel Peace Prize: FAIL



The news that Malala Yousafzai missed out on the Nobel Peace Prize should not be a great surprise. Considering upon whom the committee has bestowed the honor in recent years, it would have been more surprising had they proven themselves able to recognize a peace monger when she’s right in front of them. In...
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All I Really Need to Know I Learned from Reading Higgs



Further to Bob Higgs’s earlier post, Thinking Is Research, Too!, down in Texas, the Chairman of the Dallas Fed has the odd practice of looking beyond government stats and actually (gasp!) asking real people how they think the economy is going. From a profile of the President and CEO of the Dallas Fed, Richard...
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The Difference between God and Congress



In Letters to a Diminished Church, Dorothy Sayers writes about God’s incarnation as Jesus: ...for whatever reason God chose to make man as he is—limited and suffering and subject to sorrows and death—he [God] had the honesty and courage to take his own medicine. Whatever game he is playing with his creation, he has...
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NSA Collects ‘Word for Word’ Every Domestic Communication



It has been interesting to me that the most frequent question that I have been asked in the aftermath of our, “Civil Liberties and Security in an Age of Terrorism,” is regarding my description of our cell phones as a government listening device. Even though the information that U.S. surveillance agencies can remotely turn...
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Obamacare: All Your Intimate Information Available to (Almost) Anyone



Does it bother you that a 29 year-old high school drop-out and former security guard could “wire-tap” all of your email and phone communications basically on his own authority? Will it bother you when almost anyone can access your name, birth date, Social Security number, gender, ethnicity, family size, Indian status, incarceration status, veteran...
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