Archive for July, 2008
From 19 Men With Boxcutters. . .

To a million Americans on the terrorist watch list.

Notes on the Fannie Mae/Freddie Mac Bailout

The following text is drawn from the Associated Press report by Jeannine Aversa, “Fed to Rescue Fannie Mae, Freddie Mac.” The plan, unveiled Sunday, is intended to signal the government is prepared to take all necessary steps to prevent the credit market troubles that erupted last year with losses from subprime mortgages from engulfing...
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Private Taxis in Cuba?

Is there now a light ahead in Cuba after decades of repressive communist rule? With his brother Fidel now on the sidelines, Cuban President Raúl Castro has recently lifted a nine-year-old ban on private taxis, “potentially legalizing thousands of unauthorized cabbies who cruise its cities in classic American cars.” As AP reports, Fidel Castro,...
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Obama’s Janus-Faced Foreign Policy

Obama lays out his plans for Iraq and Afghanistan in an op-ed for The New York Times. It reveals on full display a proposed foreign policy of confusion and contradiction. With the notable exception of calling for a “residual force” to fight Al Qaeda and train troops, Obama sensibly argues that the best policy...
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Neither Liberty Nor Safety

According to U.S. News and World Report, “U.S. officials have advised visitors to this summer’s Olympics in Beijing that their laptops may be targeted for duplication or bugging by the Chinese” government. But what is even more telling is that the U.S. Department of Homeland Security also claims the same right for Customs agents...
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Sir John M. Templeton: The Passing of a Visionary

On July 8th, our dear friend Sir John M. Templeton passed away at the age of 95. We deeply share the sadness of this loss with the many people worldwide who have had the pleasure of knowing and working with him. On October 1, 1998, we had the distinct privilege of hosting our gala...
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Obama’s Betrayal of the Fourth Amendment

Barack Obama voted for cloture on the bill to give Bush all he wants on illegal warrantless surveillance. And then he voted for the bill. Hillary Clinton voted against cloture, then voted against the bill. All it took for Obama to become less civil libertarian than Hillary was getting the nomination. What will he...
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Röpke on the German Question

Thanks to Jeff Tucker for making available Wilhelm Röpke’s 1945 book, The German Question, an impassioned plea for a comprehensive postwar liberalization of German economy and society. As Jeff points out, Röpke’s book ranks with Mises’s Omnipotent Government and Hayek’s Road to Serfdom, both published in 1944, among the great liberal treatises of this...
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The McCain/Obama Echo Chamber

In the last two days, both Obama (here) and McCain (here) have called for a bigger military. Here is what Obama said: We need to ease the burden on our troops, while meeting the challenges of the 21st century. That’s why I will call on a new generation of Americans to join our military,...
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Limiting Access to the Political Order in North Carolina

Imagine the following: someone who opposes government policies wishes to run for office, and he and his party overcome the hurdles necessary to get on the ballot. The candidate is invited to a debate, but then that debate is cancelled and a new debate is scheduled. The opposition candidate is not invited to this...
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