David J. Theroux | Sunday July 24, 2016 at 2:31 PM PDT
The powerful, new, documentary-film version of Peter Schweizer’s bombshell, New York Times-bestselling book on the massive corruption, cronyism and hypocrisy of Bill and Hillary Clinton and the Clinton Foundation, Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich, has premiered on YouTube for selectively...
Read More »
William F. Shughart II | Friday May 8, 2015 at 9:18 AM PDT
Adam Smith, the first and still best of all of the world’s economists and moral philosophers, once wrote in opposition to all systems of “preference and restraint”. That lesson is lost on most politicians and all special pleaders who support re-authorization of the taxpayer-financed Export-Import Bank, whose funding is once again set to expire...
Read More »
William F. Shughart II | Sunday October 5, 2014 at 10:18 AM PDT
Jim Hightower is an old-fashioned Texas progressive, who, if memory serves, once ran unsuccessfully for the governorship of that state. He may be a great polemicist – see “The Dark Side of Amazon” – but he does not know the first thing about how markets work and how Amazon.com, like Wal-Mart, is a benefactor...
Read More »
William F. Shughart II | Tuesday July 22, 2014 at 1:08 PM PDT
Following up on my nationally syndicated column on the pending re-authorization of the Export-Import Bank (“Let the Ex-Im Bank Fail”), the Financial Services Committee of the U.S. House of Representatives issued a press release on July 21, 2014, stating that “Two of the four Russian firms targeted with new sanctions announced last week by...
Read More »
William F. Shughart II | Wednesday June 25, 2014 at 9:00 AM PDT
Alicia Mundy writes in the Wall Street Journal of June 24, 2014, that a coalition of environmentalists and at least some of the many corporate cronies of the federal government are pressing a proposal to require private business entities to account for and to report to shareholders the risks to which they are exposed...
Read More »
William F. Shughart II | Saturday January 14, 2012 at 2:23 PM PST
A story by Matthew Wald in the New York Times on January 9th demonstrates the poverty of governmental attempts to pick “winners” in the realm of green technologies, the wasteful subsidy programs supporting that policy goal and the huge costs for the private sector of being unable to march to Washington’s tune. Among its...
Read More »
David J. Theroux | Saturday November 12, 2011 at 4:10 PM PST
The New York Times reports in “A Gold Rush of Subsidies in Clean Energy Search” that NRG Energy is receiving nearly $1.6 billion in government subsidies for its new compound in California of almost one million solar panels. The Times further notes that: Similar subsidy packages have been given to 15 other solar- and...
Read More »
David J. Theroux | at 3:38 PM PST
In the aftermath of the Solyndra cronyism debacle, the Los Angeles Times now reports that a no-bid contract was awarded last May to a firm controlled by a billionaire Obama supporter for the highly unlikely national security threat of a small pox attack: Over the last year, the Obama administration has aggressively pushed a...
Read More »
David J. Theroux | Monday January 3, 2011 at 5:33 PM PST
In a recent editorial, “The EPA’s Utility Men: Anticarbon regulations and the corporate rent-seekers who love them,” the Wall Street Journal notes that eight leading utility CEOs are cheering on the EPA’s new draconian, climate regulations and other policies because they stand to make huge profits by redistributing wealth to themselves. As the Journal...
Read More »
Randall G. Holcombe | Thursday August 5, 2010 at 2:11 PM PDT
President Obama says “We expect taxpayers will get back all the money my administration has invested in GM.” As I write, GM is planning an initial public offering of stock (IPO) to raise money to pay back “...the money [President Obama’s] administration invested...” As an aside, I do like the way the president takes...
Read More »
