Time and again, President Obama has told us how he intends to solve our healthcare problems: spend money on pilot programs and other experiments, find out what works, and then copy it. He’s also repeatedly said the same thing about education. The only difference: In education, we’ve already been following this approach with no...
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Warren Buffett’s annual “Letter to Shareholders” may be more famous, but I’d put this “Periodic Overview” from our friend, investment manager Roger King, up against it any day: RUMINATIONS AND OBSERVATIONS A Periodic Overview The inherent vice of capitalism is the unequal sharing of blessings: the inherent virtue of socialism is the equal sharing...
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Hillary Clinton made the news a week or so ago by saying the rich don’t pay their fair share of taxes, echoing statements President Obama has made since his presidential campaign. But the remedy they recommend is to raise income tax rates on high-income earners. That’s not taxing the rich, it’s taxing the productive....
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Warren Buffett says the economy is not recovering and we might need a second stimulus package to turn things around. In other words, what we did before isn’t working, so let’s do it again. Insanity has sometimes been described as doing the same thing over and over and expecting different results. When George W....
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