Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals. The Foundation develops, supervises, and finances its own educational activities to foster thought and encourage discourse on enduring issues pertaining to liberty.
More than one million Americans have escaped the clutches of the Democrats’ destructive federal health care law. Lucky them. Their employers and labor representatives wisely applied for Obamacare waivers earlier this fall and got out while the getting was good. Now, it’s time for Congress to create a permanent escape hatch for the rest of us. Repeal is the ultimate waiver.
Since taking office Barack Obama, who promised during his campaign to create a moderate, inclusive administration, has engaged in actions that have created division and fear because they are meant to radically change America, not improve on what has always worked. As a result, David Horowitz writes in Barack Obama’s Rules for Revolution: The Alinsky Model, “Many Americans have gone from hopefulness, through unease, to a state of alarm as the President shows a radical side only party visible during his campaign.”
When Judge Richard Posner, the prolific conservative intellectual, released his book “A Failure of Capitalism: The Crisis of ’08 and the Descent Into Depression” last year, you might have thought the final verdict was in: Capitalism caused the economic downturn and high unemployment.
That this verdict was pronounced by someone like Posner, who is associated with the University of Chicago and the free-market law and economics movement, gave moral support to all the politicians who were intent on exploiting the recession (as they exploit all crises) to increase government control of the economy.
Capitalism.org is the website for the moral social system: laissez-faire capitalism.
1. What is capitalism?
Capitalism is a social system based on the principle of individual rights. The term capitalism is used here in the broader philosophical political sense, and not in the narrower economic sense, i.e. a free-market.
In his best-seller “Inside U.S.A.”, the hugely readable journalist John Gunther described America as it was in the last year of World War II. He interviewed hundreds of politicians, businessmen and journalists, but only four men rated a separate chapter — three politicians and Henry J. Kaiser, the California construction magnate who built dams and ships and manufactured concrete and steel and aluminum.
Read more at the Washington Examiner: http://www.washingtonexaminer.com/politics/Under-Obama_-crony-capitalism-again-rules-the-day-84271222.html#ixzz15AQRolkH
A marvelous thing happened over on Paul Krugman’s blog at the New York Times last week. Krugman effectively conceded defeat on a range of economic debates. Who defeated him? People who posted comments on his New York Times blog. Mere commenters.
For those who do not know, Paul Krugman is one of the few who still claim that Keynesian progressivism is the answer to America’s (and