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  • Monthly Archives: July 2008

    Free Trade Fact of the Day

    No wonder Europe loves Barack Obama: while Obama is promising unilateral withdrawal from NAFTA unless Mexico agrees to new terms to protect U.S. union jobs, the European Union is working to reduce trade barriers with Mexico. The AP reports: The European Union’s executive commission on Tuesday proposed to upgrade ties … More

    Only Liberals Could Believe Government Good at Predicting Prices

    Whenever conservatives push for developing more domestic energy, liberals respond by saying increased oil production, whether from the Outer Continental Shelf (OCS) or Arctic National Wildlife Refuge (ANWR), would have no effect on prices. And they always trot out the same Energy Information Administration reports predicting that opening up ANWR … More

    Time Wasting on Nuclear Power

    The Heritage Foundation on Tuesday released the above chart headlined U.S. a Nonstarter in Nuclear Power. The point of the chart was to show those who continue to question the value of nuclear power that other countries are making concrete decisions and moving forward in earnest. Unfortunately, some felt the chart … More

    Morning Bell: Seize This Opportunity

    Freddie Mac and Fannie Mae own or guarantee a combined $5 trillion worth of mortgages. To put the size of that liability into perspective, remember that total U.S. federal debt is $9.5 trillion and total U.S. gross domestic product is $14 trillion. They are simply too big to fail. The … More

    No Credit to Congress: House Judiciary Committee Votes on Price Controls

    In 1979, Robert Schuettinger and Eamonn Butler wrote a book called “Forty Centuries of Wage and Price Controls,” detailing 4,000 years of disastrous attempts by government to control market prices. Tomorrow, the House Judiciary Committee will vote on adding a 41st century to that litany of failure. The target: credit … More

    Tankosphere Today: July 15, 2008

    District of Columbia v. Heller: What’s Next? – Cato Unbound District of Columbia v. Heller, the final opinion of the Supreme Court’s 2007-08 term, Justice Antonin Scalia re-wrote Second Amendment jurisprudence… (tags: Second Ammendment) Replacing Housing Risk With Dollar Risk - Red State As of Sunday night, the US government, speaking … More

    Fannie and Freddie Fiasco Not A Surprise

    In retrospect, allowing two government sponsored entities to leverage their government granted advantages into a massive duopoly that could destroy the entire American housing market, probably wasn’t such a good idea. If only someone had warned Congress about the problem. Oh wait, someone did. Heritage scholar Ron Utt wrote in … More

    This Relationship Ought to Be So Over

    Heritage scholar David John makes the case for splintering Freddie Mac and Fannie Mae in light of their recent financial troubles. From the New York Post: WITH the Treasury and Federal Reserve in effect promising to keep Fannie Mae and Freddie Mac afloat, the mortgage giants’ crisis seems to be … More

    From Biofuels to BioFailure

    It’s hard to find a voice outside the Midwest or Archer Daniels Midland buildings that support the use of biofuels and ethanol as a means for filling gas tanks. Environmentalists and especially world hunger groups are adamantly expressing their concern about the unintended consequences of biofuels policy. Christopher Booker and … More

    Free Trade Fact of the Day

    The World Trade Organization released a report today titled Trade in a Globalizing World. From the Executive Summary: International trade is integral to the process of globalization. Over many years, governments in most countries have increasingly opened their economies to international trade, whether through the multilateral trading system, increased regional … More