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  • Yearly Archives: 2008

    The Founders and Redistribution of Wealth

    We’ve heard a lot lately about “redistribution of wealth.” What would the American Founders think? Property rights provide the foundation of prosperity. As Americans, we’re accustomed to a revolutionary guarantee that we may labor, earn wages and acquire property — and rest assured that what we earn and acquire will … More

    If Governments Are Always 'Behind the Curve'...

    …then how can we trust them to better manage the economy? A few weeks ago famed currency speculator George Soros made news complaining that financial regulators had been “consistently behind the curve” during the unfolding financial crisis. But why is Soros surprised? It seems that “behind the curve” is one … More

    The End of a Free Trade Era?

    If you support free markets, Mary Anastasia O’Grady’s Wall Street Journal op-ed makes for frightening reading: The U.S. hasn’t elected a genuinely protectionist president since Herbert Hoover, and for most of the last 80 years a rough bipartisan consensus has held that free trade is in the American national interest. … More

    Connecting the Dots: Fannie, Freddie and ACORN

    Since the housing bubble first began to burst, we have been quick to note the integral role that government-sponsored entities Fannie Mae and Freddie Mac played in distorting the housing market. However, we have also been skeptical of some claims that the Community Reinvestment Act (CRA) played in facilitating the … More

    If Heavy Regulation Is So Awesome...

    … then why are so many lightly regulated jurisdictions largely avoiding the current financial crisis? Tyler Cowen notes: A Friday article says this: The worldwide financial crisis is proving a lot more damaging than was expected. Not in Cayman, yet, but we had better get ready for it to affect … More

    Morning Bell: They Left Out the Socialized Medicine Part

    The Washington Post has a lengthy front-page story today on Barack Obama’s health care plan, which the newspaper admits contains “profound — and controversial — changes.” The Post tries to compare the Obama plan to Massachusetts’ 2006 health care legislation, asserting the only difference between the two is the individual … More

    Heritage Calls on Obama to Pull False Ads

    The Heritage Foundation today asked Barack Obama to immediately pull two ads that misrepresent the views of Heritage’s Rea Hederman. The campaign has released a 30-second TV ad with false information and repeats it on the campaign website. The following letter was sent by Heritage lawyer Alan P. Dye to … More

    Tankosphere Today: Oct 28, 2008

    Is poverty rising in OECD countries? – IEA Blog A new report by the OECD, Growing Unequal? Income Distribution and Poverty in OECD Countries, warns: “Poverty is rising in OECD countries. Over the past 20 years, it has risen from 9.3% to 10.6%, as an average for the 30 member … More

    Will Unions, Again, Kill Our Economic Recovery?

    One of the great untold stories about the Depression is that there were really two of them. By the mid-1930′s the U.S. economy was well along the road to recovery with the number of unemployed dropping from 13 million in 1933 to 7.6 million in 1936. The the Supreme Court, … More

    Is Google Really Committed to 'Universally Accessible' Information?

    As defenders of the free market, The Heritage Foundation fully supports Google’s private sector investments in clean energy technologies. However, there are some troubling nuggets of information buried in today’s New York Times article on Google’s energy interests. Miguel Helft reports: Google has also increased its lobbying in Washington on … More