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  • Yearly Archives: 2011

    Navy Buys Biofuels for $15 Per Gallon From Stimulus-Linked Firm

    Photo credit: Newscom

    A California company has been hired to provide 450,000 gallons of advanced biofuels to the U.S. Navy – the “single largest purchase of biofuel in government history,” according to the Navy – at $15 per gallon, or about four times the market price of conventional jet fuel. The Institute for … More

    Morning Bell: Why Would Obama Veto Job Creation?

    obama-12-12-11

    Today, the U.S. House of Representatives is set to vote on a bill that would, among other things, open the door for the creation of thousands of new jobs, prevent a tax hike on American workers, and help reduce the crippling deficit. However, President Barack Obama has promised that he … More

    Another Free-Money Report

    Lost Creek Wind Farm

    Because the concept of opportunity cost is fundamental to all of economics, it is covered in the first chapter of every principles-of-economics textbook. Opportunity cost tells us what we give up when make decisions on consumption and production. There are no free lunches. In spite of the universal agreement on … More

    Freedom Is the Cure for U.S. Economic Woes

    Globe, Earth, sits on pile of cash, money

    President Obama recently lectured Americans on economics during a campaign stop in Osawatomie, Kansas. The New York Times congratulated President Obama’s speech as a potent blow against market economics. Cal-Berkeley professor Robert Reich called it the most important speech of his presidency. The Kansas City Star gushed over his good … More

    The Unknown Summit: Key Players in Latin America Move Toward Economic Unity

    calderon_feature

    Last week, in Merída, Mexico, the leaders of Chile, Mexico, Peru, and Colombia met to affirm their shared commitment to economic integration, growth, and competitiveness. You may not have heard of the summit. In fact, a Google search of recent U.S. news articles covering the meeting of the “Pacific Alliance” … More

    Fact-Checking President Obama on "Trickle-Down" Economics

    obama-at-g20-11-3-2011

    In a recent speech in Kansas, President Obama launched a diatribe against “trickle-down” economic policies. Not only did President Obama mischaracterize conservative tax policy, but facts rebut his claim that these policies have been a failure. The President began by invoking his understanding of conservative economic philosophy: “If the winners … More

    The Middle Class Tax Relief and Job Creation Act

    rotunda

    On Friday, December 9, 2011, Representative Dave Camp (R-MI), with several cosponsors, introduced H.R. 3630, the “Middle Class Tax Relief and Job Creation Act of 2011.”  The 369-page bill consists of six titles, main elements of which are discussed below. Title I of the bill gets the government out of … More

    The Hunt for a Missing Government Witness In a Criminal Prosecution

    U.S. Supreme Court

    Critics of the Supreme Court of the United States sometimes say that the Court is hopelessly divided on the issues and does not mean what it says in its opinions.  But a decision handed down today helps put the lie to both criticisms.  Not only was the Court unanimous, but … More

    'Occupy' Protesters Shut Down West Coast Ports as Violence Looms

    Demonstrators gather at a gate to the Port of Oakland

    Occupy protesters across the West Coast began blocking major ports on Monday in protest of “exploitation by capitalism,” as one protestor put it. Beginning at about 8 a.m. Eastern time, the protests are attempts to shut down ports in numerous cities from Anchorage to San Diego. The specter of violence … More

    Arizona's Immigration Law Gets to the Supremes

    supreme-court-facade

    In a decision that should cheer those who believe in the rule of law and want to see our federal immigration laws enforced (despite all of the efforts of the Obama Administration to prevent that from happening), the Supreme Court today accepted Arizona’s petition for certiorari in the lawsuit filed … More