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  • The Crushing Costs of Addressing the Crushing Cost of Health Care

    President Obama vows to “address the crushing cost of health care” by, among other things, “invest[ing] in electronic health records and new technology that will reduce errors, bring down costs, ensure privacy, and save lives.” Sounds great. Let’s take a quick trip across the Atlantic to see how that’s worked … More

    A Ray of Hope for the British Armed Forces

    There’s not been a lot of good news for, or about, the British armed forces recently. When the Economist asked, in its Jan. 29, 2009 issue, if the Army was losing its way, the story’s lead summed up their answer: “The British army suffers from lack of soldiers, lack of … More

    Subsidizing Media Studies Degrees Will Not Help the Economy

    Amidst the flurry of programs and initiatives that President Obama announced last night, one particularly unwise one has escaped substantial notice: his call for “America [to] once again have the highest proportion of college graduates in the world” by 2020. The experience of Britain since 1999 with a very similar … More

    Europe’s Answer to the Financial Crisis?: Bigger Government

    Right now, the world has too little capital, too few jobs, and too little growth. So what do Europe’s leaders want to do? Press for yet more job-killing regulation and more investment-stifling oversight, with a heaping helping of “global governance” on top. If this wasn’t so dangerous, it would be … More

    Britain’s Public Debt: Up By 1.4 Trillion Pounds This Week

    On Monday, if you accept the OECD’s figures, Britain’s public debt was 42% of GDP, or about 600 million pounds. Today, Britain’s public debt is about 142% of GDP, or about 2 trillion pounds. In one week, Britain’s debt has increased by 1.4 trillion pounds. That’s 2 trillion dollars of … More

    Britain’s Failing Credit

    Last week, Moody’s Investors Service warned that the increase in U.S. debt caused by the ‘Economic Stimulus’ Act could hurt the country’s AAA credit rating. According to Moody’s the public debt as a percentage of the total economy (GDP) will jump 21.6 percent, up to 62.4 percent of GDP by … More

    The Sports Stadium Lesson: Government Spending Doesn't Stimulate

    As baseball season rapidly approaches, we are reminded that between 1990 and today 18 cities have put up government money to help build new stadiums for their baseball teams. All of these government expenditures were justified on the exact same theory that the stimulus bill was: that government spending creates … More

    Don’t Ditch Winston

    The London Telegraph reports that Barack Obama has returned a bust of Sir Winston Churchill to the British government. The bronze by Sir Jacob Epstein would be worth hundreds of thousands of pounds, if it were sold on the open market. It was loaned by the British Government to President … More

    Lincoln’s Wish: Perpetual Peace and Friendship Between the U.S. and Britain

    As the world honors Abraham Lincoln on the 200th anniversary of his birth, it’s worth recalling one of the less well-remembered moments of his career: his letter on January 19, 1863 to “the Workingmen of Manchester,” responding to their earlier address and resolutions in support of the North. This was … More

    Dumb Power

    In the world of international affairs, popular phrases usually signify not thought, but its absence. Calls for ‘a new Marshall Plan,’ for example, are invariably made by people who know absolutely nothing about the original one. The appearance of these phrases is the surest proof that the speaker is content … More