Democracy is the best way we know to choose leaders. Where individuals offering alternative visions or policies compete fairly and honestly for leadership, governments are regularly refreshed and cleansed of corruption. And of course, true democracy is about much more than elections. It involves the rule of law, political pluralism, …
In his State of the Union address, President Obama used innovation as one of the key words in elaborating his vision for America’s economic future. He embraced the word quite often during his speech, mentioning “innovation” eight times. If other variations of the word, such as innovate and innovative, are …
President Obama reportedly spent much of his meeting this week with Chinese Premier Wen Jiabao urging action to revalue the Chinese Yuan relative to the dollar. Simultaneously, Democrats in Congress are pushing a bill that would tack countervailing duties on Chinese imports in response to an alleged distortion of the …
In the often Orwellian world of government policy pronouncements, the Obama economic team is trying for new ground, with “self-sustaining” recovery, understood at least by the dictionary to mean “maintaining itself by independent effort,” now understood, according to Timothy Geithner and Lawrence Summers, as requiring extensive government support and intervention. …
A page on the Canadian Government’s G-20 Toronto Summit website promises payments to citizens “to mitigate adverse financial consequences” as a result of the meeting of world leaders June 26-27. Unfortunately, the adverse consequences being referred to are only those incurred as a result of the security precautions that shut …
The Greek financial crisis and its spillover effects in Europe provide a scary look at America’s possible economic future if we don’t get our economic house in order. Underneath the big bailout numbers ($146 billion rescue package for Greece; trillion dollar support for the Euro and European government bonds) are …
In recent days, some blogging friends from the left have commented on the U.S. dropping from “free” to “mostly free” in the 2010 Index of Economic Freedom, the Heritage Foundation’s data driven policy guide. The Huffington Post picks up on the long-term erosion of economic freedom in which both political …
