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  • Greek Drama Will Continue

    The deal reportedly reached Thursday to release another 130 billion euro bailout for Greece is just one more temporary fix. Greece will get enough new cash to avoid the messy default it faced a few weeks hence, and the pain of adjustment will be shared by private bondholders, who are … More

    Treasury Right to Reject Additional Funds for IMF

    IMF Managing Director Christine Lagarde has been talking up the need for greatly expanded resources to bail out ailing European economies. European nations have offered to channel about $200 billion of their own funds to themselves through the IMF (a kind of gentleman’s money-laundering to avoid restrictions in their own … More

    Jones Act Oil Waiver Symptom of Regulatory Overload

    The Obama Administration’s decision to waive provisions of the Jones Act last month when releasing oil from the Strategic Petroleum Reserve is typical of this Administration’s disregard for the principle of equal protection under the law when it becomes too inconvenient. For example, we’ve seen well over 1,000 waivers of … More

    Democracy and Economic Freedom: An Unbeatable Combination for the Middle East

    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, … More

    Mr. President, Being Innovative Requires Greater Economic Freedom

    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 … More

    Taxing Americans to Punish China

    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 … More

    UK Climategate Investigation Conclusion: Hiding the Decline was "Misleading"

    Many in the mainstream media are attempting to portray The Independent Climate Change E-mails Review, just released in the UK, as exonerating the researchers. In fact the main conclusion, buried under pages of rhetoric, confirms that data was presented in a misleading way. Here is the actual text of the … More

    Don’t Accept G-20 “Hope” for Real “Change”

    The willingness of some in the media to accept even the most vapid of statements from international leaders as evidence of major policy change provides evidence daily that reporters, like the rest of us, can let their hopes get in the way of their judgment. A case in point is … More

    G-20: For Obama Administration, "Self Sustaining" Now Means "With Government Help"

    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. … More

    Canadian Government to Reimburse Citizens for Damage Done by G-20!

    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 … More