• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Economics

    How to Bury Inconvenient News

    Washington Post assistant managing editor Eugene Robinson believes that anyone who opposes a federal government bailout of General Motors and Chrysler is a “lunatic.” So how does The Washington Post deal with the fact that their latest survey shows 55% of the American people oppose that very bailout? Well you … More

    Joseph Stiglitz Is a 'Lunatic'

    Well, that’s what The Washington Post‘s Eugene Robinson said. He didn’t say that word for word, but he might as well have. This is what he wrote: Despite the popular belief, lemmings don’t really hurl themselves off cliffs to reduce their numbers. That sort of behavior is seen only among … More

    Ford's UAW Contract

    Surely, some concessions can be made, right?

    The Net Neutrality Rorschach

    One of the key litmus test issues for the online left is support for ‘net neutrality’. Never heard of it? You’re not alone. As a  story in the Wall Street Journal exposed today, net neutrality’s biggest supporters can’t even agree on what the term means. In their story Google Wants … More

    A Minimum Wage Indeed

    University of California, Irvine Professor of Economics David Neumark and Federal Reserve Board Division of Research and Statistics Associate Director William Wascher have a new book, Minimum Wages, examine nearly two decades of evidence on the effects of minimum wage laws and conclude: Based on their comprehensive reading of the … More

    No Contradiction Here

    CNBC’s Maria Bartiromo has a must read interview with Rep. Barney Frank (D-MA) in Business Week. Bartiromo asks: Should GM (GM) acquire Chrysler? I’m not competent to say. I try to resist the temptation that too many of us in politics and the media fall into, which is telling people … More

    The Newest Neo-Hooverites

    So desperate for a government takeover of the U.S. auto industry, some on the left are now stooping to borrowing rhetoric from Vice President Dick Cheney to make their case for the bailout of Detroit’s Big Three. Commenting on Cheney’s warning that “If we don’t do this, [the GOP] will … More

    Stiglitz: 'Chapter 11 Is the Right Road for U.S. Carmakers'

    There is not a ton of common ground between the Heritage Foundation and Neo-Keynsian Joseph Stiglitz. But it appears we do see eye to eye on the auto bailout. Yesterday we explained why Bankruptcy Is the Best Way to Save the Auto Industry. Today Stiglitz writes in the Financial Times: … More

    TARP: Now A Slush Fund for Detroit?

    With the Senate’s rejection of a bailout for Detroit’s ailing automakers, there now comes word that President Bush is actively considering using funds allocated by Congress for the Trouble Asset Relief Program (TARP) to prop up the automakers for the time being. Such action would be wrong legally, wrong economically, … More

    The Auto Bailout: So Wrong in So Many Ways

    There’s been a lot of good discussion on the auto bailout over the past day or so. And by good discussion, I mean pointing out how utterly ridiculous an auto bailout is. Our own James Gattuso lays out Congress’s plan in his latest paper: “Eligibility for the program is limited … More