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    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

    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

    A Telling Double Standard

    The British Government’s decision to ban Dutch MP Geert Wilders from entering the country is another chapter in Britain’s story of shamefully appeasing radical Islamists. Mr. Wilders had been invited by Lord Pearson of Ranoch to show his film, Fitna, in the House of Lords. Fitna is a short, online … 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

    It’s Beginning to Look a Lot Like the 1970s

    In Britain, London’s buried under eight inches of snow, the trains don’t work, the economy’s collapsing, and a Labour government’s put the nation deeper in debt that it has been in thirty years. The Adam Smith Institute, preferring to laugh instead of cry, jokes that it looks like the 1970s … More

    Nice Work, If You Can Get It

    We like to think of Britain, the U.S. and the rest of the Anglosphere as nations that reject the statist European economic model. But from 1997 to 2008, the government’s share of the British economy increased from 38.4 percent to 41.9 percent. This expenditure was funded by debt that the … More