Air travelers were outraged when the FAA announced that there would be flight delays because air-traffic controllers had to take furloughs as a result of sequester budget cuts. But there is another federal agency whose budget cuts Americans should be cheering—the Drug Enforcement Administration.
Greenspan took the Federal Reserve, which for years had been run by far more cautious and conservative men, and turned it into a machine for fine-tuning every aspect of the economy.
David Gordon gives a review of John R Lott's At the Brink: Will Obama Push Us Over the Edge?.
The real problem in our current regulated market is that due to government intervention in a cartelized tire industry, we now pay more for tires and there are fewer of them.
During the 2012 presidential campaign, President Obama made his now famous claim that “you didn’t build that” in reference to the infrastructure that businesses use to provide goods and services to customers.
The first Transcontinental’s were all creatures, not of capitalism or the private markets, but of government.
Crony capitalism and Keynesianism are just two sides of the same debased coin.
