According to “supply-side” economics, the key to economic growth and prosperity is low marginal tax rates. However, the supply-side school also maintains that a low marginal tax rate will not be sufficient, that it must be accompanied by a monetary policy that aims at achieving price stability. The pillar of the proposed monetary policy is a gold-price rule, where the central bank targets the dollar gold price at a specified figure.
Poor Martha Stewart and Samuel Waksal, snared by arbitrary insider-trading laws that require information to be socialized. If one party knows more than others about a particular firm or industry, the SEC is perfectly able to rule that possessing--and acting upon--that knowledge is a crime.
The subject of financing the needs of an increasing portion of elderly people is a matter of growing concern in many countries. Given the current demographic trends, the established systems of social security are no longer viable to guarantee the standards of the past.
As a remedy, governments have initiated programs to foster private savings programs in order to provide a supplement to the governmental old age insurance systems. This way, old-age pension is said to gain an additional foothold, as the public pay-as-you-go system is accompanied by private capital-based systems.
Franklin Raines, speaking for the Bush administration, says that he is in the “American Dream business.”1 Raines is chairman and CEO of Fannie Mae, a corporation whose mission is “to tear down barriers, lower costs, and increase the opportunities for homeownership and affordable rental housing for all Americans.
The Death of the West: How Dying Populations and Immigrant Invasions Imperil Our Country and Civilization. By Patrick J. Buchanan. (St. Martin’s Press, 2002) 308 pages.
