John P. Cochran

Once a recession sets in, markets can only repair themselves if prices — including wages — are allowed to fall where necessary. The resulting increases in real interest rates are the key to spurring new economic activity.

If Senator Sanders was truly concerned with protecting the most vulnerable in society, he would be a leading advocate for repealing the minimum wage.

The GOP’s problem of establishing itself as the party of limited government has much more to do with action not rhetoric, framing, or sound bites. Actual actions speak much louder than words. The Republican power elite still remains, by action, a party committed to what is now called crony capitalism but should be more appropriately recognized as modern mercantilism, the unvanquished foe of liberty.