Foreign aid seems to many as the only answer for Iraq's shattered economy. Judging on the historical record of foreign aid, however, Iraq is in for a long, tumultuous ride. Because foreign aid is welfare for governments, the Iraqi project's success will largely depend on how little aid is given.
Some freedom-minded people pin their hope for liberty on withdrawing from an unfree world. We might refer to this as "economic secession." Despairing of advancing the cause of liberty in society at large, they hope to be able to secure their own liberty anyway. This approach is doomed to fail, write Paul Birch and Gene Callahan.
In the writings of modern evangelical environmentalists runs a disturbing theme: the idea that it is possible for a small group of individuals to improve upon our use of the environment through coercion. In the name of stewardship, they lay claim to control of every aspect of our lives.
How an old-line socialist in London succeeded in using free-enterprise rhetoric to pitch and impose a "congestion charge" that turns out to be a confiscatory tax. The attempt to manage congestion and pollution via central planning is now crushing business in London, writes Toby Baxendale.
The September 11th attacks hit no industry more directly than they did the airline industry. In 2001, this industry lost 8 billion dollars. It lost 9 billion in 2002, two thirds of which supposedly derived from 9-11. The Federal government has delivered 5 billion dollars in cash and 10 billion in loan guarantees to airlines affected by 9-11. This massive infusion of money and credit has yet to satisfy the appetites of airline executives.
When assessing the costs of the war in Iraq, the full costs, including the costs on the home front, must be considered every bit as much as the money costs. Sadly, the most expensive aspects of war, especially in terms of lost liberties and cultural decline, are usually the hardest to measure, and are therefore more easily ignored.
If popularity was the sole measure of success then D.A.R.E., the "Drug Abuse Resistance Education" curriculum that is now taught in 80 percent of school districts nationwide, would be triumphant. However, if one is to gauge success by actual results, then America's most pervasive and expensive youth drug education program is (and always has been) a gigantic and incontrovertible flop.
Almost exactly ten years ago, a National Commission on Social Security Reform headed by Greenspan proposed a package of benefit cuts and tax increases, which Congress enacted with little change, and which turned out to be one of the most oppressive—and underhanded—things Congress ever did to younger Americans over Social Security. It also failed to solve Social Security's long-term problems.
What can one say about this system with its huge problems, whose defenders now say it should be granted a 33% fare (tax) increase? The fare, after a series of perfunctory public hearings that most people will not attend because they are too busy trying to earn a living to pay New York's huge tax bill, will be hiked from $1.50 to $2.
