“If the phone doesn’t ring it’s me” — Jimmy Buffett Are we having fun yet? Since peaking at 17,279.74 on September 19, the Dow Jones Industrial Average Index has lost 6.6% of its value. If you haven’t been investing very long, this is what it’s supposed to feel like. During bull markets it’s easy to […]
Archives for October 2014
Grin and Bear It No More
Would you know what to do if you, with only a knife and your wits, encountered a bear in the woods? Meet Mr. Elbert Guillory, state senator from Louisiana, who would suggest that you get in close, inside the bear’s paws and under its chin. Along with being a bear-killing state senator, Mr. Guillory is […]
Our Government is too Big, Way too Big
The Cato Institute’s David Boaz looks at the Hewlett Packard split up and asks what HP shareholders know that the American bureaucrats apparently do not about when big becomes just too big. One reason that government grows too big is what Milton and Rose Friedman called “the tyranny of the status quo.” That is, when a […]
The U.S. in a Geopolitical Minefield
The Cato Institute’s Ted Galen Carpenter asks if the U.S. is prepared to stay involved in a multi-decade regional Middle East power struggle. U.S. and Western officials like to portray the campaign to defeat ISIS as a struggle between the civilized world and a monstrous terrorist organization. As with most wartime narratives throughout history, that […]
Greetings from Paris
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Fence Jumping the White House
How did that guy jump the fence and get into the White House? Once again it’s not a spending problem. As Cato’s Chris Edwards points out it’s an accountability problem within the giant Department of Homeland Security. The Secret Service is scandal prone. It spends excessively on foreign presidential trips, and it has agents who get in trouble […]
Will Crashing Markets End Democrats’ Control?
Is the fate of the Senate hanging on the outcome of stock and bond markets? Turbulent markets are shaking investors’ confidence and putting the economic management of the Obama administration under a microscope. Will it affect Democrats in November? James Pierson at Real Clear Politics writes: The stock market correction may prove to be the […]
Last Chance Obama
Following the debacle of a Middle East foreign policy crafted by the Bush neocons, Barack Obama has tumbled down the same rabbit’s hole. The Cato Institute’s Doug Bandow outlines the quagmire Obama has gotten America into in Iraq and correctly suggests that Obama has one last chance to put an end to the folly of […]
How to Create Terrorists at Home
A thoughtful debate by Congress, not just by the president and his insiders, might get us to the root of the problem that is ISIS–that it’s not our problem. That is until our airstrikes-to-nowhere make it so. “With Tomahawks raining down on both sides of the Iraq-Syria border, it would be nice to have Congress debate the […]
Greetings from Gevrey-Chambertin
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