Unlike Greece, the U.S. economy is far bigger and more diverse. American institutions, not foreigners, hold most of America’s debt. Unlike Greece, which is tied to the European Central Bank, America controls its own currency and monetary policy. But writes the Cato Institute’s Michael Tanner, we have far too much in common with Greece for […]
Hillary Deciding Our Destiny?
Are you ready for Hillary? As NRO’s Charles C. W. Cooke asks, is she the “spirit animal of a washed-out and intellectually bankrupt generation?” (Hillary’s country is one) “in which tax rates can be set without reference to global competition; in which the taxi commission and the trade union are the heroes while the entrepreneurs […]
Blowhards Don’t Wear Well
“Does Donald Trump ruin the Republican brand,” asks Peggy Noonan in the WSJ. Well he certainly enjoys disparaging them and highlighting their weaknesses, while setting himself apart from Republican contenders. But Donald does have a real following, and not just among Republicans. In what Ms. Noonan describes as “anecdotal,” here is what several people said […]
Summer Reading: Winston Churchill and His Generals
In a harrowing story describing the agonizing days of WWII, Martin Rubin writes that no matter how many books you’ve read on Winston Churchill and his relationship with his generals, you will want to read Churchill and The Generals: 1939-45. Well-known British historian Mike Lepine has written an informative, concise, lively account that make the […]
Happy 85th Birthday, Thomas Sowell
Thomas Sowell, adopted by a family of four adults, grew up in Harlem and attended New York City schools, which he says were the best in the country in those days. Although I was raised by people with very little education, they were people who wanted me to get an education. They praised my every […]
Greek Myths
Greece wants to be prosperous without being competitive. It wants to run a five-star welfare state with a two-star economy; modernity without efficiency or transparency; wealth without work. Greece wants control over its own destiny—but it also wants someone else to pick up the check. In what the WSJ’s Bret Stephens calls a flight from […]
A Greek Tragedy’s Teachable Moment
With one in four adults unemployed and half of its young people out of work, who is going to pay for the fat pensions and cradle-to-grave welfare benefits that many Greek citizens consider a human right? Furthermore, who in Greece would want to work? According to the Cato Institute’s Alan Reynolds, the cascade of taxes […]
Public Servants or Public Masters?
The foundation of America’s freedom is the U.S. Constitution, which states that the federal government has only those powers specifically granted to it by the Constitution. All other powers belong either to the states or to the people themselves. SCOTUS, in its decision to uphold ObamaCare, ignored the actual words of the law—the words written […]
A Sharp Cut in Benefits or Massive Deficits?
From the WSJ’s Notable & Quotable: Ben Wattenberg: Never-born babies are the root cause of the “social deficit” that plagues nations across the world and threatens to break the bank in many. When a very large cohort of population (a “baby boom”) is followed by a very small cohort (a “birth dearth”), there will be […]
Voting Lockstep with the Left
The Supreme Court, writes Andrew C. McCarthy in NRO, is a reflection of the political class, of which it is very much a part. As the president rules unilaterally, the courts are there to give the administration the aura of legal rigor. King v. Burwell was not a constitutional case. Rather it was a simple, […]
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