Archive for February 2013

The most important economics lesson Americans really need to learn

It is this: Government spending depresses the economy.  Most of us have had it pounded into our heads that government spending stimulates the economy.  No, it depresses the economy.  Government has to spend some money.  That can’t be helped. But it must be kept to a minimum because a strong economy enables the people to…

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One of these days Obama is going to jump the shark

I don’t know if this is that day, but Republicans are starting to show a little backbone.  It appears that Obama’s shameful slamming of them on TV yesterday is not going make them cave on the sequester.  Remember, if you forgot, the sequester was Obama’s idea from the start. Obama went completely nuts yesterday and…

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Fifty years ago gun laws were more carefully considered, and the legislators were more knowledgeable

In 1961, for the first time in aviation history, Congress enacted legislation to prohibit carriage of an accessible concealed weapon aboard an aircraft. A history of the law is contained in Firearms, The Fourth Amendment, and Aircraft Security by Stephen Halbrook. I’ve been reading the legislative history and the transcripts of hearings in congress when…

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Joel Kotkin: The Age of Bernanke

From the Orange County Register: All this is reminiscent of something out of the declining days of the Roman Empire. The masses get bread (food stamps) and circuses, with virtually all of Hollywood and much of the media ready to perform on cue. The majority, losers in the Bernanke economy, lack the will and, maybe,…

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Dan Baum in today’s WSJ — way off target

[Warning: another long post, 1927 words. Sorry.] Today’s Wall Street Journal Review section leads with a story by Dan Baum titled, “A Gun Lover on Why Our Gun Debate is Way Off Target.” The title left me optimistic that something insightful about guns and gun owners might be found here. I became suspicious though when…

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The “Obama Doctrine” on foreign policy takes shape

[Warning: long post, 1490 words.  Scroll down for other posts] Historians and pundits assign doctrines to presidents to describe the major aspects of their policies and achievements, especially in foreign affairs. For example, containment of Communism is said to be the Truman Doctrine. So now an “Obama Doctrine” on foreign policy has clearly taken shape,…

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