Those who think that inequality is the most important problem should be cheering this news. from Powerline POSTED ON DECEMBER 13, 2011 BY JOHN HINDERAKER IN ECONOMY HARD TIMES FOR THE ONE PERCENT The share of income received by the top 1 percent – that potent symbol of inequality – dropped to 17 percent in [...]
Money is the barometer of society’s virtue. When you see that trading is done, not by consent, but by compulsion- when you see that in order to produce, you need to obtain permission from men who produce nothing- when you see that men get richer from graft and by pull than by work, and your [...]
I am guilty of associating freedom with democracy. Thomas Sowell writes in his book The Thomas Sowell Reader that there is a distinct difference in the chapter ‘Freedom Versus Democracy.’ Democracy and Freedom are too often confounded. Britain itself did not have anything cloze to democracy until the Reform Act of 1832. But it had [...]
This picture of the Occupy Wall Street crowd shows a picture of Goldman Sachs CEO Lloyd Blankfein with his head on a stick. Where is the call for civility from our leaders? How would such a display have been covered had it appeared at a Tea Party rally? Right wing radio talk shows were blamed [...]
Elizabeth Warren is running against Scott Brown in Massachusetts. She has elicited praises from liberals for her comment that “no body got rich on their own.” She added “part of the underlying social contract is you take a hunk of that (your profits/ earnings) and pay forward for the next kid who comes along.” Jeff [...]
Thomas Sowell writes Best Way to Aid Economy? Just Do Nothing in the Investors Business Daily, 9/14/11. Excerpts: The grand myth that’s been taught to whole generations is that the government is “forced” to intervene when there is a downturn that leaves millions of people suffering. The classic example is the Great Depression of the [...]