It’s pretty clear that the issue of economic inequality is not going away as long as we’re being pounded with it every day by the political left in the middle of a presidential campaign. And why not? Several recent polls show that majorities actually favor government balancing of incomes to correct inequality. And a 2014 […]
Greek Tragedy
There is plenty of blame to distribute in the Greek drama that is unfolding. Let’s start with the basics. First, the entire concept of a European Union, much less a common currency, is flawed from the outset. How do you bring together 28 nation-states with centuries of conflict in their history, with very little commonality […]
Don’t Politicize the Internet
The Internet was the subject of an essay in the very first edition of The Texas Pilgrim. In April 2000 I wrote: Harold Furchtgott-Roth, a member of the Federal Communications Commission, feels strongly that the exploitation of telecommunications and e-commerce competition can’t be centrally managed and that we should allow thousands of “flowers to bloom” […]
Economic Growth is Decisive
Whatever the mix of the underlying causes of the election results, there is little doubt that lingering anxiety about the weak economic recovery was a major factor. In a Wall Street Journal opinion piece a couple of days after the election, Daniel Henninger identified it as the primary determinant of electoral outcomes–you preside over a […]
The Recovery Lumbers On
We are clearly at a point where our sanity is being put to the acid test, which is to keep doing the same things to jump start the economy five years after the end of the last recession and expect a different result. Some very bright and perceptive people have written and spoken voluminously on […]
Leave U. S. Internet Oversight Alone
What could we be thinking? To abandon our role as sole overseer of the Internet domain name system is not only dumb, it’s dangerous. Can you imagine how the power of sharing this oversight would almost certainly be used by China or Russia, just to pick a couple of our great friends for example? And […]
The Strategy of Envy
In his speech on economic inequality in early December 2013 and his recruitment of John Podesta as a senior advisor, President Obama signaled his strategy pivot to change the conversation from ObamaCare, Benghazi, the IRS, etc., to one of class warfare. I read the speech in its entirety and it is right out of Herbert […]
The Doctor Has Had Enough
Senator Tom Coburn is throwing in the towel on his political career in Washington, and we are all the worse for it, both because he is a really solid man and one of the rare public officials who have the convictions and temperament to begin to change the conditions that are driving him back to […]
The Pope as Economist and Reformer
Let me be clear up front: I generally like what I see in Pope Francis. He is no John Paul II in terms of gravitas, leadership charisma, or intellectual depth and he differs from Benedict XVI in his theological depth and his priorities, but he is very refreshing in his style of leadership as what […]
Policy Uncertainty and Economic Growth
William A. Galston is a frequent contributor to The Wall Street Journal editorial pages with whom I don’t always agree, for example, in his declaration in the headline to an article this summer that “government is a good venture capitalist”. But his recent essay on federal policy uncertainty and its impact on the growth of […]
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