Even as the Dow sits above 10,000, the public remains justifiably anxious about the state of the economy. The Federal Reserve has worked overtime to convince the public that it has saved the economy from a…
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Income During Inflation by Steve H. Hanke
In his book, Wired for War: The Robotics Revolution and Conflict in the 21st Century , P.W. Singer — director of the Brookings Institute’s 21st-Century Defense Initiative — describes our use of lethal pilotless drone planes in Iraq and Afghanistan by noting that the pilots directing the drones are seated before a computer in Las Vegas. Interviewed by National Public Radio’s Terry Gross (Oct. 21), Singer said, “It’s like a video game.” And indeed…
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Unanswered Questions for Us at War by Nat Hentoff
While the US needs Pakistan to target the Taliban and China to protect the dollar and sustain recovery in the short term,it sees India as a long-term ally against Islamic terror and…
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Indo-US Ties: Important, Not Urgent by Swaminathan S. Anklesaria Aiyar
As Harry Reid’s health care bill …
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Obamacare Is Unconstitutional by Gene Healy
In “Capture or Kill? Lawyers eye options forterrorists” (National Public Radio, Oct. 11), exceptionally alert investigative reporter Ari Shapiro said: “Many national security experts interviewed for this story agree that it has become so hard for the U.S. to detain people …
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Obama’s Extra-Judicial Killers Subvert American Values by Nat Hentoff
This has been a very good year for charts and tables. Indeed, my 2009 GlobeAsia columns from January to November contain 20 charts and 11 tables. In what…
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2009 in Charts by Steve H. Hanke
As you’re watching the Raiders and Cowboys (or, for late eaters, the Giants and Broncos) butt heads this Thursday, ponder this: NFL teams don’t go for it enough. That can teach us a lot about more consequential fields, including foreign policy. The attachment to punting, at the expense of winning, shows how conventional wisdom discourages leaders from doing what is best for their teams, firms, and country. Consider the controversy that’s still raging in Boston: …
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Fourth and Long by Benjamin H. Friedman
Sometimes, not even a politician can be all things to all people. With Saturday night’s vote to bring Harry Reid’s health-care bill to the floor, “moderate” Senate Democrats like Ben Nelson (Neb.), Mary Landrieu (La.), and Blanche Lincoln (Ark.) had to choose between…
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‘Mod Squad’ Supporters Sold Out for Pork & Party by Michael D. Tanner
U.S. President Barack Obama continues to consider a major military escalation in Afghanistan. Instead, the president should rethink Washington’s objective. The goal should be to minimize international terrorism, not build an Afghan state. Conflict in Afghanistan has raged for eight years, yet “victory” looks ever more distant. White House Chief …
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Limits of US Power in Afghanistan by Doug Bandow
The Honduran constitutional crisis has been resolved. Maybe…
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A Crisis in Honduras? That’s Their Problem by Doug Bandow
Just in time for Thanksgiv ing, Sen. Harry Reid has given us a giant turkey of a health-care bill. At 2,074 pages and more than 370,000 words, it’s officially “scored” as costing $849 billion over 10 years — $400 million per page, …
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Truly a Turkey by Michael D. Tanner
Why did the unemployment rate rise so rapidly — from 7.2 …
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The ‘Stimulus’ for Unemployment by Alan Reynolds
Friends of federalism cheered last month when the…
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Obama’s Phony Federalism by Gene Healy
Immigration reform has been moving up the to-do list for President Obama and Democratic leaders in Congress. Our immigration system sorely needs an overhaul, and illegal immigration remains a perplexing problem, but the Democrats in Washington seem ready to repeat the mistakes of the past. In a speech Friday, Department of Homeland Security Secretary Janet Napolitano said the administration supports a “three-legged-stool” approach to reform “that includes a commitment to serious and effective enforcement, improved…
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Will Democrats Err in Immigration Reforms? by Daniel Griswold
Why did the unemployment rate rise so rapidly …
Friends of federalism cheered last month when the Obama administration reversed the Bush policy of prosecuting medical marijuana cases in states that have legalized the practice. Welcome though that change was, let’s hold the applause. Not yet a year into his administration, Obama’s record on 10th Amendment issues is already clear…
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Obama’s Phony Federalism by Gene Healy
Immigration reform has been moving up the to-do list for President …
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Will Democrats Err in Immigration Reforms? by Daniel Griswold
Do you think people who refuse to (or cannot for whatever reason) purchase health insurance should be subject to a $250,000 fine and/or five years in jail? Well, a …
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Clueless or Despotic? by Richard W. Rahn
Do you think people who refuse to (or cannot for whatever reason)…
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Clueless or Despotic? by Richard W. Rahn
European leaders are giddy like school children before Christmas. The European Union is about to install a president and foreign minister. Then, the European elite insist, the continent can act as a true counterweight to the U.S. The European Union began decades ago as a small organization for economic cooperation. Over time it expanded to 27 states…
