Thomas Sowell is undeniably one of the most influential economists of our day. Below is his latest article, discussing the reasons why the economy, business, and labor markets remain sluggish --uncertainty due to Obama's policies. I have written on this topic before, but Sowell's … [Read more...] about Thomas Sowell: An Unusual Economy?
Archives for August 2011
It appears that Bill Gates is going the way of Phil Rizzuto and Ralph Kiner. For those of us old enough to remember, both Rizzuto and Kiner were the absolute pinnacle of professional baseball. They went on to become Baseball Hall of Famers and are regarded as two of the best … [Read more...] about Bill Gates Strikes Out
The New York pension system is out of control. In addition to the extravagant, irresponsible and under-reported negotiated levels of benefits, there is an additional characteristic of the system that is never talked about. There is a huge break that goes to New York retirees; … [Read more...] about NY Pension System Problems
My good friend Larry Reed over at the Foundation for Economic Education (FEE) has an old speech that is a "must read" for anyone who cares about a free economy. Below, I list his seven principles, but I urge you to follow the link at the end and read the piece in its entirety. … [Read more...] about Larry Reed: Seven Principles of Sound Policy
The S&P has downgraded our rating to AA+. Here is their press release, reprinted below in its entirety. TORONTO (Standard & Poor’s) Aug. 5, 2011–Standard & Poor’s Ratings Services said today that it lowered its long-term sovereign credit rating on the … [Read more...] about Downgraded