August 29, 2011 |
Don't expect anybody to throw a tea party, but Big Government finally got one right. On Monday, six years to the day after Hurricane Katrina destroyed New Orleans and obliterated the notion of a competent federal government, Federal Emergency Management Agency (FEMA) Administrator Craig Fugate offered an anecdote that showed just how different things were with Hurricane Irene. On the podium in the White House briefing room, he recalled the satellite images of Irene's path. "Do you remember seeing the satellite, how big...
December 30, 2009 |
CORRECTION: This column misidentified the Jim Manzi who authored the lead article in the winter edition of the magazine National Affairs. It was Jim Manzi, the executive chairman of Applied Predictive Technologies in Arlington, Va., not Jim Manzi, the former chief executive of Lotus Development Corp. and chairman of ThermoFisher. If you step back and look at the big economic policy issues-- health care, financial regulation, immigration, education reform, the budget deficit -- they appear to boil down to...
September 4, 2012 |
Some years, they speak of "the final eradication in America of the age-old evil of poverty," and then other years, the Democratic Party shifts its focus to "those who work hard, pay their bills, play by the rules . . . " In 1972 , the party promises "a guaranteed job for all," offering to "make the government the employer of last resort. " But 20 years later , the Democrats pivot and nearly apologize for themselves, appealing to "Americans who may have thought the...
May 26, 2012 |
Beneath all the folderol about job creation and destruction at Bain Capital or President Obama's alleged war against success and free enterprise, there's actually a legitimate debate to be had about what kind of capitalism we want in the United States. It turns out that capitalism, like ice cream, comes in many flavors. These different capitalisms can be combined, in the same way chocolate and coffee produce mocha. There are also all sorts of mix-ins and swirls that add to the variety.
June 10, 2013 |
The bane of Big Government, Sen. Rand Paul (R-Ky.), is inviting Americans to join him in a class-action lawsuit to stop what he says are unconstitutional invasions of privacy by the National Security Agency. "I'm going to be seeing if I can challenge this at the Supreme Court level," he declared Sunday on Fox News . Who would win Paul and 10 Million Citizens v. NSA ? Paul's first problem would be a lack of standing to sue in federal court. It's not enough to claim that the government is threatening your...
February 27, 2013 |
RICHMOND A display case in the lobby of the Federal Reserve Bank here might express humility. The case holds a 99.9 percent pure gold bar weighing 401.75 troy ounces. Minted in 1952, when the price of gold was $35 an ounce, the bar was worth about $14,000. In 1978, when this bank acquired the bar, the average price of gold was $193.40 an ounce and the bar was worth about $78,000. Today, with gold selling for around $1,600 an ounce, it is worth about $642,800. If the Federal Reserve's primary mission is to preserve...