August 15, 2012
Regarding the Aug. 14 Metro article " More relief proposed for some Md. casinos ": Let's be honest. Maryland is not holding a special session on gaming. It is holding a business meeting between a gambling company (owned by Gov. Martin O'Malley and the Maryland General Assembly) and the company's franchisees (Cordish, Caesars, MGM, etc.). Note that the company is a monopoly, since only it can legally award franchises. However, "monopolies are odious, contrary to the spirit of a free government and the principles of commerce, and...
September 26, 2012
Regarding the Sept. 25 Metro article " Council weighs limo regulations ": The fact that the D.C. Taxicab Commission is once again taking aim at the popular car service Uber is another indication that the city government rivals any second-rate regime when it comes to protecting the status quo at a cost to residents. Uber invented a better mousetrap, and the D.C. government wants to punish it for doing so, defying free-market principles and denying residents free choice. Uber uses smartphone technology that...
February 11, 2010 |
President Obama insisted that he and his administration have pursued a "fundamentally business-friendly" agenda and are "fierce advocates" for the free market, rejecting corporate criticism of his policies. "The irony is that on the left we are perceived as being in the pockets of big business, and then on the business side we are perceived as being anti-business," Obama said in an interview this week with Bloomberg BusinessWeek. "You would be hard pressed to identify a piece of legislation that we have proposed out...
October 10, 2008 |
The worst financial crisis since the Great Depression is claiming another casualty: American-style capitalism. Since the 1930s, U.S. banks were the flagships of American economic might, and emulation by other nations of the fiercely free-market financial system in the United States was expected and encouraged. But the market turmoil that is draining the nation's wealth and has upended Wall Street now threatens to put the banks at the heart of the U.S. financial system at least partly in the hands of the government.
June 29, 2012 |
I dare you to celebrate the Fourth of July without a hamburger. What food better conveys the values of life, liberty and the pursuit of happiness than an all-American beef patty, grilled in the sunny confines of a grassy back yard? A burger on the grill says: I have the day off to celebrate this great country, and I am going to relish it. Independence Day is a time to celebrate American values — those the founders laid out all those July 4ths ago and the ones we've come to embrace today.
March 28, 2013 |
Thomas M. Hoenig is vice chairman of the Federal Deposit Insurance Corp . Imagine if the United States had an airline industry in which the biggest carriers that fly both domestically and internationally received a larger government fuel subsidy than those flying only domestic routes. Unfair? Yes — and that's exactly how the U.S. financial system works. The fuel of the largest firms in our financial services industry is subsidized, and the public bears the cost.