The recent multi-billion losses at JP Morgan have renewed calls to break up the largest banks and/or increase regulation of said banks. Such logic is not without its merits. The extensive federal backing of our largest banks, both explicit and implicit, reduces the market discipline facing these entities, resulting in considerable moral hazard and ultimately [...]
Senior Republican leaders from House Armed Services Committee Chairman Buck McKeon to Congressman Ron Paul have blasted the Obama administration’s proposed defense budget, announced in January, for its cuts to healthcare benefits for the U.S. armed forces. Congressman Joe Wilson declared that the proposals “break faith with the military, military families and veterans.” The [...]
The Ayn Rand Center for Individual Rights has opened its doors in Washington DC. Its founder ruminates on the sorry state of the economy, the slide towards socialism, and the drift of the Republican Party away from its founding principles.
The energy crisis is upon us. Should we cut back on energy usage, thereby curbing demand? Should we invest in alternative energy sources? Should we expand offshore drilling efforts? How about all of the above!
Ross Douthat and Reihan Salam’s Grand New Party plots out working class-friendly education reform packages. This does not mean they can’t be market-friendly too.
“Who in the hell would make a film about the national debt?” David Walker, that’s who.
Did the Bear Stearns deal set the stage for a wave of bailouts? A former senior official at the Fed says yes.
Hawaii’s congressional delegation wants the federal government to enshrine a racial purity test in law, roll back decades of social progress, and set the stage for the state’s eventual secession.
Source: AFF Doublethink Online | Joseph Hammond
Source: AFF Doublethink Online | Emma Elliott Freire