Start with a simple proposition: America does not have a healthcare problem. The services provided are the best on this planet, and people from around the world travel to its hospitals and clinics to seek treatment. If they can afford
Re: Euro Zone Must Defeat the Deflation Ogre, by Simon Nixon Dear Sirs: Simon Nixon does an admirable job of showing that “cronyism, corruption, and vested interests” are a greater threat to the Euro Zone nations that the so-called (by
Reprinted from City Journal Decay, when not carried to excess, has its architectural charms, and ruins are romantic: so romantic, indeed, that eighteenth-century English gentlemen built them in their gardens, as pleasantly melancholic reminders of the transience of earthly existence.
America’s War on Poverty had its golden anniversary last week. Unlike a marriage that lasts a generation’s time, the celebration for Lyndon Johnson’s other crusade was not exactly joyful. Intellectuals and academics still fret over first worlders stricken by destitution.
The technological impact Star Trek has had on our society can hardly be overstated. Inventors inspired by Gene Roddenberry’s vision were responsible for giving us such marvels as automatic sliding doors, flip phones and even tablet computers. Now, another classic
There are many limitations to the extent to which banks can expand credit. The main ones are (1) the limitation imposed by required reserves, (2) the limitation imposed by capital leverage ratios, and (3) the limitation imposed by liquidity requirements.
Labor union advocates are all in a tizzy over a recent court decision over what conditions of employment companies are legally permitted to require. The ruling permits employers to require that their workers agree to privately arbitrate all workplace disputes
Economists view the money creation process through two separate channels. Each has its own economic effects as well as risks. In the current fiat monetary system, central banks can increase the amount of base money through their open-market operations. The
Shortly before the Christmas holiday, beloved liberal stalwart Senator Elizabeth Warren introduced a bill in Congress to ban companies from performing credit checks on prospective employees. In a press release accompanying the bill, Warren reasoned that poor credit history isn’t
The current recession has one explanation in the lack of savings over the past decade. As Americans saved less, foreign funds had to flow into the country to fund the consumption- and investment-led booms. Now these borrowed funds need to