In an article with the above title published in last weeks edition of The Spectator, Matthew Parris reminds us that things are not nearly as abnormal as some would have us believe, and the market is doing precisely what it is supposed to.
The market has not failed. The present
The chorus for nationalising America’s struggling banks is growing louder. There are no good options and certainly nothing resembling a free-market solution, says Gerald O’Driscoll Jr., a senior fellow at the Cato Institute.
Ideally, the administration would adopt the least-cost method for the taxpayer of resolving the failure of a
In confirming that he will let the Bush tax cuts expire, President Obama is discarding proven economic medicine. He is also bringing the discredited welfare state back to life, bigger than ever, says Investor’s Business Daily (IBD).
Heritage Foundation senior domestic policy analyst Robert Rector recently noted that the stimulus will
It's no secret the U.S. health care system has some room for improvement. On a per person basis, the United States spends more on health care than any other country. However, it doesn't even rank in the top 20, depending on who's doing the ranking, says Andrew Mickey, Chief Investment
Nationalisation appears to have worked well during the US banking crisis of the 1980s when the Federal Deposit Insurance Corporation (FDIC) recapitalised and took control of Continental Illinois Bank, which was then the country’s seventh largest bank. Today, however, the US 10 largest banking companies hold some two-thirds of the
