Thursday, July 10, 2014

Answering the Libertarian's Indictments on Iraq

Keeping the peace and honoring our service men and women is not warmongering.
Read the full article by Howard Hyde at:

Wednesday, June 18, 2014

Our Intolerable Success in Iraq

Of the opportunities in Iraq squandered in our national insistence on our own inadequacy or even evil, few rank as highly as religious freedom and plurality.
Read the complete article by Howard Hyde at

Tuesday, June 17, 2014

Peace Requires a Permanent Commitment

Achieving peace and democracy requires more than knocking down a couple of walls and bringing the boys home before Christmas.
Read the complete article by Howard Hyde at

Saturday, June 14, 2014

Obama and Maliki Sold Iraq Down The River in 2011

The Men Who Sealed Iraq's Disaster With a Handshake
Obama's rush for the exit and Maliki's autocratic rule ensured that much hard-won progress would not last.

Monday, June 02, 2014

Fire the Real Boss of the VA

Our veterans should not be held captive to any monopolistic agency.

Read the complete article by Howard Hyde at

Wednesday, May 21, 2014

A “Left-Right Alliance” Against Public Sector Unions?

Several vital public policy issues, among them corporate welfare, Crony capitalism, charter schools, pension reform and public employee union privileges, represent opportunities for sincere persons on both sides of the political divide to unite for reform.

Read the complete article at

Tuesday, May 20, 2014

Political Correctness Run Too Amok Even for the Grown-up Left

Conservatives and Republicans are appalled by the depths to which political correctness has sunk on college campuses, to the point where even a liberal's liberal like Robert Birgeneau, Chancellor of UC Berkeley, is considered beyond the pale because he cleared Sproul Plaza of Occupy protesters.
Dan Henninger of the Wall Street Journal documents the absurdities in Bonfire of the Humanities. Brett Stephens reminds the graduating kindergarteners that they don't have the right not to be offended, and that they'd better get over that soon in To the Class of 2014.
But to their credit, prominent intellectuals of the Left, notably of the New York Times, also see the ridiculousness and danger in how far the censorship has gone. While reserving their right to criticize (and freely exercising their skills of derision of) Republicans and conservatives, they too warn of the consequences of such a closed-eared public square. See the unsigned editorial Tongue-tied on Campus, Condi's Lesson, by Maureen Dowd and/or The Commencement Bigots, by Timothy Egan.

Maybe we can yet preserve a pluralistic society with a diversity of opinion.

Monday, May 19, 2014

India Gets Economics

The electorate of India has decisively rejected socialist welfare politics and corruption and instead embraced free-market Capitalism and growth.
Someone wake me when California voters do the same.

Read Howard Hyde's first article for at

Throw the!

The latest backlash against over-privileged public officials is taking the form of a bill known as the 'If our military has to fly coach then so should Congress' Act.
But elected official's perks are not the biggest problem. UN-elected and unaccountable arbitrary power is.

Read the complete article by Howard Hyde at

Sunday, May 18, 2014

Most Popular Week of March 11-17

Here below are the most popular posts on for the past week:

Bill's Bills May 2014
William Saracino digests the latest legislative mischief emanating from Sacramento.

Taxes, Pfizer and Hostility to Capital Freedom
Extortionists on one side of the Atlantic, protectionists on the other.

California’s Golden Goose Getting Throttled
In case you’ve been asleep for 30 years, California’s economy is not what it used to be.

U.S. Internet Content Censored by Putin?
Unfriendly foreign governments may be able to restrict what content is available not only to their own people, but even to Americans.

Lift the Campaign Finance Restrictions
Surely money is bad for politics? But the attempt to remove money from politics has backfired.

The Unholy Trinity of Public Sector Unions, Environmentalists, and Wall Street
Three unlikely allies create a moral hazard to the fiscal health of the state of California.

Clueless King of TARP Bank Bailouts Trumpets his Record
According to Thomas Freeman of the Wall Street Journal, by Timothy Geithner's own admission, he (Geithner) "didn't see the mortgage crisis coming and didn't grasp the severity of the problems after it occurred."

The Tarnished Brass State
Even liberals are now talking about making California a more friendly place for business... but only for hot and sexy ones. Why don't we dump crony socialism and give breaks to everyone instead?

Post-Obamacare Reform
Obamacare is now a dead letter. Here's what we have to do next.

The Capitalist Bibliography
The Top Ten Easy-to-Read popular expositions on economics and capitalism
The Top Ten Hardcore Scholarly Treatises on economics
The Top Five Most Dangerous Anti-capitalist Rants
Other Books of Interest

Wednesday, May 14, 2014

Taxes, Pfizer and Hostility to Capital Freedom

238 years since Adam Smith exploded the myths of beggar-thy-neighbor mercantilism in The Wealth of Nations in the same year as the United States declared independence from Great Britain, and 85 years since the Smoot-Hawley tariff precipitated the Great Crash, protectionists on both sides if the Atlantic are opposing and meddling in free international commerce.

The American drug company Pfizer wants to take over the British firm AstraZeneca. This would make Pfizer a U.K.-based company for tax purposes, effectively escaping an increasingly hostile and extortionist American tax policy. This of course does not please the US tax authorities. How dare Pfizer desert it's patriotic duty to cough up another billion?

Meanwhile, nationalist purists and unions in the UK object to this infusion of capital into their economy, largely because it gives them less control over other people's money. The general population of Britain should see through this phony concern for their well-being.

Read the complete article at The Wall Street Journal.

Tuesday, May 13, 2014

Clueless King of TARP Bank Bailouts Trumpets his Record

Timothy Geithner, Regional Federal Reserve President for TARP (2008) and Treasury Secretary 2009-13, is making news waves with his new book and double-down defense of his actions, 'Stress Test'. According to James Freeman of The Wall Street Journal, the man at or near the center of the $800 billion bank bailout had no private-sector finance experience prior to becoming President of the New York Federal Reserve Bank.

Also according to Freeman, by Geithner's own admission, he (Geithner) "didn't see the mortgage crisis coming and didn't grasp the severity of the problems after it occurred."

Those of us familiar with Austrian Business Cycle theory, including the Wall Street Journal editorial board circa 2007, could not have seen it more clearly if we were tied to railroad tracks with a locomotive bearing down on us.

To understand what I'm talking about, see: How the Business Cycle Happens, by Murray Rothbard.

[Aside to Rothbard/Rockwell/Ron Paul haters: Get over it. We're not talking foreign policy here.]

To see what Freeman is talking about, see his book review: The Man Who Knew too Little.

For the antidote to TARP bailout apologists, see Thomas Sowell's 'The Housing Boom and Bust' and/or John Allison's 'The Financial Crisis and the Free-Market Cure'.