America’s national debt exceeds $13 trillion. To put that staggering number in perspective, it’s more than $42,000 in debt for every man, woman and child in the United States. And, according to most estimates, our nation’s debt will skyrocket to more than $20 trillion by the year 2020. That’s more than [...]
Even government economists, including the ones who promoted the ‘Cash for Clunkers’ scheme a year ago, cannot possibly be so ignorant of the history and fundamentals of their own profession as to be unaware of the “Broken Window Fallacy,” first enunciated by Frederic Bastiat in his seminal Ce qu’on voit et ce qu’on ne voit [...]
Events in Arizona and right here in Michigan suggest that, perhaps, it’s time for libertarian reformers to adopt a new strategy.
We have spent decades pointing out the failures and boondoggles that inevitably follow when government undertakes to do what it has no business doing — charity being the most obvious and ubiquitous example.
But the fact [...]
It was probably a decade or more ago, back when I used to routinely watchdog my city council (”gadfly” would probably have been their critter comparison), that I shocked the city fathers and mothers by using my three-minute share of the Citizen Comment portion of the agenda to support our police chief’s request for funding [...]
“Proposition 8 fails to advance any rational basis in singling out gay men and lesbians for denial of a marriage license,” wrote U.S. District Court Judge Vaughn Walker in ruling the amendment to the California Constitution violates the U.S. Constitution.
The decision striking down the attempt by Golden State voters to enact their [...]
Advocates of a half-billion dollar, ”light-rail” train to run along Woodward Avenue from Hart Plaza to 8 Mile Road have been unusually candid about the anticipated demand for this government-subsidized Field of Dreams.
U.S. Secretary of Transportation, Ray La Hood, in Detroit this week to tout the stimulating, “Obama Bucks” contribution to the proposed project, [...]
It is a testament to the passion over the issue that in the midst of Michigan’s Depression-wracked economy, when Lansing leadership has reached such unprecedented heights (depths?) of incompetence and mismanagement that budgetary gridlock threatens a state government shutdown for the third time in the last four years, that tomorrow’s gubernatorial primary will turn on [...]
The coming showdown between the United States of America and the State of Arizona over the jurisdiction and authority of each with respect to enforcement of immigration law actually signifies not one but two kinds of constitutional crises.
The more obvious of these is over the governing document of our republic. Specifically, the meaning and implications [...]
Message from the lookout: “Iceberg — dead ahead!”
The “Investor Nightmare” headline story in today’s edition of the Detroit Free Press, describing the plight of a retired, Livonia couple who lost half a million dollars to a local Ponzi scheme, includes a sidebar that notes: “The U.S. Securities and Exchange Commission defines a Ponzi scheme [...]
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