Congress and the president are taking over an area of our lives infinitely more challenging and complex than the management of traffic signals and supermarkets, namely our health care system. Oblivious to the huge information problem in the allocation of resources, the people in Washington have great confidence that they can run our health care system better than we, our physicians and hospitals.
Amid sky-rocketing inflation and escalating shortages sparked by socialist policies, the authoritarian regime in Venezuela ordered a military “occupation” of certain businesses in a bid to force them to charge what authorities deem “fair” prices.
The White House released a claim that the October government "shutdown" will end up costing over $2 billion and puts the blame on conservatives.
The Standard & Poor's downgrade of France's debt to third tier signifies very little: "investment grade" for a socialistic disaster like France removes all meaning from the word.
Walter E. Williams examines the plethora of congressional Social Security lies.
If Atlanta's Mayor Kasim Reed had just followed the law and the court's ruling, his recent spat with street vendors would never have become national news.
Anyone who believed at the beginning of the last government shutdown that Republicans were going to stand on principle to the bitter end hasn’t been paying attention.
Like so many things that seem new, ObamaCare is in many ways old wine in new bottles.
The last standing primary lead smelter in the United States will be closing in December — thanks to the federal Environmental Protection Agency’s continuing war on American industry. As a consequence, the costs of batteries, ammunition, and hundreds of other lead-dependent products will climb.
Janet Yellen, President Obama's choice to head the Federal Reserve next year, is among a number of influential economists who would welcome a higher rate of inflation to boost a stagnant economy and reduce unemployment.