The Failure of Central Planning Lite
Posted in Main Blog (All Posts) on July 30th, 2011 4:31 am by HL
The Failure of Central Planning Lite
Robert Tracinski, RealClearMarkets
Robert Samuelson recently described the current economic upheaval as “the crisis of the old order,” a collapse of the economic dogmas and institutions of the past few decades. I was particularly struck by one of the items he lists as the pillars of the old order, “faith in routine economic expansion.” Except that this doesn't describe what he's really talking about. What he's actually talking about is faith that government officials can manage and control economic growth. “Economists exaggerated their understanding and control. They seem to have…
Tea Party’s Terrorist Tactics
William Yeomans, Politico
It has become commonplace to call the tea party faction in the House “hostage takers.” But they have now become full-blown terrorists.They have joined the villains of American history who have been sufficiently craven to inflict massive harm on innocent victims to achieve their political goals. A strong America has always stood firm in the face of terrorism. That tradition is in jeopardy, as Congress and President Barack Obama careen toward an uncertain outcome in the tea party- manufactured debt crisis.
The President Is Not on the Sidelines
Jonathan Capehart, Washington Post
The headline of Jackie Calmes’s “White House Memo” today in the New York Times is a source of great consternation and agitation for me. “President on Sidelines in Critical Battle Over Debt Ceiling” reflects the Beltway meme that President Obama is invisible in this epic fight over raising the debt ceiling. That he was pushed off the stage by Congress to get this done. As the chatter in the echo chamber reinforced itself, folks glossed over or forgot that the president ordered Congress to come up with a plan. At a dramatic,…
