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Archive for July 31st, 2012

Creating Prosperity: Lessons From Milton Friedman

Posted in Main Blog (All Posts) on July 31st, 2012 11:08 pm by HL

Creating Prosperity: Lessons From Milton Friedman
Stephen Moore, WSJ
It's a tragedy that Milton Friedman – born 100 years ago on July 31 – did not live long enough to combat the big-government ideas that have formed the core of Obamanomics. It's perhaps more tragic that our current president, who attended the University of Chicago where Friedman taught for decades, never fell under the influence of the world's greatest champion of the free market. Imagine how much better things would have turned out, for Mr. Obama and the country.Friedman was a constant presence on these pages until his death in 2006 at age 94. If he could, he would surely be…

Culture Does Matter
Mitt Romney, National Review
During my recent trip to Israel, I had suggested that the choices a society makes about its culture play a role in creating prosperity, and that the significant disparity between Israeli and Palestinian living standards was powerfully influenced by it. In some quarters, that comment became the subject of controversy.But what exactly accounts for prosperity if not culture? In the case of the United States, it is a particular kind of culture that has made us the greatest economic power in the history of the earth. Many significant features come to mind: our work ethic, our appreciation for…

Investors Vote to Break Up the Banks
Charles Gasparino, New York Post
Last week, former Citigroup CEO Sandy Weill — the guy who created the megabank model — said he’d been wrong, that the big banks should be broken up. But what really unnerved the leaders of the nation’s Too Big To Fail institutions was that the markets reacted with a strong rally in bank stocks.In other words, the most important constituency in the bank-size debate — the investor — thinks smaller is actually better.

Plastic Bag Bans: A Feel-Good Eco-Fad
Todd Myers, RealClearScience
Across the country, cities are joining the latest environmental trend – banning plastic grocery bags. Concerned about the amount of plastic that reaches our oceans and the impact on wildlife, communities have decided that banning the bags is a simple and environmentally responsible approach. But is it? What does the science say? 

The Mysteries of Romney’s Finances
Michael Graetz, New York Times
PRESSURE is mounting for Mitt Romney to release more of his financial records. Mr. Romney has made public only his 2010 tax returns and has said his 2011 documents will be released soon. “That’s all that’s necessary for people to understand something about my finances,” he said recently. He is “simply not enthusiastic,” he also said, about giving the Obama campaign “hundreds or thousands of more pages to pick through, distort and lie about.”But it is a good bet that Mr. Romney’s vetters have picked…