Greece, Spain, Ireland, Portugal, and Italy (and California). In each case, the promise of more bailouts and a steady flow of cheap money only produced more reckless behavior, excessive levels of government spending, and record levels of debt.

It’s widely believed that JPMorgan Chase’s recent $2 billion–plus loss proves we need the comprehensive banking regulation called for by the 2010 Dodd-Frank law. Not only is that belief wrong, but the only way to minimize systemic damage from banking without stifling productive innovation is to end all guarantees and all barriers to competition.

Barack Obama had a black-letter day last week. In fact, May 8 may go down as the turning point in his re-election campaign — the day voters made it clear he would be a one-term President.

There were four pivotal events that day....

One of the skeletons in the Progressive Education closet is Scientific Racism, otherwise known as Eugenics, which the leaders of the Progressive movement enthusiastically espoused until the Nazis in Germany gave it a bad name.  

Is homosexuality really biologically induced? And, if it were, what would this mean for its morality? The operative principle here is simple: Biology doesn’t determine morality.

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