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Economic and Political Thought
On L.A. Sidewalks: A Keynesian Cautionary Tale (for Both Parties)
By Pete Peterson, American Enterprise InstituteThe American, 09/03/2010
When several Republican governors questioned whether their states should receive federal stimulus funds as part of the 2009 bill, they were derided as mean-spirited, partisan, and in the opinion of House Majority Whip Jim Clyburn, racist. Their reason for turning down this supposed “free money” was that much of it was never free in the first place, but restricted by a number of mandates, which bound recipients to additional and ongoing expenditures. Seemingly a world away, in Los Angeles’ City Hall, another federal stimulus tale, more than three decades in the making, is coming to a controversial conclusion. Like all good Hollywood stories, this one is fraught with irony, using the mundane (in this case, concrete) to make some prophetic points about our policies and politics.
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Economic and Political Thought
How Can We Better Encourage and Reinforce the Most Entrepreneurial and Talented Among Us?
By Mitch Pearlstein, et al., Center of the American ExperimentSymposium, 08/13/2010
In an American Experiment symposium released last fall, 20 writers grappled with the question of what it would take for them to start or expand a business in a low-income neighborhood. A main rationale for that exercise was the economic fact of life that unless commerce in a neighborhood, or at least in its vicinity, is healthy, chances are that little else will be healthy either, including poverty rates, crime rates, and graduation rates, to pick just three gauges. The not-unrelated new question, considered here by 23 participants, is how we might better encourage and reinforce the most talented and entrepreneurial among us; a core motivation this time being the pivotal importance of creating many more jobs and much more wealth so as to enable the nation to make it through the coming decades of aging-boomer and entitlement-skewed exigencies.
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Economic and Political Thought
The Great Depression and Keynes’s General Theory: Chapter 5 from The Clash of Economic Ideas
By Lawrence H. White, Mercatus CenterWorking Paper Series, 08/09/2010
Why was the economy languishing through the 1930s? Several economic historians cite government policies such as the Smoot-Hawley tariff of 1930, the tax hike of 1932, and the NIRA along with similar policies as hampering market adjustments and thereby delaying recovery. In the 1936 book that he intended to largely revolutionize economic thinking, The General Theory of Employment, Interest, and Money, Keynes offered a very different explanation.
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Economic and Political Thought
The New Deal and Institutionalist Economics: Chapter 4 from The Clash of Economic Ideas
By Lawrence H. White, Mercatus CenterWorking Paper Series, 08/09/2010
In his first inaugural address Franklin D. Roosevelt declared that the federal government must treat the depression “as we would treat the emergency of war.” He was not speaking abstractly. Roosevelt was proposing to revive the Wilson administration’s command-economy measures from the First World War. Under Wilson’s measures of 1917-18 the federal government had imposed non-market arrangements on industry. Similar ideas were being tried after the Great War elsewhere in the world.
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Economic and Political Thought
The Evolution of Rule of Law in Hayek’s Thought: From Collectivist Economic Planning to the Political Ideal of the Rule of Law
By Steven D. Ealy, Mercatus CenterWorking Paper Series, 07/27/2010
Friedrich Hayek’s interest in the ideal of rule of law as the centerpiece of a free society grew out of his analysis of the nature of centralized economic planning. The development of rule of law in Hayek’s thought can be traced from his early studies on economic planning through his political analysis of economics and political life as contained in The Road to Serfdom to his lectures on The Political Ideal of the Rule of Law delivered in Cairo in 1955. These lectures became the core of The Constitution of Liberty, in which Hayek integrates his concern with rule of law with basic philosophical principles, on the one hand, and an analysis of approaches to public policy on the other.
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Economic and Political Thought
Give Us Liberty: A Tea Party Manifesto
By Dick Armey, Matt Kibbe, Harper CollinsBook, 07/16/2010
Former Majority Leader of the U.S. House of Representatives and leading organizer of the Tea Party movement, Dick Armey offers a Tea Party Manifesto: Give Us Liberty. Written with Matt Kibbe, President and CEO of FreedomWorks, Give Us Liberty defines the issues and agenda of the wildfire grassroots movement that is electrifying the nation, as it calls on fiscal conservatives to take back America. This groundbreaking manifesto is essential reading for tea party activists—or any American seeking to understand what the Tea Party is fighting for and what’s next for the movement.
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Economic and Political Thought
Reclaiming America: Why We Honor the Tea Party Movement
By Matthew Spalding, The Heritage FoundationWebMemo, 07/16/2010
The growing nationwide effort of American citizens called the Tea Party Movement has changed the landscape of American politics. In its civil protests and spirited opposition to the direction of American politics, these citizen patriots—many of whom were never before involved in political activity—reflect the civic virtues of popular participation, public discourse, and open dissent that are the very hallmarks of American self-government.
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Economic and Political Thought
The Moral Basis for Economic Liberty
By Robert Sirico, The Heritage FoundationFirst Principles, 07/14/2010
Defense of economic liberty without reference to morality will ultimately prove injurious to liberty itself. Rightly understood, capitalism is simply the name for the economic component of the natural order of liberty. It means expansive ownership of property, fair and equal rules for all, economic security through prosperity, strict adherence to the boundaries of ownership, opportunity for charity, wise resource use, creativity, growth, development, prosperity, abundance. Most of all, it means the economic application of the principle that every human person has dignity and should have that dignity respected.
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Economic and Political Thought
Athwart History: Half a Century of Polemics, Animadversions, and Illuminations
By Roger Kimball, Encounter BooksBook, 07/14/2010
For much of the postwar period, William F. Buckley Jr. was the leading figure in the conservative movement in America. Culled from millions of published words spanning nearly sixty years, Athwart History: Half a Century of Polemics, Animadversions, and Illuminations offers Buckley’s commentary on the American and international scenes, in areas ranging from Kremlinology to rock music. The subjects are widely varied, but there are common threads linking them all: a love for the Western tradition and its American manifestation; the belief that human beings thrive best in a free society; the conviction that such a society is worth defending at all costs; and an appreciation for the quirky individuality that free people inevitably develop.
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Economic and Political Thought
The Return of the Jeffersonian Vision and the Rejection of Progressivism
By Michael Barone, American Enterprise InstituteThe American, 07/14/2010
The major political development of the last 17 months has been an inrush of hundreds of thousands or even millions of Americans into political activity, symbolized by but not limited to the tea party movement. Tea partiers have adopted the language and in some cases even the costumes of the Founders. While the Progressives’ descriptions of a “horse and buggy” Constitution and their sense that giant auto factories and steel mills were the harbinger of the future seem tinny and out of date, the language of the Founders continues to resonate with the clear timbre of a silver spoon tapping a crystal glass. And so one can take satisfaction that most of our fellow citizens in our freeholders’ republic still hold these truths to be self-evident.
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Economic and Political Thought
The Patriot’s Guide: What You Can Do for Your Country
By The Heritage FoundationMarch 25, 2010
Get Involved • Practice the Virtues of Self Governance: 1) Be a responsible citizen; 2) Care for your family; 3) Practice your faith and defend your religious liberty; 4) Join organizations and volunteer in your local community; 5) Start a business and invest in America. • Voice Your Opinion: 1)...
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Economic and Political Thought
A Republic, If You Want It
By Matthew SpaldingMarch 01, 2010
Our federal government, once limited to certain core functions, now dominates virtually every area of American life. Its authority is all but unquestioned, seemingly restricted only by expediency and the occasional budget constraint. Congress passes massive pieces of legislation with little serious deliberation, bills that are written in secret and generally...
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Economic and Political Thought
Jim & Ellen Hubbard: Conservatives Should Engage Popular Culture
By The InsiderDecember 01, 2009
Jim and Ellen Hubbard are the founders of American Film Renaissance, an organization that celebrates timeless American values by producing, showcasing, and distributing films that promote freedom, rugged individualism, and the triumph of the human spirit. AFR has held five wildly popular film festivals, has launched a filmmaker training program,...
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Economic and Political Thought
American Renewal: The Case for Reclaiming Our Future
By Matthew SpaldingSeptember 09, 2009
If destruction be our lot, we must ourselves be its author and finisher,” Abraham Lincoln observed in 1838. “As a nation of freemen, we must live through all time, or die by suicide.” By any measure, the United States of America is a great nation. Thirteen colonies are now 50 states...
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Economic and Political Thought
Andrew Mwenda: Promoting Liberty, Holding Governments Accountable in Africa
February 18, 2009
Andrew Mwenda is one of the outstanding spokesmen for liberty, democracy, and free markets in Africa. He is the editor of the Ugandan news magazine, The Independent, which since its launch in late 2007 has become renowned for its reporting on corruption and incompetence in the Ugandan government. The government...
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Economic and Political Thought
The Uncertain Future of Capitalism
By John HoodFebruary 18, 2009
As the dogged tax collector for Louis XIV’s lavish public spending and burgeoning warfare state, Jean-Baptiste Colbert was one of the most powerful men in 17th century France and the originator of two memorable statements about the relationship between government and the economy. In one instance, he was revealingly blunt....
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Economic and Political Thought
Why Capitalism Is Good for the Soul
By Peter SaundersApril 17, 2008
There is probably nobody in Australia more committed to the proposition that capitalism is bad for the soul than Clive Hamilton. The executive director of the Australia Institute, a green socialist think tank, he is the author of books such as Growth Fetish and Affluenza, which have achieved some influence...
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Economic and Political Thought
The Insider, Winter 2008
January 18, 2008
In 1964, Barry Goldwater declared: "Extremism in the defense of liberty is no vice," and lost badly to Lyndon B. Johnson in the presidential election. In 1980, the United States elected Ronald Reagan President, and he declared in his inauguration that "government is not the solution to our problem; government...
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Economic and Political Thought
Defending Free Enterprise from Agenda-Driven Attacks
By Eric DezenhallSeptember 01, 2007
Since the collapse of Enron and Worldcom, not to mention the broader avalanche of corporate scandals, it’s open season on free enterprise. Inevitably disguised as crusades for the public good, attacks on businesses and free market think tanks are, in fact, highly orchestrated programs by a well-funded “crisis creation” industry...
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Economic and Political Thought
Fundraising: Helping Donors Find Solutions
By Kevin GentryMay 01, 2007
Isn’t fundraising just one degree of separation from selling used cars? Or would that be unfair to used car salesmen? Come on, now. You can and should be involved in fundraising for your favorite cause. Let’s say you’re already dedicating some portion of your life to advancing the free society through support...
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