Politics & Culture
Top 10 Articles
William R Thomas
TNI December 2010 -- We’ve heard for years that the government’s deficit was too big. They said it of Reagan’s deficit and George W. Bush’s. But no government debt crisis ever came, nor should it have.
This time is different.
Tea-party and pro-economic liberty advocates in the Republican Party supported the nomination of Richard Mourdouck in Indiana and Todd Akin in Missouri for the US Senate. Both lost ignominiously in the 2012 election. They didn't lose because they favored economic freedom or smaller government. They lost because of their contempt for reality and mystic views on rape and conception.
"Crony capitalism." Wasn't that what caused the Asian financial melt-down of 1997? Wasn't that what we were all told?
Take a trip back in time. The U.S. stock market is booming. It's the '90s! But currencies are collapsing in Southeast Asia. Banks are failing. Unstable, corrupt, corporatist regimes in Thailand, Indonesia, Malaysia... they handed out benefits to too few cronies. They protected national champion firms. They manipulated their currencies to the breaking point. They were crony capitalists, and everyone knew it.
Sidebar article to: "America's Deficit Culture"
December 2011 -- Is U.S. government debt really hitting 100% of GDP soon? Or is the debt level actually closer to 65% of GDP at the end of 2010, as the Commission on Fiscal Responsibility and Reform reports?
The answer is: yes.
Okay, this is about the Egyptian "Election 2012," not the American one. But Egypt is learning a lesson that America would do well to remember.
Secular-leaning, educated, democracy activists succeeded in overthrowing Hosni Mubarak's dictatorship in Egypt last year. They wanted a free and democratic country. In the first round of presidential elections there this spring, they learned that freedom and democracy are not the same thing.
Ayn Rand has been a major inspiration for the Tea Party movement, which has swept a new generation of Republicans and self-described conservatives into power. Rand herself is often called “right-wing.” And her most famous defender, Alan Greenspan, was a consultant to Republicans and was nominated to chair the Fed by President Reagan.