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William R Thomas

America's Deficit Culture

America's Deficit Culture

By 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.

Ayn Rand is Bad Taste

Ayn Rand is Bad Taste

By William R Thomas

Is Ayn Rand the epitome of bad taste?ayn rand atlas shrugged have you ever had a relationship end because of a book?

That’s the one thing the New York literary world can agree on, it seems.

BYD America - A Crony Capitalist Comedy

BYD America - A Crony Capitalist Comedy

By William R Thomas

 Reporting in the Huffington Post, Matt Sheehan relates a story that is both sad and hilarious at the same time. Laugh and cry along with me, as we survey this tale of green do-gooderism and crony capitalism gone wrong.

Christian-Liberty Alliance RIP

Christian-Liberty Alliance RIP

By William R Thomas

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.  

Crimea - Russian Nationalist Imperialism

Crimea - Russian Nationalist Imperialism

By William R Thomas

 Russia is annexing Crimea. The act, in both means and motive, announces to the world that nationalist imperialism lives. Ironically, Russia's annexation of Crimea is an unobjectionable result, even though it has been undertaken in the wrong way and for one of the worst of reasons.

Crony Capitalism: it's all-American now!

Crony Capitalism: it's all-American now!

By William R Thomas
Categories: N/A

"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.

Debt or Poker Chips?

Debt or Poker Chips?

By William R Thomas

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.

Do John Galt and Jesus Agree?

Do John Galt and Jesus Agree?

By William R Thomas

 On February 15, I participated in a panel called "Ayn Rand versus Jesus" at the International Students for Liberty Conference (ISFLC) in Washington, DC.

Egypt's Democracy Activists Get What They Wished For

Egypt's Democracy Activists Get What They Wished For

By William R Thomas

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.