When President Obama told a Virginia crowd last week that “if you’ve been successful, you didn’t get there on your own,” he was right. His error was in the insinuation that the “somebody” who “made that happen” was the government. Success does require both “individual initiative” and “working together,” as the president said, but that […]
David Bier is a research associate at the Competitive Enterprise Institute.
The bankruptcy of Ener1, a “green energy” firm that got a $118 million stimulus grant, has brought the Obama administration’s commitment to sinking billions of dollars into alternative energy boondoggles back into the spotlight. Unfortunately, President Obama remains committed to continuing down this wasteful path, as his statements about energy in his recent State of […]
What is to blame for Americans‘ economic woes? Why, Americans‘ selfish desires, according to a school of thought that appears to be currently dominant in the White House. An excellent example of this line of thinking is former presidential economic advisor Robert Reich‘s recent article in the Financial Times, in which he claims America‘s “insatiable […]
The investigative journalists at the Carolina Journal recently discovered that North Carolina governor Bev Perdue had been receiving confidential employment data from the Department of Labor possibly days in advance of its official relief. As they pointed out, this was “quite likely in violation of federal law,” the Confidential Information Protection and Statistical Efficiency Act […]
The Occupy Wall Street protesters think government has become corrupt. While that’s possible, it’s not the main reason why government spending fails. Rather, it fails because bureaucrats have no method to distinguish a wasteful expenditure from a valuable one. In the market, profits and losses direct producers to invest only in those projects that create […]
Martin Luther King Jr. is now memorialized with an imposing statue on the D.C. National Mall. While the honor is long overdue, his legacy should not end with a statue. A fitting practical tribute would be to tear down legal barriers that continue to hinder the equality and opportunity he fought for. Three such policies […]