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11:23 AM, Dec 12, 2012 • By MICHAEL WARRENGlenn Hubbard, appearing live on CNBC Wednesday morning, was struck by a falling piece of the set. Hubbard, who was the chairman of President George W. Bush's Council of Economic Advisers and an economic adviser to Republican presidential candidate Mitt Romney, was discussing the need for Congress to address the forthcoming entitlement crisis when a banner fell and hit him on the head:
Read more... Romney is behind, but there's time for a turnaround.12:10 PM, Sep 26, 2012 • By JOHN MCCORMACKCan a Republican candidate lose a debate on tax policy and win the presidency? The Romney campaign seems to think so.
Read more... What got us into this mess...and what can get us out. Sep 24, 2012, Vol. 18, No. 02 • By PETER J. WALLISONDespite—or because of?—continuing bad economic news, President Obama has doubled down on the argument that Mitt Romney and the Republicans will take the country back to “the failed policies that got us into this mess.” His argument is simple: While his policies haven’t (yet) worked, Romney’s (like Bush’s) would be worse.
Read more... Austan Goolsbee counters Democratic platform position.3:17 PM, Sep 5, 2012 • By MICHAEL WARRENCharlotte The former top economic adviser to President Barack Obama says spending cuts ought to be a part of deficit reduction, even though the 2012 Democratic platform explicitly states that tax hikes, and not spending cuts, should be the path forward on closing the budget deficit.
Read more... A market solution to the challenge of water supply. Jul 16, 2012, Vol. 17, No. 41 • By G. TRACY MEHAN III
No observer can ignore the news reports of searing drought in Texas, the competition for limited supplies of water among the booming cities of the Colorado River basin, or even the recurrent conflicts among Georgia, Florida, and Alabama, which rise and fall in intensity and duration almost in tandem with the rate of precipitation and the water level of Lake Lanier, a major source of supply for Atlanta.
Read more... Jul 16, 2012, Vol. 17, No. 41 • By PETER WEHNER
Barack Obama has an accountability problem. It’s not simply that during the 2008 campaign he made extravagant promises to heal the planet, slow the rise of the oceans, end political divisions in America, and usher in an era of hope and change. It’s that as a candidate and in the early days of his presidency, Obama and his top aides made a series of very specific promises on a range of issues.
Read more... 5:38 PM, May 8, 2012 • By GEOFFREY NORMANRemembering Friedrich Hayek, whose birthday is today. He was a philosopher and economist and wrote many wise things, including this:
There is all the difference in the world between treating people equally and attempting to make them equal.
George Orwell, no fan of capitalism, writing in 1944, made this point in a review of Hayek's The Road to Serfdom:
Read more... 12:00 AM, Mar 17, 2012 • By IRWIN M. STELZERIt’s better to be lucky than good. So goes the old saw. It’s better still to be both lucky and good, which is what Britain’s new ambassador here in Washington seems to be.
Read more... Westerners fall in love with the part of China’s economy that doesn’t work. Mar 19, 2012, Vol. 17, No. 26 • By DAN BLUMENTHAL
Read more... 3:03 PM, Nov 3, 2011 • By MICHAEL WARRENEarlier this week, a group of Harvard undergraduates aligned with Occupy Wall Street protesters made a statement yesterday by staging a “walkout” of an introductory economics course taught by conservative professor Greg Mankiw. Mankiw, who chaired the Council of Economic Advisers for President George W. Bush, says in a phone interview that about 5 to 10 percent of the 700-person lecture class (Harvard’s largest) walked out “very politely” just after noon on Wednesday.
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