By Kevin Mooney — Voters will have the opportunity to express their policy preferences on controversial topics this Election Day through state level ballot initiatives that have been overshadowed by House and Senate races. If approved, these measures could help roll back big government schemes […]

“In fairness, Larry Summers did a heck of a job…” Barack Obama started to say of the performance of his embattled top economic advisor , who will be leaving the Administration before year’s end, amid high unemployment and slow growth. Comedy Central host Jon Stewart appreciated the irony of Obama giving his adviser, the architect of the $816 billion […]

By Kevin Mooney — Despite being heavily outspent, the proponents of Proposition 23 in California are within range of an election victory that could help unravel energy rationing schemes that originated in their state. Outgoing Republican Governor Arnold Schwarzenegger signed off the Global Warming Solutions […]

From Reason.com : (H/T Cafe Hayek )

“The math isn’t that complicated,” White House Deputy Communications Director Jen Psaki claims . She was speaking of the Obama Administration’s plan to convert the federal government’s preferred stock in American International Group, Inc. (AIG) into 1.653 billion common shares . The government currently owns about 80 percent of AIG because of the 2008-09 taxpayer multi-billion-dollar bailouts of the insurance giant, but the White House expects it will get all of the […]

The Bretton Woods monetary system, which was established after World War II and solidified the U.S. dollar’s place as the world’s reserve currency, is collapsing before our eyes. That’s too bad, because that status may be one of the last assets the American people have […]

By Kevin Mooney – On the surface, it is very easy for readers to sympathize with financially stressed families that may be evicted from their homes. But emotional appeals should not serve as a substitute for reporting on the economic consequences of government intervention that […]

By Kevin Mooney — Younger workers who are concentrated in fast food restaurants and coffee shops could find themselves out of work in a few months, if union organization efforts continue to catch on nationally. Several Starbucks locations have already succumbed to the demands set […]

The total taxpayer tab for the government bailout of Fannie Mae and Freddie Mac could total $363 billion under a worst-case scenario , according to the Federal Housing Finance Agency (FHFA). That scenario assumes further declines in housing prices, which many analysts are already predicting. It could even be worse than that, however. Right now, the Government Sponsored Enterprises (GSEs) that helped […]

By Kevin Mooney — Various free market organizations have expressed concern over the very real possibility that Democrats could force through damaging legislation during the “lame-duck” session after the election. However, Seton Motley, editor-in-chief, of StopNetRegulation.org , has offered up a compelling proposal that Tea Party […]