Okay, the title’s an exaggeration, but this chart is rather revealing. It shows how per-capita GDP has changed between 1980 and 2008 in Chile, Argentina, and Venezuela. As you can see, Chile used to be the poorest of the three countries and now it is comparatively rich. Argentina has enjoyed a bit of growth. Venezuela, […]

Ronald Reagan would have been 100 years old on February 6, so let’s celebrate his life by comparing the success of his pro-market policies with the failure of Barack Obama’s policies (which are basically a continuation of George W. Bush’s policies, so this is not a partisan jab). The Federal Reserve Bank of Minneapolis has […]

I’ve always rejected coercive redistribution, particularly when imposed by the federal government. But some types of redistribution are worse than others, and when big business and big government get in bed together, ordinary people are the ones who get screwed. This is why Obama’s supposed “move to the center” is a bunch of nonsense. Tim […]

I’ve already posted about the nut who claimed that global warming was causing AIDS, so I guess I shouldn’t be too surprised that a writer for the New Republic says global warming may lead to genocide. But that may not be the silliest thing said by a left winger in the past couple of days. […]

In the real world, rational people know that companies will stop selling products if they are forced to lose money. In the political world, though, common sense doesn’t matter. Or at least it ranks far below other considerations, such as power, polling, fundraising, and spite. If you think I’m being too harsh, just look at what’s […]

It seems that reports of Castro’s conversion were premature.  While American politicians are learning from Castro how to tank an economy with reckless government intervention (not that there’s any other kind), Castro has apparently learned from our pols how to walk back an accidental utterance of the truth, otherwise known in political circles as a […]

Here’s a story for the better-late-than-never file. Former Cuban dictator Fidel Castro confessed that communism doesn’t work and that his nation’s economic system should not be emulated. Fidel Castro told a visiting American journalist that Cuba’s communist economic model doesn’t work, a rare comment on domestic affairs from a man who has conspicuously steered clear […]