Solyndra: Another Reminder

Solyndra update: “Estimates are $24 million of a $527 million government loan will be repaid, and that’s not a sure thing.” Of the half a billion dollars U.S. taxpayers loaned to Solyndra, it looks like we might get back $24 million. You’re right, that’s not good: Failed solar power equipment maker Solyndra LLC has sketched […]

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Moral Markets vs. Cronyism

“The link between economic liberty and public morality is not tenuous; it is clear and direct. Economic liberty exists where private property and the rule of law are respected.” In his book Defending the Free Market: The Moral Case for a Free Economy, Robert Sirico makes the cogent point that liberty cannot stand on its own; […]

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Calvin Coolidge on Taxes and Spending

“I want the people of America to be able to work less for the government, and more for themselves. I want them to have the rewards of their own industry. This is the chief meaning of freedom.” – Calvin Coolidge Here’s an old-school, presidential speech on taxes and spending by President Calvin Coolidge: One gem: […]

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George Gilder on "Wealth and Poverty"

“‘Wealth and Poverty’ author George Gilder on why economic policies that support entrepreneurial creativity will boost economic growth. One of the most influential economic books of the 20th century was “Wealth and Poverty” by George Gilder published in 1981 – it was considered the bible of Reaganomics and was eventually translated into 40 different languages […]

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Do we need more frugality?

Ben Franklin shares his wisdom with a young tradesman: Waste neither Time nor Money, but make the best Use of both. Does it apply today? Over at Reason, Anthony Randazzo argues that private debt is actually one of the leading culprits in the nation’s continuing economic malaise. He raises a good argument:  America’s economic pundits […]

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The Cronyism Culture: It wasn't always this way

Early in Mississippi’s history, its people understood the dangers of government being too cozy with business. Back in 1817, when Mississippi was admitted into the Union, Mississippians went to great efforts to prevent taxpayer dollars being used to benefit private interests rather than the general welfare. In fact they even wrote it into Mississippi’s first […]

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GRN Supports BPF on Kemper

Gulf Restoration Network joins BPF in challenging the cronyism of the Kemper plant. In an example of how challenging crony capitalism can be shared by different interest groups, Andrew Whitehurst over at Gulf Restoration Network celebrated Ashby Foote’s critique of the Kemper plant on his blog: “In this op-ed, Foote deftly explains how Mississippi Power […]

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