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FDA \ free market \ genetically modified food \ regulation \ values
Fishy Dealings From the FDA
The FDA’s Presumption to Regulate Keeps Valuable Products off the Market The Christian Science Monitor recently published an article on the recent FDA hearings about genetically engineered (GE) salmon: “U.S. government food regulators pondered Monday whether to say, for the first time, that it’s OK to market a genetically engineered animal as safe for Americans [...]
China \ free market \ trader principle
China’s Growing Economy: a Value or a Threat?
China has reportedly overtaken Japan as the world’s second largest economy. Many react to China’s ascendance by warning that America is in “danger” of being “overtaken”. On this view, the fact that some people gain more means that others necessarily have less. This question was raised in a recent discussion on NPR: JOFFE-WALT: And I [...]
BP \ Clean Air Act \ environmentalism \ free market \ oil
Campus Media Response: The Freedom to Produce: Both Moral and Practical
In an article appearing in UC Berkeley’s Daily Californian, Andrew Glidden describes the scope of the absurdity of our nation’s current environmental regulatory system, from its recent prohibition of Kevin Costner’s oil salvaging machines, to the pending regulation of all carbon dioxide as a pollutant under the Clean Air Act. After suggesting that the cost [...]
BP \ economics \ energy \ free market \ Gulf Coast \ oil \ oil spill
Campus Media Response: Don’t Return to 1970s Economic Anemia
Lamenting BP’s oil spill in the Gulf of Mexico, Mark Costigan of the University of Oregon’s Daily Herald calls for an end to all offshore drilling. Faced with the objection that this would mean importing more of our oil, Costigan bites the bullet and says we should stop foreign oil imports as well: If oil [...]
employment \ free market \ immigration \ labor
Campus Media Response: Are American Workers Threatened by Immigrant Workers?
In a recent column for the Harvard Crimson commenting on the dubious legislation in Arizona that would make it easier for police to question people about their immigration status, Raúl Carrillo makes the following argument: Immigration reform, even during a recession, doesn’t have to put American’s citizen workforce and undocumented immigrants at odds. There’s more [...]
Barack Obama \ free market \ health care \ individual rights \ private property \ United Nations
Life, Liberty, and…Health Care?
Countless voices are claiming medical care is a right. Is it? Throughout the health care debate, Republicans and Democrats have argued over many points, such as which kinds of reforms would most effectively give all Americans access to health care and how much we should be willing to spend on such programs. Very few, however, [...]
capitalism \ Christianity \ economics \ free market \ John Galt \ regulation \ religion \ Republican \ welfare state
The Republican Party’s Identity Crisis
In the aftermath of the substantial Democratic victory in last November’s election, Republicans nationwide are reported to be doing a great deal of “soul searching.” Indeed they should. After all, times are not looking good for the Republican Party. Former President Bush left office with record-low support, and both houses of Congress, along with the [...]
bailout \ free market \ laissez-faire \ Sarkozy
What Laissez-Faire?
In response to the economic crisis now spilling over into the European markets, French President Nicolas Sarkozy called for an end to laissez-faire and an increase of government control over the financial markets. “Laissez-faire is finished, the all-powerful market that is always right, that’s finished,” Sarkozy said in a widely anticipated speech, his first in [...]
bailout \ Bush \ causality \ financial industry \ free market \ Great Depression \ greed \ Paulson \ pragmatism
Blank-and-Effect: The Economics of Pragmatism
In the latest of a series of new government interventions into the economy, President Bush announced a new plan to bail the financial industry out of hundreds of billions of dollars of bad assets. This follows an $85 billion bailout and effective takeover of the nation’s largest insurance company, as well as a several-hundred billion [...]
bailout \ capitalism \ Countrywide Financial \ Fannie Mae \ free market \ mixed economy \ socialism \ subprime
Mixed Economy, Decisively Bad Results
The Wall Street Journal recently ran an excellent editorial examining the bad business and corruption that arises “when you combine private profit with government power.” Created by an act of Congress in 1938, Fannie Mae is a government sponsored enterprise (GSE) that owns or guarantees nearly one half of the $12 trillion US mortgage market. [...]
