Tag Archives: Margaret Thatcher

The Folly of Heroes

What a day for indignity. Just when I’d stopped shaking my head at the image of Paul Krugman accepting the Nobel Prize, I read two of my most cherished heroes offering rather embarrassing endorsements for bad things. Christopher Hitchens, always … Continue reading

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Tragic News for Leftists

Due to free markets, capitalism and freedom in general, the world is getting wealthier. The last quarter century has witnessed remarkable progress of mankind. The world’s per capita inflation-adjusted income rose from $5400 in 1980 to $8500 in 2005.Schooling and … Continue reading

Posted in Developmental economics, Domestic Politics, Education, Libertarianism, Milton Friedman Memorial Page, Peg's Page, regulation | Tagged , , , , , , , , , , | Leave a comment

Germany in the Black…for Now

Germany has finally balanced its budget after 38 years of failure. The cause is an export driven 2006-2007 boom. What constitutes an economic boom in Germany these days? 2.5% annual GDP growth. Quite a decline by the standard of West … Continue reading

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