balance the budget

The U.S. faces yet another stalemate because the government ran out of money. Back in 2011, I wrote a comment (link) on this and it turns out things have not changed much after all. Only the numbers may need an update:

With all the fuss about the U.S. debt problem, here’s one proposal: Go back to the spending level of 2009. That year was not austerity. Not by a mile. But going back to that spending level, the budget for 2014 would be balanced instantly.

more or less innovative

For Uncommon Knowledge, Peter Robinson discusses whether the rate of innovation has decreased or not. His guest are PayPal founder and Stanford Professor Peter Thiel as well as Velocity Capital Management founder and journalist Andy Kessler.

Technology isn’t failing us, the government is getting in the way.

gates

Recently, Bill Gates went to Harvard for an interesting Q&A:

History always kind of oversimplifies. There were people who did things that completely failed but were very suggestive of the right answer.

find syria

It is a well-known ploy but still telling: John Stossel asks people at Times Square to point at Syria on a blank map (today 9PM ET). Apparently, many have no clue. Do you?

Find Syria

Find Syria

government and society

Great quotation by Frederic Bastiat:

Socialism, like the ancient ideas from which it springs, confuses the distinction between government and society. As a result of this, every time we object to a thing being done by government, the socialists conclude that we object to its being done at all.

private charity

Milton Friedman on the single most important side effect of social policies:

One of the things I hold against the welfare system most seriously is that it has destroyed private charitable arrangements which are far more effective, far more compassionate, far more person-to-person in helping people.

three branches

An interesting answer:

by Eagle Rising

(c) by Eagle Rising