Interventionism

The oil price, the stock market, the yield curve, and other factors suggest the boom may be fading. But several quick steps to free markets would shorten the pain. 

Greenspan recently said he is not sure what the money supply is. But money is like any commodity: it has a supply and it can be counted.

OPEC is restricting production, but it's domestic taxes and regulations that keep gas and oil prices high. 

In 1958, John Kenneth Galbraith assailed American spending patterns. Consumers, he told us in The Affluent Society, spend too much on such fripperies as large tailfins on cars. 

The Gore and Bradley plans to "fix" health care will do nothing of the sort. Neither addresses the key problem of the current system.

Poverty, welfare and reason.

What's behind this new less-work-for-the-same-pay legislation is the 11.4 percent unemployment rate in France, a jobless rate that's been steadily expanded by the piling on of excessive labor regulations, government-mandated benefits and overblown taxation. The miracle here, if we're to believe the French socialists, is that an unemployment crisis that's been caused by too many government regulations will now be solved by yet another regulation.

The Clinton administration wasn't content with blowing up a pharmacy in the Sudan; now it wants to blow up hundreds of them on the web.

Pat Buchanan, protectionist, now says that US trade sanctions are counterproductive and should be repealed. Yes, but so should all restrictions on trade. 

According to the old "Global 2000" Report, the world was supposed to end in the next few weeks.