Fed Toys with Ratcheting Up the Credit Crunch

By Steve H. Hanke

When the Basel I accords, mandating higher capital-asset ratios for banks, were introduced in 1988, they were embraced by the administration of President George H.W. Bush. With higher capital-asset ratios came a sharp slowdown in the money supply growth rate and—unfortunately for President George H. W. Bush and his re-election campaign—a mild recession from July […]

Fed Toys with Ratcheting Up the Credit Crunch is a post from Cato @ Liberty – Cato Institute Blog

NSA’s Marching Orders to Congress: Deceive the Public, Praise NSA Effusively

By Julian Sanchez

Blogger Mike Masnick recently came across a series of talking points that the National Security Agency provided its putative “overseers” on the congressional intelligence committees back when it first became known that President George W. Bush had authorized an unlawful warrantless surveillance program.  (These talking points have apparently been publicly available for some time, but […]

NSA’s Marching Orders to Congress: Deceive the Public, Praise NSA Effusively is a post from Cato @ Liberty – Cato Institute Blog

Does HHS Have the Authority to Tax Health Premiums in Federal Exchanges?

By Michael F. Cannon

Remember how an adviser to the federal Department of Health and Human Services said the department would have to “get creative” on funding federal health insurance exchanges, because states were refusing to create their own and ObamaCare provides no source of funding for federal exchanges? Well, HHS released its very creative response in a Friday news dump today, and […]

Does HHS Have the Authority to Tax Health Premiums in Federal Exchanges? is a post from Cato @ Liberty – Cato Institute Blog

The Usual Anti-WTO Suspects

By K. William Watson

A news article out today from the McClatchy news service reports growing opposition in the United States against the WTO after a series of politically popular laws were found earlier this year to be inconsistent with international trade rules.  It’s true that the federal government will face some tough decisions in 2013 as it attempts […]

The Usual Anti-WTO Suspects is a post from Cato @ Liberty – Cato Institute Blog

I Have Been False*

By Michael F. Cannon

*According to PolitiFact. In an unconscious parody of everything that’s wrong with the “fact-checker” movement in journalism, PolitiFact Georgia (a project of the Atlanta Journal-Constitution) has rated false my claim that operating an ObamaCare Exchange would violate Georgia law. (For some of the “fact-checker” genre’s greatest worst hits, see Ben Domenech’s top 10 list.) PolitiFact’s analysis is one-sided. It […]

I Have Been False* is a post from Cato @ Liberty – Cato Institute Blog

French President Demands and Gets Firing of Opposition Editor

By Walter Olson

According to the New York Times, French Socialist president François Hollande demanded and received the dismissal of the editor of Le Figaro, the country’s leading conservative newspaper. If that sounds impossibly high-handed, consider the background, as reported in the Times: The publisher, Serge Dassault, is a senator from [ousted President Nicolas] Sarkozy’s political party [and […]

French President Demands and Gets Firing of Opposition Editor is a post from Cato @ Liberty – Cato Institute Blog

Paul Krugman’s ‘Remarkable Success Story’ in Latin America

By Juan Carlos Hidalgo

Remember back in May when Paul Krugman described Argentina’s economic model in the last decade as a “remarkable success story”? Today La Nación of Buenos Aires reports [in Spanish] that Argentina will have the worst record in terms of inflation and growth in South America in 2012. The Argentine economy will barely grow 1% this […]

Paul Krugman’s ‘Remarkable Success Story’ in Latin America is a post from Cato @ Liberty – Cato Institute Blog

Carbon Tax Follies

By Chip Knappenberger

Global Science Report is a weekly feature from the Center for the Study of Science, where we highlight one or two important new items in the scientific literature or the popular media. For broader and more technical perspectives, consult our monthly “Current Wisdom.” There seems to be a noticeable murmur around town about a carbon […]

Carbon Tax Follies is a post from Cato @ Liberty – Cato Institute Blog

Spending Has Been Cut to the Bone

By David Boaz

I’m always hearing that spending has been cut to the bone; we need to raise taxes, because there’s just no more fat in the budget, federal, state, or local. Here are a few stories I read last night that might just lead you to a different conclusion. In the Washington Post . . . A […]

Spending Has Been Cut to the Bone is a post from Cato @ Liberty – Cato Institute Blog

Your Thanksgiving TSA Update

By Jim Harper

On this, the storied biggest travel day of the year, it’s worth reviewing the latest TSA news. Will your checkpoint pat-down soon be administered by a TSA agent in short pants? That’s one of the employment conditions the TSA employees’ newly elected union might push for. TSA’s unionized workers will now pay about $16 million […]

Your Thanksgiving TSA Update is a post from Cato @ Liberty – Cato Institute Blog