Just when you thought you needed another example of the law of unintended consequences, here it comes—this time from Federal telecommunications regulation. Amid the recent discussions of broadcast decency, á la carte, and media ownership at the FCC, few have noticed that the FCC is investigating an alleged scam of epic proportions. Soon after Woodrow Wilson finished making the world safe Read More ›
Why is the stock market still depressed? In one word, Washington. The Washington political class has engaged in a steady stream of actions and proposals over the last few months that would depress any economy and investor. To explain this, I shall begin with a digression. Last month, the president decided to honor the great Nobel Prize-winning economist, Milton Friedman. Read More ›
WASHINGTON, October 23, 2001 – “A strong economy is a must if the government is to afford to wage war on terrorism, strengthen our homeland defenses and mount major public health initiatives,” George Gilder told senior White House staff, Congressional leaders and journalists on Tuesday. “Broadband is crucial, short-term and long-term, to reviving this economy–and imperative if we are to Read More ›