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Latest ArticlesThe Hayek Effect: The Political Consequences of Planned AusterityMay 17, 2012 • The American In 2010, Merriam-Webster's Dictionary named "austerity" as its "Word of the Year," noting that it had been the subject of more than 250,000 searches on its free website. This sudden flare-up of interest in austerity did not arise because large numbers of people suddenly decided to live like Trappist monks. Rather, it was owing to the austerity programs that the creditor nations of the European Union, led by Germany, had decided to impose on the EU debtor nations, such as Greece, Ireland, Portugal, and Spain. In return for a pledge to continue loaning the debtor nations more money, the creditor nations demanded that the debtors must in effect tighten their belts. This belt-tightening required slashing some of the government-provided benefits and social services that the citizens of the debtor nations have come to take for granted. It also took the form of higher taxes and lower wages.
The Occupy Movement and the Communism of Everyday LifeMay 7, 2012 • The American When the Occupy Wall Street movement began in 2011, it took as its motto the bracing claim: "We are the 99 percent." A year later, it is beginning to look more like the Occupy movement is simply another 1 percent, different of course from the 1 percent of the richest Americans that the movement set out to target, but no more representative of the average American than the likes of Bill Gates or Warren Buffett. How did this happen?
Science and the Republican BrainApril 30, 2012 • The American A new term of political opprobrium has been loosed upon the world: anti-science. Like many terms of abuse, it is easier to convey its meaning by an illustration than by a rigorous definition. For example, "If those damn Republicans weren't so anti-science, we might have a chance of dealing with global warming." Here's another example: "Those damn Republicans are so anti-science that they want to see creationism taught in schools."
Why ObamaCare Has Proved a Hard SellApril 9, 2012 • The American During a press conference on December 17, 1940, President Franklin Delano Roosevelt justified his highly controversial lend-lease program by offering a simple analogy. When your neighbor's house is on fire and he comes to you to borrow your garden hose, you don't say, "Neighbor, my garden hose cost me $15; you have to pay me $15 dollars." You simply give him the garden hose and say, "I want my garden hose back after the fire is over."
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