The term “crony capitalist” refers to a businessman who succeeds only because of political favoritism available only to political insiders. Probably the best in American history at this game is California’s Elon Musk.
Peter Ferrara | All Articles
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Peter Ferrara is General Counsel and Principal at the Raddington Group. He served in the White House Office of Policy Development under President Reagan, and as Associate Deputy Attorney General of the United States under President George H.W. Bush.
It is easy for politicians to bash pharmaceutical companies for high drug prices and promise voters government can force those prices lower, without discussing the true consequences of such a policy. Self-described socialist Senator Bernie Sanders, 2016 candidate for the Democratic nomination for President, has introduced legislation to impose price controls on prescription drug medications.
NASA does not use American-made engines to launch satellites into orbit. That is done using the powerful, still operational, Russian RD-180 rocket engine.
The Scientific American reports that roughly 40 percent of today’s corn crop is used for ethanol made from corn, which is added to gasoline. That is more than the second largest use of corn, as feed for cattle, pigs and chickens, which consumes 36 percent of the annual corn crop. Is it wise to burn food for fuel, more than for feeding a hungry world?
The Left knows they can’t convince a free people to give up their freedom and prosperity for the failed doctrines of socialism. That is why they so desperately try to prevent conservatives from even speaking on the nation’s campuses.
The Fourth Amendment to the U.S. Constitution requires the government to obtain a warrant before it can conduct a search and seizure of private property. To get a warrant, the federal government must have probable cause, which means it must have good reason to suspect the property being searched contains evidence of a crime.
Music licensing monopolists like ASCAP and BMI, which control 90% of all recorded songs and reap billion dollar annual incomes, have been trying to undermine the music licensing laws on this country’s books for years. But never before have their guns been blazing so flagrantly at a sitting public official.
Just repealing Obamacare would get rid of the anti-middle class individual mandate, the anti-jobs employer mandate, and all the other federal regulations that have caused health insurance premiums to soar. This would be a highly popular start, freeing workers and their employers to buy the health insurance they want, rather than the government forcing them to buy the high cost plan bureaucrats insist they must have.
Retailers have used “bait and switch” deceptive advertising tactics for decades. The old trick was to advertise sales on their merchandise supposedly with sharp markdowns. But once you came into the store looking to buy merchandise at the advertised sale price, you would be told that the advertised sale items were all sold out. The store’s sales force would be trained, however, to try to switch you to buy some other merchandise which was supposedly “on sale” for a good price.
Music is protected by federal copyright law. Which means that everyone who wants to play or listen to music, from radio stations, to restaurants and retail stores playing background music, to music consumers who want to listen to music at home, must pay copyright license fees.
With $5 billion from the taxpayers in my pocket, I could be a robber baron industrial mogul too. Billionaire Elon Musk prances around as the CEO or godfather of Tesla Motor Company manufacturing electrical cars, Solar City manufacturing solar panels to make electricity, and SpaceX manufacturing space rockets to launch satellites into orbit.
Hillary Clinton told us last night that she is going to create 10 million jobs by increasing taxes by trillions of dollars to increase government spending by trillions of dollars. That is the real trickle-down economics. It is Hillary Clinton who thinks that increased taxes and government spending will trickle down to create jobs and economic growth.
Music is protected by federal copyright law. Which means that anyone who wants to play or listen to music, from radio stations, to restaurants and retail stores playing background music, to music consumers who want to listen to music at home, must pay copyright license fees.
Republicans are now bursting with specific health reform proposals to replace Obamacare. Last week came the report of the House Task Force on Health Reform appointed months ago by Speaker Paul Ryan.
Liberated by the digital revolution, modern consumers of music have a broad array of sources to choose from for their listening pleasure, such as Pandora, iHeartRadio, Sirius XM Radio, Apple, Spotify and many others. However, the Department of Justice (DOJ) is considering self-serving music industry proposals that would significantly change public policy from market competition serving consumers to monopoly serving narrow business interests. That threatens future listening options for music lovers.
Thanks to the technological miracle of “fracking," America now has the proven reserves to be the world’s number one producer of oil, number one producer of natural gas, and number one producer of coal. Imagine what that would be like for America’s own economy to include the world leading industries of all three of these crucial sources of energy.
Socialist One Party Rule in the state of Maryland had gotten so extreme that the state actually imposed a tax on rain, that had to be paid by state employers and property owners.
The electronic payments industry has revolutionized worldwide markets, making services like Amazon, Uber, Airbnb, and touch and pay systems possible. As the industry grows and innovates, consider the effects of this technology on the US economy.