Monthly Archives: June 2011

President Obama should immediately stop draining the Strategic Oil Reserve

President Obama has directed  that reserves from the nation’s Strategic Petroleum Reserve (SPR) be withdrawn to bolster current market supplies,.  The reserve’s capacity is 727 million barrels of oil. The reserve is at or near capacity. Construction of the SPR was authorized … Continue reading

Posted in News and politics | Leave a comment

New political order in the Greater Middle East

 The current wave of upheavals in Egypt,Yemen,Syria, Libya and other nations in the region will eventually yield new orders of government and political ideologies. It is yet too soon to tell whether these new governments will be free democracies or whether they will finally adhere … Continue reading

Posted in News and politics | Leave a comment

Capitalism-a powerful ideal

This is in response to recent opinion page commentary in the Las Vegas Sun  about capitalism and the free market system.  This is an important debate which needs increased attention in today’s economic and political environment, in which President Obama and … Continue reading

Posted in News and politics | Leave a comment

Capitalism 101–A dose of Adam Smith is good medicine for everyone

A quick course in Economics 101 regarding  capitalism, free enterprise and the works of Adam Smith, who many believe to be the father of capitalism, never hurt anyone.  Those who equate capitalism and free market enterprise with human envy, lust and greed avoid the … Continue reading

Posted in News and politics | Leave a comment

Las Vegas Sun Post on CAPITALISM

Those posters who equate capitalism and free market enterprise with greed avoid the reality that greed was a condition of human existence from the first human breath–long before Adam Smith and the Wealth of Nations. Capitalism is a very basic … Continue reading

Posted in News and politics | Leave a comment

Budget battle may get help from Adam Smith

  Both parties of Congress and the Obama administration are laboring at length to reach a deal on federal spending before a debt ceiling is settled. There is much debate over the best way to cut back on expenditures with the … Continue reading

Posted in News and politics | Leave a comment