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The Greek tragedy began in 1981 when PASOK, the Pan-Hellenic Socialist Party, won the national elections. Andreas Papandreou, who had been a member of the Greek Communist Party and had received his Ph.D. in economics at Harvard in 1942, founded and led PASOK. He had published significant scholarly works with a Keynesian slant and served as chairman of the department of economics at Berkeley.
He had returned to Greece in 1974 and campaigned on redistributing wealth, raising wages for the working classes, and increasing productivity, while attacking America (he is alleged to have kept his American passport), NATO, and the European Economic Community, or EEC, predecessor of the European Union established in 1993, which was in its initial stages. He became prime minister in 1981.
Despite the demagogic rhetoric Greece not only remained in NATO but joined the European Community. It proved to be a disastrous marriage. Papandreou, whose statist policies were attractive to the European Community, immediately negotiated a $1.75 ...
No, They Can’t: Why Government Fails — But Individuals Succeed by John Stossel (New York: Threshold Editions, 2012), 324 pages.
John Stossel is the well-known host of Stossel on Fox Business. A graduate of Princeton, he has won an incredible 19 Emmy awards, is a five-time honoree for excellence in consumer reporting, and is a New York Times bestselling author. He was formerly the cohost of ABC’s 20/20 until he “jumped” to Fox before his “liberal” producers at ABC had a chance to fire him.
Yet, as Stossel writes in his latest book, No, They Can’t: Why Government Fails — But Individuals Succeed, “many at Fox disagree” with some of his ideas as well. He even acknowledges that some of his beliefs “are abhorrent to many Fox viewers.” That is because Stossel is neither a modern liberal nor a conservative; he is a libertarian. As a libertarian, he views the proper scope of government as “small and limited,” values “individual ...
I’m on the road again this week doing our Southwest speaking tour — Yuma, Phoenix, and Dallas, so blogging is likely to be periodic rather than daily. Details on the events are posted below. Admission is open to the public. The Yuma event costs five dollars. The Phoenix and Dallas events are free. If you’re in any of these areas, we’d love to have you join us for some enjoyable intellectual events to discuss the critical issues facing our nation—and what we can do to get America back on the right track, toward freedom, peace, and prosperity.
Last Thursday, I spoke to another chapter of the Young Americans for Liberty (YAL), this one at the University of Wisconsin at Madison. However, I wasn’t there personally. I spoke via the Internet to an audience of students in an auditorium at the school. The experience worked great. I could see the audience on my laptop and they could see me on a ...
