Articles by Phil Kerpen
National Review Online | Technology
Network neutrality means less technological innovation — and less freedom, too.
By Phil Kerpen
Following the nationalization of investment banks, Fannie and Freddie, consumer banks, and private insurance companies, taxpayers are likely asking: What’s left for the federal government to nationalize?
How about the Internet?
Fox News Channel | Investment Taxes | Tax Reform | Television
Free Trade | Investment Taxes | Labor | National Review Online
The dangers of blaming free trade, low taxes, and flexible labor markets for our current troubles.
By Phil Kerpen
Blame for today’s financial panic can be assigned to a Federal Reserve that kept interest rates too low while a bubble inflated; unscrupulous lenders; people who bought homes they couldn’t afford; Wall Street wizards who overleveraged and wrote derivatives they couldn’t pay; and a Congress that set the policy goal of universal home ownership and recklessly grew Fannie Mae and Freddie Mac to pursue that goal.
But with so many real culprits out there, we cannot afford to blame the fake culprits of free trade, low taxes, and flexible labor markets. These are the fundamentals of a free economy. If we undermine them in response to the panic, we risk repeating the mistakes that followed another great panic and ushered in the Great Depression.
New York City Mayor Michael Bloomberg (former-Democrat, former-Republican, always-opportunist) is teaming up with City Council Speaker Christine Quinn to scrap democracy in New York city, overruling the twice-confirmed support of New York voters for a two-term limit, so that they and the other indispensable political geniuses currently holding city-wide office or City Council seats, can remain on the job during the difficult economic times ahead.
Capital Markets | National Review Online
Why not fund it with tax-advantaged private funds?
The surprising congressional defeat of the Treasury’s bailout plan triggered one of the worst stock market days in history, destroying trillions of dollars in shareholder wealth. The narrative that carried the day was that ordinary taxpayers shouldn’t pick up the tab for the excesses of Wall Street. But the half of American households that own stock may be surprised to see how much inaction costs when they read their next retirement-account statement, due soon with the third-quarter ending today.
Most members of Congress understand the gravity of the current seize-up in credit markets, but many bowed to political pressure from back home and voted against the rescue measure. Fortunately there is a solution that can solve both the political problem of putting taxpayer dollars at risk while getting credit flowing again and soothing the stock markets: Fund the rescue plan with tax-advantaged private funds.
Energy | National Review Online
On October 1, 2008, the congressional bans on domestic offshore drilling will at last expire.
By Phil Kerpen
With the clock ticking down to what some are calling “Energy Freedom Day” — October 1, 2008, when the congressional bans on offshore oil drilling and onshore oil-shale development are set to expire — anti-drilling Democrats have backed down from a high-stakes stand-off that could have caused a government shutdown and will now result in the complete demise of the drilling bans. This is a stunning victory for grassroots activists over environmental special interests and business-as-usual in Washington. If not derailed, it also will be great news for all American consumers.
Here’s a behind-the-scenes look at how the pro-drilling victory transpired.