A recent Federal Reserve Bank publication attacks state usury laws as "burdensome and inequitable" and indicates that they should be repealed. The purpose of state usury laws is to protect individuals from being charged interest rates in excess of … [Read more...] about USURY LAWS AND PRICES
PICASSO’S LEGACY
One of the interesting legal cases now being fought out is the hitter struggle in France over the estate of the artist Pahlo Picasso. The legal tangle and family feud she left behind when he died would have amused him. When his lawyer, Roland Dumas, … [Read more...] about PICASSO’S LEGACY
GRAIN DEAL REPORT
For nearly two years, the Department of Agriculture has had to take the brunt of criticism for the giant Soviet grain deal of 1972, often called “the great grain robbery.” This was the deal which resulted in a tremendous loss to the American … [Read more...] about GRAIN DEAL REPORT
WELFARE
Everybody knows that our welfare system is horribly costly. The question we must now ask ourselves is, is it immoral, too? A welfare system becomes immoral when it provides financial incentives to the recipient to avoid getting a job,when it promotes … [Read more...] about WELFARE
TAIWAN’S PROSPERITY
The most striking lesson in the world today between freedom and slavery, between prosperity and privation, is the contrast between free China on Taiwan and Red China on the Mainland. Both countries are populated and governed by people of the same … [Read more...] about TAIWAN’S PROSPERITY
FEDERAL HOUSING
Congress passed the Housing Act of 1949 to the accompaniment of high-flown phrases about government’s duty to provide "a decent home and suitable living environment for every American family." The slogan "urban renewal" conjured up visions of … [Read more...] about FEDERAL HOUSING
COST OF SOCIAL SECURITY
Of all Government programs, the most immune from Congressional criticism is Social Security. When a Congressman is tempted to suggest improvements, he is stopped in his tracks by the memory of what happened to Barry Goldwater in 1964. For suggesting … [Read more...] about COST OF SOCIAL SECURITY
EXPORTING U.S. JOBS
Jobs are created when private industry and individuals make a capital investment. The reason why American citizens enjoy such a high standard of living is that the free enterprise system has resulted in a higher capital investment per worker than in … [Read more...] about EXPORTING U.S. JOBS
What’s Going On In Congress? — June 1974
CAMPAIGN FINANCING
Some months ago, Common Cause came out with a report on political campaigns which concluded that the two parties which compete in every Congressional election are not, contrary to what most people think, the Republican and the Democratic parties, but … [Read more...] about CAMPAIGN FINANCING