April Freeman Banner 2014

IN BRIEF

Expected Bailout Losses Adjusted

DECEMBER 07, 2009

“The Obama administration is planning to slash its estimate of the losses from the government’s bailout package by about $200 billion, a source familiar with the matter said Sunday.

“The White House had projected in August that the $700 billion Troubled Assets Relief Program, or TARP, would lose about $341 billion over the next 10 years. But officials scaled back the estimate after once shaky Wall Street firms have been recovering much more quickly than expected. In addition, several TARP initiatives have been funded at a smaller amount than originally planned.” (Washington Post, Monday)

Next thing you know they will be calling this a successful government program.

FEE Timely Classic:
A $5 Trillion National Debt” by Hans Sennholz

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April 2014

Around the world, people are struggling to throw off authoritarianism, with deeply mixed results. From Egypt to Venezuela, determined people build networks to overthrow their regimes, but as yet we have not learned to live without Leviathan. In this issue, Michael Malice and Gary Dudney discuss their glimpses inside totalitarian regimes, while Sarah Skwire and Michael Nolan look at how totalitarian regimes grind down the individual--and how individuals fight back. Plus, Jeffrey Tucker identifies a strain in libertarianism that, left unchecked, could reduce even our vibrant movement to something that is analogous to the grim aesthetic of architectural brutalism. The struggle for our lives and freedom is a struggle for beauty; it begins inside each of us.
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