Free Market Project -
Auditing the media's coverage of the free enterprise system
• October 26, 2005
In this issue: Inflated Worries • Anti-Flu Incentives • Bah!
Humbug • Good, Bad & Ugly
Links: Tax & Spend • Health Care • Economics • Telecommunication •
New from the Free Market Project
Who’s Afraid of a Little Inflation?
Disco is just a party theme or a radio station playlist nowadays, but the
media are clamoring about the 1970s. As several economists have pointed
out, worries about widespread neo-Carter-era inflation based on higher gas
prices are overblown and economically incorrect.
Attack on Avian Flu Drug Patent a Major Threat
World governments are refusing to recognize
Roche’s patent on Tamiflu, the anti-viral medication many believe to be
the hope for avian flu patients. As leaders from the United Nations to the
U.S. Senate press for the pharmaceutical company to give up the drug, they
are eroding the very incentive that leads to the creation of such helpful
It’s Beginning to Look a Lot Like … Negativity
As the leaves start to fall, the media are already in their holiday spirit
of economic pessimism. They’ve been forecasting a bad Christmas retail
season since August. But the National Retail Federation says consumers
aren’t the Scrooges the media suggest.
The Good, the Bad & the Ugly
The Good, the Bad & the Ugly tracks the best and worst media coverage of
business and economics. Readers are invited to submit suggestions or news
tips to Director
This week: A regular story with a premium result; have a blue
Christmas; and the ‘silly’ side of CNN.
Also from FMP:
Bernanke Nomination Brings Out Media’s Economic Concerns
CNN’s ‘In the Money’ Team Loves Jabs at Wal-Mart
NBC Still Promoting Downside of GM Labor Contract
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Research, News & Commentary
Research: The Cato Institute warns that Colorado’s noted
“taxpayer bill of rights” is threatened by a new ballot initiative.
Commentary: Pete DuPont takes a cue from Johnnie Cochran: “if
you don’t want to spend, you must amend.”
Former FDA official Henry Miller says the FDA holds up new drugs in a
complicated review process, all the while limiting consumers’ options for
Research: Who’s driving up health care costs? The Manhattan
Institute Center for Legal Policy says it’s “Trial Lawyers, Inc.” Their
latest report details litigation’s impact on health care and offers
“prescriptions for restoring sanity to the system.”
Research: The National Center for Policy Analysis points out
the negative impact of a “living wage” on low income families.
Commentary: Larry Kudlow explains what the president must do
to bolster the economy.
Commentary: Tech Central Station’s Tim Worstall writes about
the passing of Arthur Seldon, one of the lesser-known fathers of economic
Commentary: Pointing to immigration and a powerful free market
economy, Cathy Young explains why poverty is a matter of culture, not
Research: The Competitive Enterprise Institute outlines steps
to release and supercharge our communications policies by reforming
about events coming up in your area!
A World With Less Oil: The Consequences
American Enterprise Institute
Nov. 2, 12:00 p.m.
Monetary Institutions and Economic Development
Sponsored by the Cato Institute and The Economist
November 3, 8:00 a.m. – 6:30 p.m.
Afternoon with Michael Crichton
Lisner Auditorium, Washington, D.C.
Nov. 6, 2:30 p.m.
Education Entrepreneurship: Why it Matters, What Risks it Poses, and How
to Make the Most of It
American Enterprise Institute
Nov. 14, 8:45 a.m.
“States of Fear: Science or Politics?” with Michael Crichton
Hotel Nikko, San Francisco
Nov. 15, 8:00 p.m.
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