Free Market Project -
Auditing the media's coverage of the free enterprise system
• November 9, 2005
In this issue: Deductive Reasoning • Judging from Law • Wal-Mart •
Good, Bad & Ugly
Links: Oil Profits • U.N.-ternet • Taxes • Energy • Health Care •
New from the Free Market Project
A Simple Plan?
The president's tax panel delivered a complicated proposal that would
merely shift the tax code's winners and losers. Still, the media bought
into the idea that it was ‘simplifying,’ focusing on deductions ‘scrapped’
and, like the panel, avoiding the issue of real reform.
Econ 101: The Role of the Courts in the Economy
As the Senate considers the nomination of
Samuel Alito to the Supreme Court, Dr. Gary Wolfram, an economics
professor and Free Market Project adviser, reminds us why courts were
established: to protect our freedoms. To preserve a country where the rule
of law guards private property rights, judges must focus on enforcing the
laws that are written – not on creating new policies.
Ask the professor: Do you have a question about an economic issue
covered in the news?
Anti-Wal-Mart Movie Presses Forward
The Free Market Project is tracking coverage of two new films about
Wal-Mart – one positive and one negative. The film that bashes the
retailer is getting a lot more attention in the press, and journalists are
anything but skeptical. Even when the two sides debate, reporters insert
pointed anti-business comments.
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: NPR goes free market?; If it’s economic news, it must be
bad; Sheriff Dobbs in Sherwood Forest
Also from FMP:
Spotlight on oil companies and the ‘windfall
Dobbs Takes Aim at Oil Companies
Commentary: Punishing Profits
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Research, News & Commentary
Research: Do we need more taxes on the oil industry? The Tax
Foundation shows why this would be a bad idea, based on current taxes in
place and the history of “windfall profits” taxes.
Research: Cato’s regulation experts deliver the case against the
“windfall profits” tax and oil price controls.
Commentary: James Glassman lends some sanity to the recent
oil-profit carping in Congress and the press.
Research: A thorough overview into the history of the internet,
and why a U.N. takeover of it would be disastrous.
Commentary: R. Glenn Hubbard offers a comprehensive look into the
tax panel findings and where reformers should go from there.
Commentary: Kevin Hassett plays “myth debunker” and sets the
record straight about home prices and mortgage deductions in light of the
proposal from the president’s tax panel.
Commentary: The revelation that oil rigs sustained little to no
damage during this active hurricane season should change the debate about
drilling in the Gulf.
Research: As the Senate prepares to strike down some price
controls on pharmaceuticals in the Medicare program, The Heritage
Foundation reminds us of the potential economic harm from artificial price
Commentary: The president is devoting $1.2 billion to fight
malaria, but DDT should figure more prominently in the solution.
about events coming up in your area!
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.
Downsizing the Federal Government
Sponsored by the Cato Institute
B-338 Rayburn House Office Building
Nov. 15, 12:00 p.m.
Let the U.N. Govern the Internet?
The Heritage Foundation
Nov. 17, 10:00 a.m.
Inflation Targeting at Bernanke’s Fed
American Enterprise Institute
Nov. 22, 10:00 a.m.
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