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Independent Institute Senior Fellow Robert Higgs debates James Galbraith (Professor of Economics, University of Texas; son of infamous, “liberal”, Keynesian economist John Kenneth Galbraith) on Antiwar Radio regarding the folly of government bailouts for insolvent banks, creation of the Glass-Steagall Act as a means to prevent FDIC insured banks from taking excessive risks, benefits and detriments of public and private regulation and oversight, problems of regulatory capture and revolving door politics, divergent opinions on the causes of the Great Depression and efficacy of the New Deal and the arguments for and against government spending on public infrastructure.
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Did the United States test an anti-satellite weapon when it “shot down” an out-of-control spy satellite earlier this month? Or was it a precautionary measure to protect people on the ground who might have been hit with a fuel tank filled with a poisonous gas?
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The 1967 Outer Space Treaty designated space for peaceful purposes as “the province of all mankind.” Virtually all spacefaring nations now favor a new treaty to accommodate major changes in geopolitics and military technology. The United States, however, has blocked negotiations, citing potential threats to U.S. “rights, capabilities, and freedom of action.”
