Economics and environmentalism are types of modern religions. So says Robert H. Nelson in his analysis of the roots of economics and environmentalism and their mutually antagonistic relations in the twentieth and twenty-first centuries. The present debate raging over global warming exemplifies the clash of these two public theologies.
Originally aired on 12/1/09 on FoxNews.coms Freedom Watch. Robert Higgs, Senior Fellow at the Independent Institute, discusses increased scrutiny of the Federal Reserve and Chairman Ben Bernanke's nomination for reappointment with Judge Napolitano.
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?
In June 2005, the U.S. Supreme Court ruled in Kelo v. New London that local governments may force property owners to sell out and to make way for private economic development, even if the property is not blighted. In response, many states have passed legislation and proposed amendments to their state constitutions to block this unprecedented government assault on the rights of property owners.