by Matt Kibbe
59. “Federal Reserve Document Dump Reveals Lending Secrets,” Campaign for Liberty. http://www.campaignforliberty.com/blog.php?view=41475
60. “Secret Fed Loans Gave Banks $13 billion Undisclosed to Congress,” Bloomberg News. http://www.bloomberg.com/news/2011-11-28/secret-fed-loans-undisclosed-to-congress-gave-banks-13-billion-in-income.html.
61. Ibid.
62. Erik Holm, “Buffett Buys Goldman Stake in ‘Economic Pearl Harbor’ (Update2),” Bloomberg, Sept. 24, 2008. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=axN8Gl5_fsxA.
63. Charles Piller, “Buffett, champion of bailout, is also leading beneficiary,” McClatchy Washington Bureau, Apr. 5, 2009. http://www.mcclatchydc.com/2009/04/05/v-print/65496/buffett-champion-of-bailout-is.html.
64. Julie Crawshaw, “WSJ: Buffett Foils IRS With Latest Tax Break,” Money News, Newsmax, Aug. 31, 2011. http://www.moneynews.com/StreetTalk/Buffett-berkshire-IRS-Tax/2011/08/31/id/409259.
65. Shira Ovide, “Warren Buffett Made at Least $1.2 billion from GE,” Wall Street Journal, Sept. 13, 2011.
66. Timothy P. Carney, “Is Barack buddy Buffett betting on bank bailout?,” Examiner. http://washingtonexaminer.com/politics/2011/08/barack-buddy-buffett-betting-bank-bailout.
67. Lizzie O’Leary and Andrew Frye, “Geithner AIG Recusal Was ‘After the Fact,’ Issa Says (Update2),” Bloomberg, Jan. 27 2010. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aDV3KdbP2Ap8&pos=6.
68. Ibid.
69. Silla Brush, “Paulson to testify that AIG bailout was correct,” the Hill, Jan. 26, 2010. http://thehill.com/homenews/house/78191-paulson-to-stand-by-aig-bailout.
70. Lizzie O’Leary and Andrew Frye, “Geithner AIG Recusal Was ‘After the Fact,’ Issa Says (Update2),” op. cit.
71. “Tough Questions for Geithner on AIG Bailout,” Associated Press Video. http://www.youtube.com/watch?v=VgtprlxOcks.
72. Louise Story and Gretchen Morgenson, “In U.S. Bailout of A.I.G., Forgiveness for Big Banks,” New York Times, June 29, 2010.
73. “Testimony of Martin A. Weiss, Specialist in International Trade and Finance, Congressional Research Service, before the House Committee on Financial Services Hearing on ‘The Role of the International Monetary Fund and Federal Reserve in Stabilizing Europe,’” Congressional Research Service. http://www.house.gov/apps/list/hearing/financialsvcs_dem/crs_statement_for_the_record_5.20.10.pdf.
74. “Who’s on the Hook for the IMF’s Greek Bailout?,” Wall Street Journal.
75. “Fed may give loans to IMF to help euro zone,” Reuters. http://www.reuters.com/article/2011/12/04/us-eurozone-imf-fed-idUSTRE7B30X320111204.
76. John H. Cochrane, “Restoring Robust Economic Growth in America” Conference, Hoover Institution, Stanford University, Dec. 2 2011. http://faculty.chicagobooth.edu/john.cochrane/research/papers/taylor_panel.pdf.
77. “U.S. Debt Not So Far from Greece’s,” American Enterprise Institute. http://blog.american.com/2010/05/us-debt-not-so-far-from-greeces/.
78. Hazlitt, What You Should Know about Inflation (1964).
79. Larry White, “Achieving a Stable Dollar,” Free Banking, Oct. 6, 2011. http://www.freebanking.org/2011/10/06/achieving-a-stable-dollar/.
80. “Poll: Public wants to rein in the Fed,” Washington Examiner. http://washingtonexaminer.com/blogs/beltway-confidential/2009/07/poll-public-wants-rein-fed.
81. Overview of the Financial System. http://www.federalreserve.gov/pf/pdf/pf_1.pdf#page=4.
82. Larry White, “Achieving a Stable Dollar,” op. cit.
83. Lewis E. Lehrman, “It’s Not the Debt Ceiling—It’s the Dollar,” op. cit.
84. Hans Sennholz, Money and Freedom, Libertarian Press, 1985.
Chapter 10: A Teaching Moment
1. 20 USC § 1681–Sex. http://www.law.cornell.edu/uscode/20/1681.html.
2. Grove City College v. Bell, 465 U.S. 555, 579 (1984).
3. David M. Lascell, “Grove City College v. Bell: What the Case Means Today.” http://www2.gcc.edu/orgs/GCLawJournal/articles/spring%202010/Grove%20City%20v%20Bell.pdf.
4. Milton Friedman, Capitalism and Freedom (Chicago: University of Chicago Press, 1962), p. 85.
5. Sam Dillon, “Top Test Scores from Shanghai Stuns Educators,” New York Times, Dec. 7, 2010.
6. Ibid.
7. Paul E. Peterson, Ludger Woessmann, Eric A. Hanushek, and Carlos X. Lastra-Anadon, “Globally Challenged: Are U.S. Students Ready to Compete?” Harvard Study, http://www.hks.harvard.edu/pepg/PDF/Papers/PEPG11-03_GloballyChallenged.pdf.
8. Sam Dillon, “U.S. Students Remain Poor at History, Tests Show,” New York Times, June 15, 2011. http://www.nytimes.com/2011/06/15/education/15history.html.
9. Susan Snyder and Kristen A. Graham, “Report Confirms Shortcomings in City Schools,” Philadelphia Inquirer, Sept. 7, 2011. http://articles.philly.com/2011-09-07/news/30123328_1_report-crime-school-violent-crimes.
10. Andrea Canning and Lezzel Tanglao, “Ohio Mom Kelley Williams-Bolar Jailed for Sending Kids to Better School District,” ABC News, Jan. 26, 2011. http://abcnews.go.com/US/ohio-mom-jailed-sending-kids-school-district/story?id=12763654#.TuqW67JFuso.
11. Gregory Kane, “Schools Commit Fraud by Failing to Educate,” Washington Examiner, Jan. 2011. http://washingtonexaminer.com/opinion/columnists/2011/01/schools-commit-fraud-failing-educate.
12. Tina Kaufmann, “Crying, Akron Mom Kelley Williams-Bolar Begs Ohio Parole Board to Pardon Her.” newsnet5.com, July 20, 2011. http://www.newsnet5.com/dpp/news/local_news/akron_canton_news/crying-akron-mom-kelley-williams-bolar-begs-ohio-parole-board-to-pardon-her#ixzz1gemkpcKW.
13. “Youth Violence.” Centers for Disease Control and Prevention, National Center for Injury Prevention and Control. http://www.cdc.gov/ViolencePrevention/pdf/YV-DataSheet-a.pdf.
14. Ibid.
15. “Facing the School Dropout Dilemma,” American Psycological Association. http://www.apa.org/pi/families/resources/school-dropout-prevention.aspx.
16. “1 in 10 U.S. High School Is Dropout Factory,” Associated Press, Oct. 29, 2007. http://www.msnbc.msn.com/id/21531704/ns/us_news-education/t/us-high-schools-dropout-factory/#.Tu5obzUeO8A.
17. Gary Fields, “The High School Dropout’s Economic Ripple Effect,” Wall Street Journal. Oct. 21, 2008. http://online.wsj.com/article/SB122455013168452477.html.
18. “1 in 10 U.S. High School Is Dropout Factory,” Associated Press, op. cit.
19. Dropout Prevention and Recovery, National Conference of State Legislatures. http://www.ncsl.org/default.aspx?tabid=12884.
20. “The High School Dropout’s Economic Ripple Effect,” Wall Street Journal, op. cit.
21. Ezra Klein, “American Schools More Segregated Today Than When Martin Luther King Jr. Was Killed,” Washington Post, Jan. 2011.
22. “Public School Per-Student Spending Increases as State Funding Decreases,” Fox News, May 26, 2011. http://www.foxnews.com/politics/2011/05/26/public-school-student-spending-increases-state-funding-decreases/#ixzz1gw0vBaFV.
23. Ibid.
24. Senate Bill 1, Commonwealth Foundation. http://www.commonwealthfoundation.org/doclib/20110207_POLICYPOINTSSenateBill1.pdf.
25. Anthony Williams, “Pennsylvania Kids Deserve School Choice,” Wall Street Journal, May 12, 2010.
26. David L. Kirp, “Bridging the Achievement Gap,” Los Angeles Times. Sept. 22, 2010.
27. Adam B. Shaeffer, “They Spend WHAT? The Real Cost of Public Schools,” Cato Institute. http://www.cato.org/pubs/pas/pa662.pdf.
28. “More Dramatic Education Reforms–Such as School-Choice Vouchers–Needed,” Foundation for Education Reform & Accountability. http://www.nyfera.org/?page_id=3597.
29. Andrew J. Coulson, “President to Call for Big New Ed. Spending. Here’s a Look at How that’s Worked in the Past.” Cato Institute, Jan. 27, 2010. http://www.cato-at-liberty.org/president-to-call-for-big-new-ed-spending-heres-a-look-at-how-thats-worked-in-the-past/.
30. Ibid.
31. Andrew J. Coulson, “DC V
ouchers Solved? Generous Severance for Displaced Workers,” Cato Institute. http://www.cato-at-liberty.org/dc-vouchers-solved-generous-severance-for-displaced-workers/.
32. Terry Jeffrey, “Send Your Children to D.C. Public Schools, Mr. President-Elect.” Townhall.com, Nov. 12, 2008. http://townhall.com/columnists/terryjeffrey/2008/11/12/send_your_children_to_dc_public_schools,_mr_president-elect/p age/2.
33. Adam B. Schaeffer, “They Spend WHAT? The Real Cost of Public Schools,” op. cit.
34. Coulson, “President to Call for Big New Ed. Spending,” op. cit.
35. “Union Members–2010,” Bureau of Labor Statistics. http://www.bls.gov/news.release/union2.nr0.htm
36. Matt Di Carlo and Esther Quintero, “Quote, Unquote,” theshankerblog, Albert Shanker Institute. http://shankerblog.org/?p=2562.
37. Report: Right to Work States are Winning the Future, http://demint.senate.gov/public/index.cfm?p=JimsBlog&ContentRecord_id=c21045dc-6672-45ba-9475-92814eabd9fe.
38. Center for Responsive Politics, OpenSecrets.org.
39. “Teachers Unions Oppose Educational Reform,” Teachers Unions Exposed. http://teachersunionexposed.com/blocking.cfm.
40. John Stossel, “Unions: Good for Bad Teachers, Bad for Kids,” Fox Business. http://www.foxbusiness.com/on-air/stossel/blog/2011/11/06/unions-good-bad-teachers-bad-kids.
41. “Protecting Bad Teachers,” Teachers Unions Exposed. http://teachersunionexposed.com/protecting.cfm.
42. Ibid.
43. Ibid.
44. John Stossel, “How to Fire an Incompetent Teacher,” Reason. http://reason.com/archives/2006/10/01/how-to-fire-an-incompetent-tea.
45. “Protecting Bad Teachers,” Teachers Unions Exposed.
46. Ibid.
47. Ibid.
48. John Stossel, “Unions: Good for Bad Teachers, Bad for Kids.” op. cit. Fox Business.
49. Milton Friedman, Capitalism and Freedom, p. 95.
50. Mona Charen, “Wanting to Abolish the Department of Education Is Not Radical,” National Review. http://www.nationalreview.com/articles/229936/wanting-abolish-department-education-not-radical/mona-charen.
51. Veronique de Rugy and Marie Gryphon, “Elimination Lost: What Happened to Abolishing the Department of Education?,” Cato Institute. http://www.cato.org/research/articles/gryphon-040211.html.
52. Mona Charen, “Wanting to Abolish the Department of Education Is Not Radical,” op. cit.
53. “Parent Satisfaction Higher in Private Schools,” Education Report. http://www.educationreport.org/pubs/mer/article.aspx?id=9813.
54. Friedman, Capitalism and Freedom, p. 94.
55. Cecilia Elena Rouse, “Private School Vouchers and Student Achievement: An Evaluation of the Milwaukee Parental Choice Program.” http://papers.nber.org/papers/w5964.
56. Joseph Lawler, “The ‘Failure’ of School Vouchers in Milwaukee,” American Spectator. Apr. 15, 2010. http://spectator.org/blog/2010/04/15/the-failure-of-school-vouchers/print.
57. Farai Chideya, “‘The Great Deluge’: A Katrina Post-Mortem,” NPR. http://www.npr.org/templates/story/story.php?storyId=5421017.
58. “The New Orleans School Voucher Program,” Reason.tv. http://reason.com/blog/2010/08/18/reasontv-the-new-orleans-schoo.
59. “New Orleans Voucher Program First Day—Lines Around the Block.” http://www.youtube.com/watch?v=4vGCJu9xMJY.
60. Alexandra Fenwick, “Charter Schools Rise in New Orleans After Hurricane Katrina,” US News. http://www.usnews.com/news/articles/2009/12/23/charter-schools-rise-in-new-orleans-after-hurricane-katrina.
61. Andrew J. Coulson, “DC Vouchers Solved? Generous Severance for Displaced Workers,” op. cit.
62. U.S. Constitution, Article 1, section 8, clause 17.
63. Jason Richwine, “D.C. Voucher Students: Higher Graduation Rates and Other Positive Outcomes.” Heritage Foundation. http://www.heritage.org/research/reports/2010/07/dc-voucher-students-higher-graduation-rates-and-other-positive-outcomes.
64. Ibid.
65. Ibid.
66. “The President Says He Wants to Do ‘What’s Best For Kids.’ So Why Won’t He Save a Proven Program That Helps Low-Income Students?,” Reason.tv. http://reason.tv/video/show/barack-obama-the-dc-school-vou.
67. Ibid.
68. Adam B. Shaeffer, “Tax Credits, Not Vouchers, Are Keeping School Choice a Viable Option,” Cato Institute, June 25, 2009. http://www.cato.org/pub_display.php?pub_id=10315.
69. Greg Foster and Christian d’Andrea, “An Empirical Evaluation of the Florida Tax Credit Scholarship Program,” Friedman Foundation for School Choice. http://www.edchoice.org/CMSModules/EdChoice/FileLibrary/383/FL%20Poll%200709.pdf.
70. Andrew Lefevre, “A Decade of Success: Pennsylvania’s Educational Improvement Tax Credit,” Commonwealth Foundation, Apr. 17, 2011. http://www.commonwealthfoundation.org/research/detail/a-decade-of-success-pennsylvanias-educational-improvement-tax-credit.
71. “What It Costs to Go to College,” College Board. http://www.collegeboard.com/student/pay/add-it-up/4494.html.
72. Ibid.
73. Lindsey Burke, “Pell Grant Increase Would Not Solve the College Cost Problem,” Heritage Foundation, Nov. 16, 2010. http://www.heritage.org/research/reports/2010/11/pell-grant-increase-would-not-solve-the-college-cost-problem.
74. “Trends in College Pricing. College Board.” http://trends.collegeboard.org/downloads/College_Pricing_2011.pdf.
75. Ibid.
76. Dick Armey, “Texas Needs Higher Education Reform,” Houston Chronicle, Apr. 18, 2011.
77. Christopher Shea, “The End of Tenure?,” New York Times, Sept. 3, 2010.
78. Jay P. Greene, “Administrative Bloat at American Universities: The Real Reason for High Costs in Higher Education,” Goldwater Institute, Aug. 17, 2010. http://goldwaterinstitute.org/article/administrative-bloat-american-universities-real-reason-high-costs-higher-education.
79. Tamar Lewin, “College Graduates’ Debt Burden Grew, Yet Again, in 2010,” New York Times, Nov. 2, 2011.
80. Catherine Lampell, “Many with New College Degree Find the Job Market Humbling,” New York Times, May 18, 2011.
81. “Unfulfilled Expectations: Recent College Graduates Struggle in a Troubled Economy,” Rutgers University. http://www.heldrich.rutgers.edu/sites/default/files/content/Work_Trends_May_2011.pdf.
82. Lindsey Burke, “Pell Grant Increase Would Not Solve the College Cost Problem,” op. cit.
83. Gary Wolfram, “Making College More Expensive: The Unintended Consequences of Federal Tuition Aid,” Cato Institute Policy Analysis, no. 531, Jan. 25, 2005. http://www.cato.org/pub_display.php?pub_id=3344.
84. Jonathan Moore, “No Strings Attached,” Hoover Institution, May 1, 1998. http://www.hoover.org/publications/policy-review/article/6669.
85. “Grove City College Cost.” http://www.gcc.edu/current_cost.php.
86. “Tuition Expected To Jump Next Semester,” Hillsdale College, Mar. 10, 2011. http://www.hillsdalecollegian.com/tuition-expected-to-jump-next-semester-1.2102376#.TvCU3TUeO8A.
87. Tamar Lewin, “College Graduates’ Debt Burden Grew, Yet Again, in 2010,” op. cit.
88. Justin Pope, “Analysis: Is Student Loan, Education Bubble Next?,” MSNBC, Nov. 6, 2011. http://www.msnbc.msn.com/id/45183544/ns/us_news-life/t/analysis-student-loan-education-bubble-next/#.TvCF5DUeO8A.
89. “Kelli Space, $200,000 in Debt, Starts Site to Solicit Donations,” Huffington Post, Nov. 22, 2010. http://www.huffingtonpost.com/2010/11/22/kelli-space-two-hundred-thousand-in-debt_n_787074.html.
90. “Peter Schiff Exposes College Scam—Interviews Kelli Space” (1 of 2). http://www.youtube.com/watch?v=llrmq8q3E24&feature=player_embedded#!.
91. Richard Vedder, “Why Did 17 million Students Go to College?” The Chronicle of Higher Education, Oct. 20, 2010.
92. Ibid.
93. Linsey Davis, “Facebook and PayPal’s Peter Thiel Pays College Students to Drop Out,” ABC News, May 26, 2011. http://abcnews.go.com/Technology/facebook-paypals-pet
er-thiel-pays-college-students-drop/story?id=13693632#.TvC4jTUeO8A.
94. Cady Lang, “Chained Up,” 360 Magazine, Dec. 13, 2011. http://360magazine.org/2011/12/chained-up/.
95. Michael Barone, “Will College Bubble Burst from Public Subsidies?,” Washington Examiner. http://washingtonexaminer.com/politics/2011/07/will-college-bubble-burst-public-subisidies.
96. Justin Pope, “Analysis: Is Student Loan, Education Bubble Next?,” op. cit.
97. “One in Four State Lawmakers Lack Bachelor’s Degree,” FoxNews.com, June 16, 2011, http://www.foxnews.com/politics/2011/06/16/one-in-four-state-lawmakers-have-no-college-degree/.
Chapter 11: Losing Patients
1. Javier Panzar, “Transcript: Robert Reich’s Speech at Occupy Cal,” Daily Californian, Nov. 18, 2011. http://www.dailycal.org/2011/11/18/transcript-robert-reichs-speech-at/.
2. Barack Obama, “Remarks by the President in Health Insurance Reform Town Hall,” White House Press Office, Aug. 11, 2009. http://www.whitehouse.gov/the_press_office/Remarks-by-the-President-at-Town-Hall-on-Health-Insurance-Reform-in-Portsmouth-New-Hampshire.
3. James Taranto, “We’re Going to Let You Die,” Wall Street Journal, Oct. 14, 2009.
4. United Kingdom Office for National Statistics. http://www.statistics.gov.uk/statbase.
5. Joint Economic Committee, Republican staff, “The UK De-Bureaucratizes Health Care: We Should Too,” Sept. 22, 2010, p. 2. http://jec.senate.gov/republicans/public/?a=Files.Serve&File_id=9bf72ff0-f2ad-4486-9dd7-e8305d5d61a6.
6. Milton Friedman, “Gammon’s Law Points to Health-Care Solution,” Wall Street Journal, Nov. 12, 1991.
7. UK National Health Service, National Institute for Health and Clinical Excellence (NICE), “Measuring Effectiveness and Cost Effectiveness: the QALY.” http://www.nice.org.uk/newsroom/features/measuringeffectivenessandcosteffectivenesstheqaly.jsp (accessed Aug. 5, 2010). See also Randeep Ramesh, “This UK Patient Avoided the NHS List and Flew to India for a Heart Bypass. Is Health Tourism the Future?” Guardian, Feb. 1, 2005. http://www.guardian.co.uk/uk/2005/feb/01/health.india.
8. Helen Briggs, “Critics Condemn Bowel Cancer Drug Rejection,” BBC News Health, Aug. 24, 2010. http://www.bbc.co.uk/news/health-11060968.