We're engaged in a neverending battle between those who are happy telling others what to do and those who would rather take a chance on human potential. Margaret Thatcher's death this week is a reminder that it takes intellectual and political warriors to keep rolling back the never-ending drift toward more encroachment by the state.
The President released a budget this week that assumes economic growth rates we haven't seen in decades -- after-inflation rates of 2.5% to 4% for the next five or six years. That's happening at the same time as the personal savings rate is back down to near-zero. Discouraging savings and investment is no way to get an economy to grow twice as fast as it did in the last decade.