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James M. Sheehan

Keep Politics Out of Mutual Funds

Enron Failure Is No Excuse to Enlarge Government

Proponents of the regulatory state have been building up the collapse of Enron as a huge political story, and using it to tarnish the presidency of George W. Bush. However, the entire Enron issue rests on a giant fiction, namely that the energy trading firm was an example of unregulated capitalism at work.

Cooler Heads Prevail on Global Warming

Beware the Global Warming Treaty

The existence of man-made global warming is highly uncertain, but the climate treaty's potential negative effects on Michigan's economy are clear.

New Energy Tax is Bad Economics and Faulty Science

One of President Clinton's first actions was to propose an energy tax. This destructive tax proposal could be resurrected, but it is based on unsound economics and dubious science.

Lessons from the Mexico Crisis

About 20 percent of Michigan's goods and services are exported to Mexico. That country's recent currency crisis was met with a U.S.-backed bailout. The federal government could do Michigan a favor by getting its own house in order, and not throwing U.S. taxpayers' money at Mexico's failed policies

The Looming Threat to NAFTA

The North American Free Trade Agreement is supposed to reduce government intervention and eliminate trade barriers. Efforts to transform it into a labor and environmental treaty, however, threatened to cancel out its free-trade advantages and prevent its passage by Congress.

Proposed Carbon Tax Would Impose Enormous Costs

A carbon-based fuels tax desired by President Clinton to reduce carbon dioxide emissions would cost thousands of jobs and produce little or no positive environmental effect.