Word: free-market
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Controversy is nothing new to Simon, who once called the late Shah of Iran a "nut." Since he left Government in 1977, Simon has headed the U.S. Olympic Committee and co-organized a lay commission of free-market Roman Catholics who have challenged the liberal economic doctrines enunciated by American bishops. Simon, who is worth at least $200 million, intends to expand WSGP into other areas, such as venture capital. Says he: "There are a lot of unique opportunities out there." It is not tilting at windmills to predict that Simon will find them...
Pete du Pont hopes to distinguish himself as an iconoclast, a free-market conservative boldly willing to question sacrosanct social programs that his better-known rivals fear to address. He wants his ideas to speak for themselves, and loudly enough to drown out the murmurs about his patrimony. He has selected five issues that he believes can excite the electorate. It took the methodical du Pont two years to research and hone his message, and he has now compressed it neatly onto a single 3-in. by 5-in. card that he keeps in his breast pocket. Dispensing with...
...left office, Delaware's unemployment rate had dropped to 7% from a high of 13%, the top income tax rate had fallen from nearly 20% to 9%, and new businesses flooded the state. The experience converted du Pont to the supplyside philosophy of lower taxes and a strong free-market approach to the economy...
...only child of a steel company purchasing agent and a schoolteacher mother, Bork originally intended to follow in Ernest Hemingway's footsteps by working for newspapers and then writing fiction. A poet-professor at the University of Chicago steered him to the law. At Chicago's law school, free-market economists like Aaron Director inspired his transition from liberal to conservative...
...clearly due for a round of regulatory rollbacks, especially in light of the relatively minimal intervention that the Constitution seemed to contemplate when, for example, it authorized federal regulation of commerce "with foreign nations, and among the several States . . ." At the time, the Constitution's framers championed a free-market system with little Government interference. Says W. John Swartz, president of the Santa Fe Railway: "The Founding Fathers would be astonished at the amount of rules we operate under today. Regulators have gone much...