It is hard to make sense of the world without adequate information and the words to explain fundamental concepts.

Some good news for the new decade is that the level of economic literacy is rising, thanks in part to tools being developed at free-market think tanks around the world. Americans in particular have several new tools to evaluate how their tax money is being used and how much they are being forced to spend on what.

There is now a successful a global collaborative effort to increase economic literacy across the planet and reduce miscommunication. Everyone will have the same understanding of what specific economic terms and concepts mean available on cell phones or iPads.

Meanwhile, U.S. think tanks have been building tools so Americans can more readily understand where their tax dollars are going and how much they are paying for specific government programs.

I live in California. If you were wondering what living in Obama's second term would be like, wonder no longer. We in California are living there now.

California is a one-party state dominated by a virulent Democrat Left enabled by a complicit media where every agency of local, county, and state government is run by and for the public employee unions. The unemployment rate is 12%.

California has more folks on food stamps than any other state, and seven income tax brackets.  In California, we hate the evil, greedy rich (except the rich in Hollywood, in sports, and in drug dealing).

But we love people who have broken into California to eat the bounty created by the productive rich. California is also near fulfilling the environmentalist dream of deindustrialization.  All of this is Obama's dream.

No doubt, this has been the punniest week of modern times.  We're talking about - of course - Weinergate.

Ask just about any Pub on Capitol Hill who he or she thinks is the most straight-out obnoxious loud-mouthed partisan jerk in the whole of Congress, and even though there's a lot of competition they'll invariably say, "Weiner."

Or they'll simply say his nickname by which he's known all over the Hill:  "Little"......  

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Time for a HFR Emergency Alert.  Calling all Texas TTPers!  Immediate action requested!

Here is a Court Order issued by Federal District Court Judge Fred Beiry against a Medina Valley High School in Castroville, Texas (a community west of San Antonio and Lackland Air Force Base.  Specifically, Judge Beiry orders that:

For a change, there is some good news. The double-dip recession that some of us had feared if Congress raised taxes on the most productive people has been avoided for the moment, and as a result, many forecasters have increased their growth estimates for 2011 to more than 3 percent.

But the country needs sustained growth rates above 3.5 percent to bring down unemployment in a reasonably rapid way.

More good news is that the unsustainable increase in federal government spending is likely to be curtailed because of the efforts of the House Republicans and one man in particular, Rep. Paul D. Ryan, Wisconsin Republican, the new head of the House Budget Committee.

Mr. Ryan is a fine economist and a man of courage who understands the real world. His committee will take on both entitlement spending and discretionary spending, and the committee recommendations are likely to be passed by the House.

Unfortunately, the still Democrat-controlled Senate will lack the courage and will continue to deny the reality of what needs to be done.

In the Republican candidate debate in South Carolina last Monday night (1/16, link is to debate transcript), moderator Bret Bair of Fox News asked Governor Rick Perry:

"Governor Perry, since the Islamist-oriented party took over in Turkey, the murder rate of women has increased 1,400 percent there. Press freedom has declined to the level of Russia. The prime minister of Turkey has embraced Hamas and Turkey has threatened military force against both Israel and Cypress. Given Turkey's turn, do you believe Turkey still belongs in NATO?"

And Gov. Perry replied:

"Well, obviously when you have a country that is being ruled by, what many would perceive to be Islamic terrorists, when you start seeing that type of activity against their own citizens, then yes. Not only is it time for us to have a conversation about whether or not they belong to be in NATO, but it's time for the United States, when we look at their foreign aid, to go to zero with it."

This prompted outrage by Ankara, condemnation by the liberal media, and a strong defense by Perry of his claim. So is Perry right?  Let's take a look at what is actually going on in Turkey today.

America is the story of people arising from adverse circumstances, achieving great success and helping others along the way. If you like stories about overcoming adversity - and who doesn't? - I have a suggestion for a last-minute Christmas stocking stuffer or a great gift to brighten the New Year for someone.

It is the just-published autobiography "Up from the Projects", by the influential and even revered economist Walter E. Williams.

Mr. Williams is perhaps best known for being a substitute host for Rush Limbaugh. He has been substituting for Mr. Limbaugh since 1992 because, he says, as a professor of economics, it gives him the biggest classroom in America.

How does a 6-foot, 5-inch black man born in inner-city Philadelphia well before the civil rights movement and raised by a single mother become one of the country's best-known conservative/free-market/libertarian economists, head of a leading academic economics department and an adviser to presidents?

The two most anti-capitalist groups in America today are university professors and big businessmen.
--- Milton Friedman, Nobel Laureate in Economics

Our nation is at a genuine crossroads. Even if we could scale back the trillions in new spending that Obama has larded into our federal budget, we would still be in trouble.  Government has taken over major parts of American life and to regain our vitality, significant reforms must be made.

Reforms of major areas of American life where Americans have grown accustomed to the heavy hand of government will be impossible if a large percentage of our population is mistrustful of free markets and business.  To get this kind of change, leadership that inspires trust in free enterprise is essential.

There's good reason for skepticism when former Massachusetts Gov. Mitt Romney showcases his business background as the reason he will inspire this kind of trust.