Steve Chapman of the Chicago Tribune makes several excellent points in his column on the recent salmonella scare, commenting on the absurd tendency to reward government bureaucracies that screw up. But more important, he explains that there are very strong incentives for safety in an unfettered marketplace. The fundamental issue, though, is that there is […]
read more...In the private sector, no business owner would be dumb enough to assume that higher prices automatically translate into proportionately higher revenues. If McDonald’s boosted hamburger prices by 30 percent, for instance, the experts at the company would fully expect that sales would decline. Depending on the magnitude of the drop, total revenue might still […]
read more...I know I’ve beaten this drum several times before, but the Wall Street Journal today has a very good explanation of why class-warfare tax policy will backfire. The Journal’s editorial focuses on what happened after the 2003 tax rate reductions. And below the excerpt, you’ll find a table I prepared showing what happened with tax […]
read more...Two things struck me about this debate. First, the guy from the Center for American Progress was either clueless or dishonest about double taxation. Second, nobody seems to understand that balancing the budget is a simple matter of restraining the growth of government spending. I want deep cuts, but that’s not even necessary.
read more...Here’s a very disturbing story I saw on Instapundit. A cop arrested a woman for the supposed crime of not getting off her own front porch. Apparently, the cop didn’t like the fact that she was observing – and perhaps even filming on her cell phone camera – a traffic stop. If there is any […]
read more...Here’s another remarkable story illustrating the incompetence of government. A bureaucrat in Norfolk, VA, got paid for 12 years (including benefits) without ever showing up for work. Depending on the agency, this may actually have been a good thing (I wish IRS bureaucrats did this), but it certainly shows how taxpayer money gets wasted when […]
read more...I think I did okay in this debate, but my opponent wanted me to defend Bush and didn’t seem to get my point that I don’t like big-spending interventionists, regardless of whether they have a D or R after their names.
read more...One of the many disappointing things about Republicans is that they fail to correct problems when they get power. After the 1994 “Gingrich Revolution,” the GOP had complete control of Capitol Hill. This meant complete authority over the Congressional Budget Office and Joint Committee on Taxation. Did Republicans use this power to fire the old staff […]
read more...I thought it was shocking when Senator Bennett of Utah was denied renomination, but I’m even more stunned that Senator Murkowski of Alaska is trailing her opponent in preliminary results from Tuesday’s primary. As the Wall Street Journal explained in an editorial this morning, this is a big sign that voters are not merely interested […]
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