As part of his latest “stimulus” scam, President Obama argues that the federal government should spend more money on infrastructure. Yet there is widespread evidence that politicians use such projects to squander money – often in exchange for contributions from…
Daily Analysis
The Greece-ification of America
I’ve posted several times about the dangers of creating too much government dependency, including a set of cartoons that illustrates how small welfare states inevitably erode social capital and create big welfare states. So you will understand that I am utterly…
Tom Sowell: So Many Left-Wing Hoaxes to Debunk, So Little Time
I recently posted an excellent video showing how the War on Poverty has been a disaster for both taxpayers and poor people. Let’s now look at a specific example of the income-redistribution racket. Professor Thomas Sowell has a superb column, which begins by noting…
The Danish Dr.-Jekyll-Mr.-Hyde Paradox and Wagner’s Law
What nation is a role model for economic reformers? I’ve certainly cited Hong Kong as an example, but I’ve also explained that we can learn lessons – at least on certain issues – from nations such as Sweden, Australia, Canada, and the Baltics. Today, let’s talk about…
Economics 101 Video Tackles Poverty
The latest video from our Economics 101 Series tackles poverty, an issue frequently used to pull heart-strings in support of big government policies. But as the video shows, big government redistribution schemes are not making the problem better, and are likely making…
I’m Proud of Americans for Rejecting the GM Looters and Buying Ford Instead
I’ll start with an important caveat and state that Ford is far from a perfect company. It has its snout in the trough for boondoggles such as green energy programs. And it happily benefits from protectionist restrictions on foreign pickup trucks and SUVs. That having…
Happy Fiscal New Year (with an Unhappy Obama Hangover)
Today, October 1, is the first day of the 2012 fiscal year. And if you’re wondering why America’s economy seems to have a hangover (this cartoon is a perfect illustration), it’s because politicians had a huge party with our money in FY2011. We don’t have final numbers…
Obama Administration Bribing States to Create More Food-Stamp Dependency
Only the federal government could be this stupid. We have two very big problems in our nation. o First, we have a giant, bloated federal government that is spending too much money, putting us at serious risk of a Greek-style fiscal crisis at some point in the future….
A Powerful Moral Argument to Get Government Out of the Housing Business
I’ve previously explained that the federal government should have no role in housing and that the Department of Housing and Urban Development should be abolished. If I haven’t convinced you, then you should watch this powerful video from the folks at Reason TV. What…
Growing Opposition to Obama’s IRS Proposal to Make Banks Put Foreign Tax Law above U.S. Tax Law
Why impose a regulatory burden on a weakened banking sector when it has nothing to do with enforcing American tax law?