It’s hard to believe that anybody would classify the Germans as a master race after reading this Spiegel article. Bill Gates and Warren Buffett have a nutty (but at least non-coercive) plan for rich people to give away a big share of their fortunes. The German…
Daily Analysis
The Private Sector Always Does a Better Job than Government
Using road management as an example, John Stossel explains that government does a worse job than the private sector, even at things that theoretically are a government responsibility. Part of this is because of the profit motive, to be sure, but a big reason is…
Republicans Should Disavow Bush’s Big-Government Record
I don’t agree with all the points in this column from Real Clear Markets, but I fully agree with the overall theme that the GOP would be wise to cut Bush out of the Party’s history. Like Nixon, he was a failed, big-government statist. The sour economy is presenting…
A Spending Quiz from the “Rebel Economist”
My former Heritage Foundation colleague has returned to youtube.com with a video asking taxpayers whether examples of government waste are true or false.
Creating Jobs: The Real World vs. Obamanomics
Michael Fleischer is a brave man. He exposed himself and his company to retribution and attack by explaining how Obama’s policies are discouraging job creation in a column for the Wall Street Journal. Let’s hope he doesn’t mysteriously get audited, because he provides…
Alan Greenspan Should “Man Up” or Drop Out of Sight
John Stossel appropriately scolds the former Federal Reserve Chairman for blaming the financial crisis on the free market. I’ll go one step farther and say that Greenspan’s behavior is a reprehensible example of someone lacking the cojones to take responsibility for…
When Keynesians Attack, Part II
I’m still dealing with the statist echo chamber, having been hit with two additional attacks for the supposed sin of endorsing Reaganomics over Obamanomics (my responses to the other attacks can be found here and here). Some guy at the Atlantic Monthly named Steve…
Taxpayers vs Bureaucrats, Part XXXIX
A very depressing story in USA Today reveals that federal bureaucrats are making more than twice as much as people in the productive sector of the economy. Even worse, the advantage for bureaucrats has jumped from $30K to $62K during the spendaholic Bush-Obama years….
Obama’s Stimulus Highway Signs, Adjusted for Truth-in-Advertising
I don’t like wasteful government spending, but it really adds insult to injury when politicians use my tax dollars for political propaganda. A nauseating example of this practice are the highway signs highlighting how projects are funded by the so-called stimulus. In…
The Destructive Economics of Class-Warfare Taxation
Caroline Baum of Bloomberg has an excellent column explaining why soak-the-rich taxes don’t work. Simply stated, wealthy people are not like you and me. They have tremendous control over the timing, composition, and level of their income. When the rich are hit with…