Nancy Pelosi is being appropriately mocked for her strange assertion that subsidizing unemployment is a great way to “stimulate” the economy, but keep in mind that this she is just mindlessly regurgitating standard Keynesian theory. Here are two videos. The first is…
Daily Analysis
Pelosi: Paying People Not to Work Creates Jobs
I’ve heard a few economic whoppers in my time, especially from the mouths of politicians, but this statement by Speaker Pelosi has got to be one of the most foolish yet. Talking to reporters, the House speaker was defending a jobless benefits extension against…
The Uncertainty Induced Failure of Obamanomics
Allan Meltzer has an opinion piece in the Wall Street Journal explaining the failures of Obamanomics. One of the causes he identifies is the high level of uncertainty surrounding tax rates and regulatory policy under this administration. Such uncertainty is the enemy…
California Scheming
This has not been a good period of time for California’s moocher class. A public uproar recently forced the state to prevent welfare recipients from using government-provided ATM cards in casinos. Now there’s a similar storm brewing about handouts being obtained using…
Thanks to Tax Competition, Corporate Tax Rates Continue to Fall in Europe
Many people assume that Europe is the land of high-tax welfare states and America is an outpost of laissez-faire capitalism. We should be so lucky. The burden of government in America is still lower than it is in the average European nation, but the United States is a…
Those Crazy French
To preserve domestic tranquility, men should always shout “NO” when their wives ask “Does this make me look fat?” Well, Frenchmen now also have a legal reason to give that answer. In a nation where everything seemingly requires a role for…
Obama’s Fiscal Fantasyland
That’s the title of Richard Rahn’s new column in the Washington Times, which discusses the delusional Keynesian policy being advocated – in America and around the world – by the current administration. As Richard explains, the evidence is overwhelming that government…
Questions for Elena Kagan
I don’t know what will happen when the Senate Judiciary Committee grills Obama’s Supreme Court nominee, but I hope at least one member reads George Will’s column and uses some of his suggested questions. They are all worth reading, but here are my…
Great Moments in International Bureaucracy
Europe’s economy is stagnant, the euro currency is in danger of collapse, and many nations are on the verge of bankruptcy. But one thing you can count on in this time of crisis is for prompt, thoughtful, and intelligent action by the super-bureaucrats of the European…
Tom Sowell Wisdom on Firearms and the Constitution
In addition to noting that gun control tends to increase crime by reducing the cost of being a criminal (i.e., thugs are less likely to meet armed resistance), Tom Sowell also explains that people who don’t like the Constitution should amend the document rather…