Not that we need more evidence, but here are two new items confirming the absurdity of thinking that bigger government is stimulus. First, we have a story from Los Angeles revealing that the city only created 55 jobs with $111 million of stimulus funds. This…
Daily Analysis
The Cato Institute – America’s Best Think Tank
Okay, I’m biased, but Cato stood up against the so-called stimulus when others were quiet. Cato was against Obamacare, even back when it was called Romneycare. Now, we’re leading the fight on restraining Leviathan. The image below is our new full-page ad on cutting…
Is the Tea Party Movement a Net Plus for America?
Steve Chapman points out that the Tea Party movement (like any other large group of people) has a few odd characters, but he is delighted that there is a growing mass of citizens who think it’s important to restrain government and not impose burdens of future…
Another Measure of American Decline
I don’t know if this is hope or change, but the United States fell from 2nd to 9th in the Forbes index of “Best Countries for Business.” Denmark is first, which may be a surprise, but the Scandinavian country is very free market other than fiscal policy. Hong Kong,…
The Laughable German Version of a Conservative
By choosing not to use the economic downturn as an excuse for more wasteful spending, Germany may have avoided Obama’s big mistake, but that does not mean German conservatives and Angela Merkel are supporters of economic liberty and individual freedom. Not even close….
Overwhelming Evidence for Less Government Spending
Alberto Alesina of Harvard’s economics department summarizes some of his research in a column for today’s Wall Street Journal. He and a colleague looked at fiscal policy changes in developed nations and found very strong evidence that spending reductions boost growth….
More than Two-to-One Support for Personal Retirement Accounts
I am pleasantly shocked to see that a healthy majority of respondents favor partial privatization of Social Security. I knew support was reasonably strong several years ago, but I feared that the financial crisis would have made Americans more leery of financial…
Does the War on Poverty Fight Destitution or Subsidize It?
The Census Bureau will be releasing new poverty-rate numbers on Thursday and the numbers are expected to show a big move in the wrong direction. Much of the coverage will be on how much the poverty rate increases, with 15 percent being a likely amount according to…
Fannie, Freddie, Basel, and the Fed
George Melloan’s column in the Wall Street Journal discusses the new Basel capital standards and correctly observes that 22 years of global banking regulations have not generated good results. This is not because requiring reserves is a bad thing, but rather because…
Cuba Announces Plan to Eliminate 500,000 Bureaucrats
Since we’re talking about a totalitarian nation, I suppose I should make clear that Raul Castro is getting rid of 500,000 government jobs, not executing a half-million bureaucrats. This is a remarkable development, particularly since the entire workforce is only 5…