Almost every regulation presumably produces some benefit. The real issue is whether the benefits are significant and – even more important – whether they exceed the costs. Unfortunately, most regulations fail this common-sense test. A German magazine provides some…
Daily Analysis
Great Moments in Government Waste, the European Version
It’s aggravating and maddening to send tax dollars to Washington and watch them get wasted on pork-barrel projects and inefficient programs. Imagine how much worse it would be, though, to send tax dollars to an international bureaucracy and be utterly helpless to stop…
Bush, Pelosi, and Reid Deserve Scorn for Destroying Jobs for Teenagers
Anybody with an IQ above room temperature understands that companies only hire workers when they expect to generate net revenue (i.e., the total receipts associated with a new worker are expected to be higher than the total costs). That’s why it was so reprehensible…
Europe’s Dishonest “Stress Test” for Banks
The Wall Street Journal correctly pulls aside the veil and exposes the dubious gimmick that European politicians used to declare that banks are reasonably health. To put it bluntly, they assumed no government would ever default, which really means that the stress test…
The Founding Fathers Would Be Even More Horrified by Today’s Spending
The Washington Examiner explains that America’s Founders would be aghast to see how modern politicians have accumulated $trillions of debt. That may be true, but the editorial is nonetheless unsatisfactory because it’s quite likely that the founders would be even more…
Time to Shut Down the TSA?
In his Chicago Tribune column, Steve Champman suggests that the TSA’s bureaucratic inefficiency does more harm than good, especially if we place any value of liberty. Get rid of the no-fly list entirely. For that matter, get rid of the requirement that passengers…
Taxes Are for the Little People, not John Kerry
In the future, all dictionary publishers should get rid of their existing definitions for “hypocrisy” and replace them with a photo of Massachusetts Senator John Kerry. He’s just been caught committing the horrible sin of saving his family more than $500,000 by…
Democrat Tax Cutters?
The Wall Street Journal ponders the mini-tax revolt among some Democrats, ranging from Kent Conrad in the Senate to Jerrold Nadler in the House, who are suddenly making arguments that it would be a bad idea to allow higher tax rates in 2011 (because the 2001 and 2003…
Great Moments in Government Waste and Taxpayer Ripoffs
Senator Coburn’s office circulates a “Pork Report” every day, which I probably shouldn’t read since my blood pressure spikes. Today’s collection of stories included this outrageous example of federal bureaucrats living the good life with our tax dollars. Federal…
Noncompliance Leads to a Victory for Liberty
I’m glad I read Instapundit, because my day has been made brighter by the news that Arizona’s statists have given up on their money-grubbing speed camera program. Here’s a cheerful story which explains that widespread noncompliance was the key. Dozens of…