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Market Center Blog

Oregon Voters Choose Higher Tax Rates.

Oregon Voters Choose Higher Tax Rates.

Posted on February 1, 2010

While most political observers are paying lots of attention to the stunning Senate race in Massachusetts, there were two important ballot initiatives in Oregon on Tuesday and in both cases 54 percent of voters decided to impose higher tax rates on some of their neighbors. This is a disturbing development since voters rarely get tricked […]

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Adding Fiscal Insult to Budget Injury.

Adding Fiscal Insult to Budget Injury.

Posted on January 31, 2010

 A recent poll, conducted in early January, shows that the America people are catching on to the stimulus scam. Three-fourths of respondents believe that at least one-half of the money has been wasted. Here’s a brief excerpt from the CNN story, which includes a rather bizarre assertion that the stimulus represented a “cost to the […]

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Fight over For-Profit Colleges Shows the Corrupting Influence of Federal Subsidies

Fight over For-Profit Colleges Shows the Corrupting Influence of Federal Subsidies

Posted on January 31, 2010

The invaluable Tim Carney of the Washington Examiner is an expert at exposing the corruption of big government, and his article about for-profit colleges and government-subsidized tuition shows that everybody involved in this fight is sleazy. Unfortunately, no matter who wins, the taxpayers lose. It’s also worth pointing out that the main effect of government-financed […]

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Pinocchio Rove Strikes Again.

Pinocchio Rove Strikes Again.

Posted on January 30, 2010

George Bush ranks as one of America’s most fiscally irresponsible presidents. He increased overall spending from $1.8 trillion to $3.5 trillion and most of that new spending was used to create or expand domestic programs (no-bureaucrat-left-behind education spending, pork-filled highway bills, sleazy Wall Street bailouts, corrupt farm spending, new Medicare entitlements, etc) that are not […]

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The Case Against Bernanke.

The Case Against Bernanke.

Posted on January 29, 2010

The Washington establishment rallied behind Ben Bernanke, so the Fed Chairman was confirmed for another term. But this is precisely why he is the wrong man for the job. As the Wall Street Journal opines, Bernanke is guilty of two sins. His track record on monetary policy is weak, indicating an insufficient commitment to protecting […]

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The Global Warming Shakedown.

The Global Warming Shakedown.

Posted on January 28, 2010

When people ask me about global warming, or climate change, or whatever they’re calling it now, I freely admit that I’m not a climatologist and thus have no informed opinion on whether the planet is warming due to human activity (or whether this, on net, would be a bad thing). But I am somewhat familiar […]

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America Is Less Free than Canada?!?

America Is Less Free than Canada?!?

Posted on January 28, 2010

My favorite Heritage Foundation publication (other than the papers I wrote, of course) is the Index of Economic Freedom. The 2010 Index was just released and it is bad news for America. The United States moved significantly in the wrong direction, dropping 2.7 points (on a 0-to-100 scale), which was almost as bad as the reduction […]

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A Victory for the Rule of Law over IRS Bullying.

A Victory for the Rule of Law over IRS Bullying.

Posted on January 27, 2010

A Swiss court just threw a wrench in the gears of an IRS effort to impose bad US tax law on an extraterritorial basis, ruling that UBS does not have to hand over data to the American tax authorities. This ruling nullifies an agreement that the Swiss government was coerced into making with the US […]

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Obama's Spending Freeze: Wait for the Fine Print.

Obama's Spending Freeze: Wait for the Fine Print.

Posted on January 27, 2010

 As reported by the Wall Street Journal, the Obama Administration will propose a three-year freeze for a portion of the budget known as “non-defense discretionary” spending. Many critics will correctly note that this is like going on a drunken binge in Vegas and then temporarily joining Alcoholics Anonymous. Others will point out that more than 80 […]

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The Pampered and Insulated Life of Unionized Government Workers.

The Pampered and Insulated Life of Unionized Government Workers.

Posted on January 26, 2010

 New data from the Bureau of Labor Statistics shows that only 7.2 percent of private-sector workers belong to unions, which makes sense since unions behave in a myopic fashion and undermine competitiveness (and thus reduce jobs in the long run). On the other had, insulated from competition, 37.4 percent of bureaucrats are unionized. Moreover, because […]

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