The Congressional Budget Office recently estimated that the so-called stimulus generated jobs and growth. I addressed some of the profound shortcomings in CBO’s Keynesian model in a previous post, pointing out that the model is structured to produce certain…
Daily Analysis
Decimating Obamacare.
Dan Mitchell doesn’t get to talk until after the 3-minute mark, but he then explains why Obamacare will undermine the healthcare system. His basic point is that government intervention is the reason why the current system has problems, and that those problems…
Keynesian Economics and the Wizard of Oz.
When Dorothy and her friends finally reach Oz, they present themselves to the almighty Wizard, only to eventually discover that he is just an illusion maintained by a charlatan hiding behind a curtain. This seems eerily akin to the state of Keynesian economics. It…
Big Business and Big Government in Bed Together: The Example of Corrupt Pharmaceutical Companies.
This column by Tim Carney in the Washington Examiner should make every honest person nauseous. It explains how the big pharmaceutical companies are Obama’s biggest allies. This is well know inside the beltway, but average Americans don’t understand that…
Obamacare Means Dramatic Expansion of IRS Power.
I know I promised extra political humor this week, but here’s some extra policy pain. Not only does government-run healthcare mean more spending, more regulation,and more taxes, but it also means more power for the internal revenue service. A new report reveals…
Maryland Politicians Crash on the Laffer Curve.
An insightful editorial from the Wall Street Journal examines how soak-the-rich taxes in Maryland backfired, leading to less revenue for the government. The politicians would like us to think this is just the effect of the recession, but the article points out that…
Thomas Sowell: Obama's Policies Are a Sedative, not a Stimulus.
As usual, Sowell is right on the mark. By expanding the size and burden of government, Obama is making it more difficult for the economy to prosper: President Obama keeps telling us that he is “creating jobs.” But more and more Americans have no jobs. The…
Resist Government Racism.
Here’s an excellent idea for all American readers. One of the guys who posts on National Review Online is urging everyone to identify themselves as “some other race” on the census form. And writing “American” next to that box would be an…
A Bad Use of Resources.
According to the Sacramento Fox Network affiliate, a car wash in Sacramento recently came under investigation by the IRS and even received a visit from federal agents. The cause: The car wash owed a whopping four cents in backed taxes. Certainly there is a valid…
Washington Post Calls for Postal Service Privatization!
Do my eyes deceive me? Has you-know-what frozen over? Something strange clearly has happened in the universe, because the Washington Post’s editorial page has published a very sensible piece about the Postal Service, noting the system is fundamentally unsound…