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 spending does not promote prosperity. In the face of the unprecedented congressional spending binge, […]
read more...This Double Taxation Working Group letter sent to United States Senator Jim DeMint thanks him for his leadership in the battle to block higher tax rates on capital gains and dividends.
read more...The U.S. Postal Service has been hemorrhaging money for decades, and it’s not hard to understand why. As a government protected monopoly, the Postal Service cannot adjust to changing market conditions like an ordinary business. In addition, they are often subject to political pressure and must make decisions on factors other than economics. The obvious […]
read more...Here’s a cheerful story I saw linked on Drudge, which shows that sometimes rich people are not guilt-ridden statists and instead stand shoulder to shoulder with ordinary people to fight bad government policy. In Australia, the leftist government wants to impose a class-warfare tax on the mining industry, but the scheme is backfiring as opponents […]
read more...The Associated Press has a thorough story looking at the utter failure in the War on Drugs. In part, this is a predictable result of government incompetence, akin to the War on Poverty. And just as the so-called War on Poverty has negative side effects such as increased dependency, the War on Drugs has negative […]
read more...I continue to be amazed at the creative ways that politicians buy votes with other people’s money. Here’s an article from the LA Times discussing the warnings of an Israeli economist about the long-term fiscal crisis his country faces because – at least in part – the government gives people welfare payments to pray and […]
read more...Here are some very depressing stories. The Daily Mail reports that a European Court has ruled that the U.K. no longer can impose restrictions on welfare payments to women married to suspected terrorists: A European court has instructed Britain to drop restrictions which limit social security benefits paid to the wives of terror suspects. Ministers […]
read more...As expected, the European Union and International Monetary Fund have chosen to subsidize the profligacy of Greek politicians. A deal has just been announced. As the Washington Post reports: Greece on Sunday announced a long-awaited deal with the European Union and International Monetary Fund for a $145 billion financial rescue, an unprecedented package… The three-year […]
read more...He’s only been Governor for a couple of months, and we have seen other elected officials start strong and then get captured by the special interested, but it certainly appears that Governor Christie of New Jersey genuinely intends to rescue his stated from becoming the Greece of America. Here’s an excerpt of what George Will […]
read more...Since the United States is the biggest funder of that bevy of kleptocrats and moochers known as the United Nations, it is especially painful to read stories about the rampant corruption that characterizes that international bureaucracy and its various divisions. Here’s a typical story about waste and fraud from The American: How pervasive are the […]
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