Tag Archives : Crony Capitalism
The Odious Corruption Enabled by Big Government
Two cases demonstrate the bipartisan dangers of cronyism.
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America Should Export a Belief in the Free Market, Not Cronyism
Numerous arguments have been made here in opposition to re-authorization of the Export-Import bank. But perhaps the most fundamental is that America ought to lead by example when it comes to belief in the free market. We should not be exporting support for cronyism to the world. Unsure about whether the Export-Import bank is an […]
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Taxpayers Will Lose the Battle of the Energy Cronies
Government mandates benefit the politically connected, not consumers.
read more...A Test for the GOP: Shutting Down the Spigot of Corporate Welfare at the Export-Import Bank
Republicans are telling voters that they’ve learned the hard lessons from the 2006 and 2008 elections and that they are back on the side of taxpayers. I’m not convinced, which is why I’ve outlined some key tests that will demonstrate whether the GOP genuinely supports limited government. o No tax increases, since more money for […]
read more...Is Warren Buffett’s Support for Higher Taxes a Way of Paying Back Politicians for Big-Government Policies that Line His Pockets?
President Obama, echoed by the establishment media, routinely trumpets Warren Buffett’s support for higher taxes. If this rich guy is willing to pay more, the story goes, then surely the rest of us peasants should just roll over and acquiesce to the President’s class-warfare tax policy. Well, one reason we shouldn’t surrender is that Buffett […]
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Walter Williams vs. Barack Obama on Class Warfare
It isn’t fair to compare and contrast the views of a distinguished economist with the envious ramblings of a career politician/community activist. But it’s also not right for the government to use coercion to impose bad policy, so I don’t feel guilty about sharing this excerpt from a recent Walter Williams column. President Barack Obama, […]
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“Capitalism without Bankruptcy Is Like Religion without Hell”
After any news appearance, I torment myself by watching the clip and telling myself I should have said something differently or raised a different point. But I’m actually happy with this appearance on Fox Business News because I (hopefully) explained the difference between wealth that is honestly accumulated and loot that is obtained through government […]
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I’m Proud of Americans for Rejecting the GM Looters and Buying Ford Instead
I’ll start with an important caveat and state that Ford is far from a perfect company. It has its snout in the trough for boondoggles such as green energy programs. And it happily benefits from protectionist restrictions on foreign pickup trucks and SUVs. That having been said, there is an enormous difference between Ford, which […]
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The Solyndra Scandal Reeks, but the Entire Green-Energy Program Is a Scam
I’ve commented on the corruption of the Solyndra scandal, but it’s important to understand this is not just a story of sleaze. From an economic perspective, the real problem is that green-energy programs cause a misallocation of capital. Simply stated, government intervention diverts resources from more productive uses. Here are a couple of examples, explained […]
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Corrupt Obamacare Waiver Process Is Like a Scene from Atlas Shrugged
In a column about the revolving door between big government and the lobbying world, here’s what the irreplaceable Tim Carney wrote about the waiver process for folks trying to escape the burden of government-run healthcare. Congress imposes mandates on other entities, but gives bureaucrats the power to waive those mandates. To get such a waiver, […]
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