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Tag Archives : Cronyism

The Biggest Impediment for the Poor is Government, Not Inequality

The Biggest Impediment for the Poor is Government, Not Inequality

Posted on January 21, 2014

A bunch of well-connected rich people and government officials are descending upon Switzerland for the annual World Economic Forum meeting in Davos. This upsets many people, and perhaps with some justification. After all, bad things often happen when big business and big government intersect. But some folks reflexively think that wealth is bad and they would like us to believe […]

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Washington’s Over-Compensated Shadow Bureaucracy and the Real Income-Inequality Problem

Washington’s Over-Compensated Shadow Bureaucracy and the Real Income-Inequality Problem

Posted on January 7, 2014

One of my most widely read – but also most depressing – articles was from about two years ago and it exposed the fact that Washington, DC, is now the nation’s richest region. I explained that Washington is rich because of unearned wealth. Almost all of the loot that winds up in the pockets of highly paid lobbyists, […]

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TARP Was Bad, but the Looming Obamacare Bailout for Corrupt Insurance Companies Could Be Worse

TARP Was Bad, but the Looming Obamacare Bailout for Corrupt Insurance Companies Could Be Worse

Posted on January 3, 2014

I hate to dredge up bad memories so early in a new year, but we need to remind ourselves of the awful TARP bailout of 2008. Our financial system had gone out of whack because of bad monetary policy from the Federal Reserve and unsustainable housing subsidies from Fannie Mae and Freddie Mac. Some financial institutions gambled on […]

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Happy Crony New Year

Happy Crony New Year

Posted on January 1, 2014

Let’s start 2014 with a depressing story about the reprehensible way in which big companies get in bed with big government. If asked to list the example of cronyism that I find most nauseating, the Export-Import Bank would be at the top of my list. The Obamacare handouts for Big Insuranceand Big Pharma obviously belong on the list as well. […]

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It’s a Very Merry Christmas for Washington’s Parasite Class

It’s a Very Merry Christmas for Washington’s Parasite Class

Posted on December 23, 2013

Last year, while writing about the sleazy and self-serving behavior at the IRS, I came up with a Theorem that explains day-to-day behavior in Washington. It might not be as pithy as Mitchell’s Law, and it doesn’t contain an important policy prescription like Mitchell’s Golden Rule, but it could be the motto of the federal […]

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Special Interest Cronies Join Forces to Fight Sequester

Special Interest Cronies Join Forces to Fight Sequester

Posted on December 5, 2013

The sequester was a victory for advocates of small government and a major defeat for the Obama administration. It was also a defeat for the special interest bottom feeders who leech off the American taxpayer. But they’re not going down quietly: The defense aerospace industry gave 60 percent of its donations to Republicans during the […]

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Lesson from the Birth Control Mandate: When You Mix Big Government and Big Business, You Get Big Corruption

Lesson from the Birth Control Mandate: When You Mix Big Government and Big Business, You Get Big Corruption

Posted on December 2, 2013

Remember Sandra Fluke, the 30-year old student who got her 15 minutes of fame last year by becoming the poster child for subsidized birth control? She’s fortunately faded away, but the issue is still with us because the courts are being asked to decide whether government has the right to coerce people into decisions that […]

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Big Government Redistributes Money from Ordinary Americans to Benefit Washington’s Gilded Class

Big Government Redistributes Money from Ordinary Americans to Benefit Washington’s Gilded Class

Posted on November 21, 2013

Regular readers know I complain about the army of overpaid bureaucrats in Washington, but that’s just the tip of the iceberg. The larger problem is that Washington also is filled with hundreds of thousands of other people who get rich thanks to big government. And these politicians, lobbyists, crony capitalists, interest groups, contractors, and influence […]

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Taxpayers Will Lose the Battle of the Energy Cronies

Taxpayers Will Lose the Battle of the Energy Cronies

Posted on November 10, 2013

Government mandates benefit the politically connected, not consumers.

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The Inbred Corruption of Washington

The Inbred Corruption of Washington

Posted on September 10, 2013

At the risk of oversimplifying, there are two major challenges to overcome when you’re a pro-freedom policy wonk in Washington. The first challenge is getting people to connect the dots. They may understand that the job market is weak and they may understand that redistribution programs are overly generous, but can you help them understand […]

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