The Obama Administration is proposing to once again put the economy at risk by subsidizing banks to give mortgages to people with poor credit, even though we’re still dealing with the economic and fiscal damage caused by the last episode of government housing subsidies!

Should the federal government make life more difficult for low-skilled workers? I hope everyone will emphatically say “NO!” Heck, most people understandably will think you’re crazy for even asking such a preposterous question. But some of those people will also think that it’s a good idea for politicians in Washington to make low-skilled workers less […]

In large part because of an excessive burden of government, the American economy is suffering European-style stagnation, with even the Washington Post now confessing that growth far below the long-run trend. This helps explain why job creation has been so dismal in recent years, with more than twenty million Americans out of work, underemployed, or […]

Even though I knew some people would call me Scrooge, I wrote a few days ago about why we should get rid of the tax deduction for charitable contributions in exchange for lower tax rates. Simply stated, I’m a big advocate of fundamental tax reform, and I would like to scrap the corrupt internal revenue […]

Since I want to shut down the Department of Agriculture, that obviously means getting rid of the various subsidy programs that line the pockets of politically connected agri-businesses. To get an idea of how these corrupt programs operate, I strongly encourage you to read Paul Moreno’s column in National Review. Here’s a sampling of his expose on […]

Notwithstanding the title of this post, perhaps nobody deserves blame. Sometimes, a good or service rises in price solely as a result of changes in supply and demand. And if the price of something climbs because of market forces, then it’s merely a reflection of unfettered exchanges between buyers and sellers. But politicians and bureaucrats […]