Paul Krugman has told us that awful stories about government-run healthcare in Britain “are false.” I guess this means that the media must be dominated by conservative liars, since we keep getting reports about substandard care and needless deaths (see here, here, here, here, here, here, here, here, here and here). And the Boston Globe and Associated Press must be part of this vast […]

I’ve explained on many occasions how the financial crisis was largely the result of government-imposed mistakes, and I’ve paid considerable attention to the role of easy money by the Federal Reserve and the perverse subsidies provided by Fannie Mae and Freddie Mac. But I’ve only once touched on the role of the Basel regulations on […]

Remember my post from a week ago when I said I was not a Republican even though Ronald Reagan and Calvin Coolidge are two of my heroes? Well, now I have another reason to despise the GOP. Those reprehensible statists just voted to expand federal housing subsidies. Here are some excerpts from an excellent National Review column […]

I recently commented on some astounding numbers showing that each regulatory bureaucrat destroys 100 jobs in the productive sector of the economy. That’s obviously terrible news. Heck, it would be awful if each bureaucrat caused the destruction of 2 private-sector jobs. But here are some excerpts from a John Stossel column about how the bureaucrats […]

Last year, I reported on a study from the Small Business Administration that estimated that federal regulation costs the economy a staggering $1.75 trillion every year. But that number is so large that it’s hard to understand what it actually means, so let’s look at some new research to better understand the impact of red […]

Over and over again, I tell people to ignore whether politicians have a D or an R after their names. That’s because Democrats sometimes do the right thing and Republicans often do the wrong thing. My latest example of Republicans doing the wrong thing come from Florida, where GOP politicians decided that free markets should […]

I have no idea whether George Santayana was a good philosopher, but he certainly was right when he wrote, “Those who do not learn from history are doomed to repeat it.” Consider the fools in the U.S. Senate. They just voted to expand Fannie Mae and Freddie Mac subsidies, apparently thinking that re-inflating the housing […]