Whether we’re looking at TARP bailouts, Obamacare, or tax loopholes, a common theme is that politicians implement a policy by arguing they want to help the less fortunate. When the dust settles, however, it is often the case that politically well-connected rich people are the big beneficiaries. The overall economy tends to be weaker, meanwhile, […]

There are legitimate reasons for local governments to own land, but surely it doesn’t make sense for them to hold on to surplus acreage. Better to get that land back in private hands, where it will be used for some productive purpose. This is why the downturn does have a silver lining. A handful of […]