Have you ever tried to run in waist-high water? It’s not easy, but it’s a useful exercise if you want to experience what it’s like to comply with government rules, regulation, paperwork, and red tape. Especially if you want to understand why it’s getting harder for American companies to compete against firms from other nations. […]
read more...I recently posted four charts eviscerating Obama’s record on jobs. My Cato colleague, Caleb Brown, has a good complement to those charts. He’s put together a short video looking at how government spending and regulation undermine job creation. Caleb says he will be doing more excellent videos like this, which is very encouraging since there […]
read more...I’ve had several reasons to mock California in the past couple of years (see here, here, here, and here). But I never thought state politicians would be crazy enough to impose harsh regulations on babysitting. Filling out a time card for your babysitter sounds absurd, but that’s just the tip of the iceberg in a […]
read more...The latest issue of the World Economic Forum’s Global Competitiveness Report contains some rather damning information about government incompetence in the United States. America ranks only 68th in the “Wastefulness of Government Spending” category (page 373) and 49th in the “Burden of Government Regulation” category (page 374). Singapore, by contrast, ranks first in both of […]
read more...The governments of Spain, Italy, Belgium and (of course) France recently imposed 15-day bans on “short selling,” which means they are prohibiting people from making investments that would be profitable if certain stocks fall in value. According to the politicians, the bans are being imposed to protect financial markets from “speculators” who cause “panics” by […]
read more...Tomorrow, August 12, will be a wonderful day. Based on calculations from Americans for Tax Reform, we will have finally worked long enough to finance the total cost of government for 2011. This means the money we earn for the rest of the year will be for the benefit of our families – rather than […]
read more...I think it may be time to update the dictionary definition of irony. George Soros, the billionaire who finances statist organizations and causes in order to promote more government, has decided that he doesn’t want to deal with some of the new regulatory burdens resulting from the Dodd-Frank bailout legislation. Consider this blurb from the […]
read more...Here are two superb articles on the financial crisis. First, from Peter Wallison at the American Enterprise Institute, we have a piece on the role of government housing subsidies. Since he warned, in advance, that Fannie Mae and Freddie Mac were ticking time bombs, Peter has great credibility on these issues. Here is his key […]
read more...I don’t know whether to be amused, disgusted, or angry, but any politician who says we need higher taxes is crazy so long as the federal government is squandering even one penny on sting operations designed to interfere with the freedom of consenting adults to busy and sell unpasteurized milk. Here are some excerpts from […]
read more...There hasn’t been much good economic news in recent years, but one bright spot for the economy is that the United States is a haven for foreign investors and this has helped attract more than $10 trillion to American capital markets according to Commerce Department data. These funds are hugely important for the health of […]
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