Just yesterday, I proposed a “Golden Rule” for fiscal policy, based on the simple notion that the burden of government spending should grow slower than the private sector. And regular readers know about my narcissistic attempt to publicize “Mitchell’s Law” as a way of illustrating how politicians create problems and then use those problems to […]

I’ve commented on the corruption of the Solyndra scandal, but it’s important to understand this is not just a story of sleaze. From an economic perspective, the real problem is that green-energy programs cause a misallocation of capital. Simply stated, government intervention diverts resources from more productive uses. Here are a couple of examples, explained […]

I haven’t paid too much attention to the Solyndra scandal, except to note that waste, corruption and job losses are the inevitable consequences of big government and crony capitalism. But if you want a withering indictment of the sleaziness of the whole enterprise, a trip to Chicago is very illuminating. Here’s some of what John […]

The President’s “green energy” loan program has turned into an embarrassment for the White House, in part because of the sordid corruption associated with the bankruptcy of Solyndra. But the subsidy program also has attracted some negative attention for its failure to create jobs – even from media outlets that normally are sympathetic to big […]