The Export-Import Bank is noxiously corrupt example of crony capitalism. It never should have been created. But that’s something we could say about most government programs. So the real question is how to reverse the damage. If we reform a big program such as Medicare, you can’t end it overnight. You have to deal with the reality that […]
read more...I like to think that very few people despise Obamacare more than me. I don’t like Obamacare because it’s a fiscal boondoggle. I don’t like Obamacare because it’s bad healthcare policy. I don’t like Obamacare because it generated an embarrassingly bad decision by the Supreme Court. I don’t like Obamacare because it is driving people out of the labor forceand into government […]
read more...I’ve written before that Obama’s Solyndra-style handouts have been a grotesque waste of tax dollars. I’ve argued that they destroy jobs rather than create jobs. I’ve gone on TV to explain why government intervention in energy creates a cesspool of cronyism. I’ve even shared a column from Obama’s hometown newspaper that criticizes the rank corruption […]
read more...I sometimes make fun of Republicans for being the “Stupid Party,” but I get genuinely agitated when they’re the “Statist Party.” You can forgive someone for not being intelligent, after all, but it’s much harder to look the other way when they deliberately and knowingly do the wrong thing. And that seems to be a […]
read more...I damned Obama with faint praise last year by asserting that he would never be able to make America as statist as France. My main point was to explain that the French people, notwithstanding their many positive attributes, seem hopelessly statist. At least that’s how they vote, even though they supposedly support spending cuts according […]
read more...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!
read more...I have a serious question for readers. What’s worse, bailouts for government or bailouts for the private sector? Yes, both are bad, but is it worse to bail out a bankrupt entitlement program, such as Social Security, or it is worse to bail out an industry, such as the financial sector? To bail out the […]
read more...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 […]
read more...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 […]
read more...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 […]
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