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David Stockman, an OMB director under President Reagan, wrote a lengthy, but worthwhile, piece in Politico this week, blasting the Washington, D.C., establishment for creating a disastrous fiscal mess. He is pessimistic about our ability to get out of it, and I am increasingly coming to the view that some kind of fiscal and financial [...] As I like to say, in the context of political discussions, when people talk about the “rich”, they are generally referring to “people who make more than I do.” The term “the rich” means what people want it to mean, which perhaps means that it has lost much of its meaning. For those who think [...] Douglas Holtz-Eakin (former director of the CBO from 2003-5) recently published an excellent article in the New York Times documenting government deception regarding the budget numbers used to pass healthcare. To those who claim that the CBO considers the bill good for the federal budget, he has this to say (italics mine): How can the budget [...] I have blogged in the past regarding the fact that what I care about is not policy successes, so much as more people becoming libertarians. (Read the comments in that post, too.). Poor policies, like those being billed as healthcare “reform”, are simply a symptom of an underlying problem, people having poor ideas regarding economics [...] Yikes! Slate published an article recently that has gotten a lot of attention regarding how the Federal government poisoned its own citizens during Prohibition: Frustrated that people continued to consume so much alcohol even after it was banned, federal officials had decided to try a different kind of enforcement. They ordered the poisoning of industrial alcohols [...] 1. California’s insurance regulations have forced WellPoint to increase its premiums. As expected, the politicians are using the company as a scapegoat. More here. 2. A superintendent in Rhode Island has confronted unionized teachers by firing an entire school’s staff. 3. Tyler Cowen makes the case for a VAT. Generally good ideas, given the (bad) options among [...] Lord Acton has received empirical verification. Power does corrupt, according to a very interesting article from The Economist. (HT: Stephanie) I wonder if people who call for government intervention in our lives will take anything away from these experiments. Too often, people who want government intervention (in particular, liberals) claim that markets don’t always produce the [...] Laughter is the best medicine… (Via Students for Liberty.) |
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Copyright © 2010 Amol Kapila - All Rights Reserved |
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