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An Affront to Self Government

Mark Steyn writes in National Review Online, Swinging Kennedy,The liberties of more than 300 million people hinge on just one man , 3/31/12.  Steyn ponders how we arrived at a point where one of the most controversial pieces of legislation, passed on almost a purely...

Demand, Risk, and Friction Costs

Government economists justify stimulus as an effort to reinforce demand when the private demand volume is insufficient to maintain growth.  But demand varies by industry and is often only a partial explanation of the incentive to invest.  Stimulus policies assume that...

The Timid Minimum Wage

At The National Review Online, Deroy Murdock writes Minimum Wage: $100 Per Hour? Don’t be small-minded, America. 3/26/12 Excerpt: This super-stimulus would propel America’s GDP to Himalayan heights. A $100-per-hour minimum wage would give America’s 133 million workers...

Growth is Not Made in Washington

Economist Scott Grannis hits a home run in his blog, Calafia Beach Pundit in The natural forces of recovery, 3/28/12 This post is worthy in every sentence and is hard to excerpt.  Please read it in its entirety. Still, excerpts: Businesses have cut staff in order to...

Of Wheat and Health Care

Investor’s Business Daily Thomas Sowell writes Obscure Court Decision Gives Government Sweeping Power, 3/26/12. Excerpt: Roscoe Filburn was an Ohio farmer who grew some wheat to feed his family and some farm animals. But the U.S. Department of Agriculture fined him...