The Real Purpose of a Bailout

from Kevin Williamson at National Review,  The Bailouts at Ten: I Told You So Never mind the moral hazard, the rent-seeking, the cronyism and the favoritism, and all of the inevitable corruption that inevitably accompanies multibillion-dollar sweetheart deals between...

Free Markets and Big Business

Ezra Klein writes in The Washington Post, Derek Khanna wants you to be able to unlock your cellphone, 3/9/13 Excerpt: There’s a difference between being the party of free markets and the party of existing businesses. Excessively tough copyright law is good for big...

Does Stimulus Work?

The government has spent trillions to stimulate the economy. Interest rates are at a record low. Yet American businesses are sitting on top of trillions of dollars of cash, reluctant to spend any of it to grow or hire.  Does stimulus not work? The theory is that...