The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. – F.A. Hayek
Posted in Government Gone Wild on Apr 21st, 2010
Here he is, for the first time, softens up his stance on not taxing anyone other than truly wealthy. Taxation is legalized plunder. The government takes something from you without your consent. That millions of people vote to have this theft put on them does not make it any less unjust. And what is this [...]
Posted in Government Gone Wild on Apr 12th, 2010
And the spending orgy continues … at least the prior orgies were funding American profligacy …
What could be more outrageous than the hefty subsidies the U.S. government lavishes on rich American cotton farmers?
How about the hefty subsidies the U.S. government is about to start lavishing on rich Brazilian cotton farmers? (See the top 10 green [...]
Posted in Government Gone Wild on Mar 31st, 2010
President Obama:
If you like your health insurance, you can keep it …
…
this health reform plan will be deficit neutral.
Today I learned this about the most totally awesome health care plan to save America:
It includes … a ban on using funds from flexible spending accounts, health reimbursement arrangements or health savings accounts for the [...]
Posted in Classical Liberalism, Government Gone Wild on Mar 28th, 2010
It is simple. It is the institution that has a monopoly on the use of force to achieve its objectives. In short, government is force. There is not a simpler answer. And of course, when classical liberals point this out we are viewed as utopian cranks – as if the government never uses such power [...]
Posted in Government Gone Wild on Mar 28th, 2010
I briefly addressed why I am not surprised by the small amount of violence that broke out last week when some Americans started to realize the absolute sham and joke that is American democracy. Lots of my thoughtful students have asked me repeatedly, “I see that the economics they practice is awful, so why do [...]
Posted in Government Gone Wild on Mar 23rd, 2010
In the Executive Office and in Congress, some people are more equal than others.
While many Chicago parents took formal routes to land their children in the best schools, the well-connected also sought help through a shadowy appeals system created in recent years under former schools chief Arne Duncan.
This from a guy who ended the school [...]
Posted in Government Gone Wild, Health Care on Mar 22nd, 2010
Let’s take a little look at how government spending on Medicare and Medicaid has increased since their inception, versus how private spending (in a heavily regulated world) has increased over that same time period.
Between 1970 and 2008, government spending on Medicare and Medicaid grew from $28.1 billion to $1.107 trillion.Adjusting for inflation, the $28.1 billion [...]
Posted in Constitution, Government Gone Wild on Mar 21st, 2010
You thought I was talking about the health “care” power play? Heck no. Let’s have a very brief lesson on the constitution. Here is what Article I, Section II, Clause 3 says in its entirety:
Representatives and direct Taxes shall be apportioned among the several States which may be included within this Union, according to their [...]
Posted in Government Gone Wild on Mar 20th, 2010
Posted in Government Gone Wild on Mar 16th, 2010
I’ll help the President along with his ambitious election promises.
The total value of federal debt outstanding is $12.4 trillion as of mid-February 2010. That was the maximum amount that the Treasury was permitted to borrow under the law until …
… President Obama and Congress raised the debt limit to $14.3 trillion. This is roughly the [...]
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