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Category: Budget and Tax Policy

State Opposition to Federal Healthcare Reform »

I’ve wondered why state governors and legislators haven’t been more vocal opponents of the healthcare reforms being drawn up in Washington.  All these proposals would put huge financial burdens on the states.
I haven’t seen much in the news until this article appeared, reporting that two Florida state senators are proposing that the state examine dropping [...]

Memo to Bankrupt Cities: Try Competition »

As cities across the country face growing deficits, instead of their current strategy of raising taxes and cutting services, they might like to take a look at a few case study examples of how those before them solved their challenges.
As an example, ten years ago we hosted the then-mayors of Indianapolis, Stephen Goldsmith, and [...]

Broken-Window Alert »

How many jobs has the “stimulus” package created? Sensible economists of course know this question cannot possibly be answered. Government spending directs resources toward politically favored projects at the expense of others, but the net effect on resource allocation, including the net effect on “jobs” — a heterogeneous category that depends on hours worked, job [...]

Government is Responsible for the Sorry State of our Roads and Bridges »

Steel girders crashing down on commuters crossing the Oakland-San Francisco Bay Bridge; drivers killed in Minneapolis as an overwater link on a major interstate highway collapsed underneath them; hundreds of people drowned in New Orleans as levees supposedly designed to protect the city from catastrophic flooding were overwhelmed by Hurricane Katrina’s storm surge.
There is an [...]

Obama’s Stimulus Credibilty Gap on Unemployment »

The House Republican Conference has just released the following graph on the unemployment effects of Barack Obama’s “stimulus” package:
Also, please see the following, award-winning Independent Institute book:
Out of Work: Unemployment and Government in Twentieth-Century America, Updated Edition
By Richard K. Vedder and Lowell E. Gallaway, Foreword by Martin Bronfenbrenner
(New York University Press)

Those Pesky Tax Laws II »

As an addendum to an earlier post citing the Obamas’ and various politicos’ (including Treasury Secretary Geithner and Tom Daschle) problems either understanding or adhering to the nation’s tax law, former Socialist Congressman Ron Dellums has apparently also decided that taxes are for the “little people.” He and his wife Cynthia owe at least $239,000 [...]

Libertarian: What’s in a Label? »

John Stossel (who’s leaving ABC to join the Fox Business Network) gave a well-received talk at my university yesterday titled “Freedom and Its Enemies.”  Several times during the talk he referred to himself as a libertarian.
Sometimes the libertarian label seems like a liability for people who are both (1) serious about substantially reducing the scope [...]

Can the Rampaging Leviathan Be Stopped or Slowed? »

In a recent commentary titled “Diagnostics and Therapeutics in Political Economy,” I endeavored to show that an analytical understanding of past growth in the government’s size, scope, and power does not permit us to prescribe effective means of stopping or slowing this growth, particularly any simple “silver bullet” remedy, and I specifically disclaimed any personal [...]

Robert Higgs on Fox News: The Folly of Obama’s Spending Spree »

Independent Institute Senior Fellow Robert Higgs is interviewed here by Judge Andrew Napolitano on Fox News’ program, “Freedom Watch,” regarding the utter folly of the gigantic federal spending programs first started under George W. Bush and now enormously expanded by Barack Obama and the U.S. Congress. Prolonging the recovery amidst enormous economic confusion and new [...]

Land of Obama Signs Away Children’s Future to Teachers’ Union »

President Obama has declared that “the challenges of a new century demand more time in the classroom.” Yet the State of Hawaii, where Obama himself graduated from a top private high school, has just signed a budget-cutting contract with its teachers’ union paring 17 Fridays from the remainder of school year, but leaving teachers [...]