Tax breaks are not tax subsidies

Saturday, August 14th, 2010

Too often I've heard people refer to tax breaks or tax exemptions as "subsidies." Freeman Editor  Sheldon Richman does a great job explaining the difference.  Some excerpts: A subsidy is a cash grant from the government. ... government intervention enables people to obtain money they were not entitled to; the ...

Proposed Boulder plastic bag ban: authoritarian environmentalism that suffocates freedom & creativity

Sunday, January 17th, 2010

Background from Daily Camera: Shopping in Boulder could get greener if some local students have their way. Inspired in part by a ban that passed in San Francisco in 2007, New Vista High and University of Colorado students are drafting an ordinance that would prohibit businesses -- such as grocery stores ...

Government debt: the state lives at the expense of everybody

Sunday, December 20th, 2009

The Daily Camera (Boulder) published my response its  question about the biggest news story of 2009: Government debt. In June Fortune reported that "chronic deficits are putting the country on a path to fiscal collapse." The United States Government debt exceeds $12 trillion, or almost $40,000 per U.S. citizen. By 2019 ...

Paul Krugman’s partisan economics

Sunday, August 30th, 2009

Don Boudreaux submitted a great letter to the editor about Krugman's partisan economics. Good stuff.   My posts about Krugman and health care illustrate why I lack respect for the guy, but Boudreaux's letter does this quite efficiently. (Thanks to Justin Longo for the pointer.)

Don’t just “do something,” stand there

Monday, January 12th, 2009

From Russ Roberts' op-ed in the Wall Street Journal*: Back in March, Henry Paulson, Ben Bernanke and the experts assured us that Bear Stearns had to be propped up. If not, the whole system could come crashing down. It is crashing down anyway. Just as in the 1930s, there is no ...

Paul Krugman: got a problem, pass a law!

Thursday, January 1st, 2009

Economist David Henderson articulates one of my frustrations with Paul Krugman: Paul Krugman seems never to take account of the findings of public choice. Even a basic understanding of public choice would make him question his views about how effective government can be in achieving good things. This comes ...

Stossel on deficit spending

Sunday, December 28th, 2008

John Stossel writes eloquently on the danger and injustice of deficit spending: Obama must realize that government has no wealth of its own and that commandeering scarce resources from the private sector only stifles the economy. Deficit spending does this two ways. When the Treasury borrows money, it outbids private borrowers ...

The Krugman Recipe for Depression

Tuesday, December 23rd, 2008

Amity Shlaes in the Wall Street Journal: Massive government spending is no solution to unemployment. Paul Krugman of the New York Times has been on the attack lately in regard to the New Deal. His new book "The Return of Depression Economics," emphasizes the importance of New Deal-style spending. He has said ...

Support tax-funded schools? Then donate your own money.

Monday, November 24th, 2008

The Rocky Mountain News published my letter to the editor last week: Amendment 59 backers should send refunds to schools Let the "begathon" begin! That's what educators would need to raise school funding because Amendment 59 failed, said Colorado Association of School Boards director Jane Urschel ("Despite defeat, Ritter aims for budget ...

Honda opens new U.S. plant as Detroit seeks bailout

Monday, November 17th, 2008

From Reuters, November 17: GREENSBURG, Indiana (Reuters) - The rest of the country may have been debating the possible bankruptcy of America's iconic automakers on Monday, but in southeast Indiana more than 1,000 U.S. workers were cheering the opening of Honda's newest assembly plant. ... The rise of Honda's mammoth new ...