Big Government shouldn’t be confused with Government proper. Government proper, limited in its power and scope to only those tasks which legitimately protect life, liberty, and property from fraud and criminality, is not Big Government. It is the foundation of a free civilization. Here are some definitions of Big Government from a few online dictionaries. “Government perceived [...]
Continue reading...3. August 2009
Cash For Clunkers is an economically unsound program that will only make the American economic situation worse. It transfers wealth from one group of people to another while simultaneously destroying real wealth and misallocating scarce capital away from its best use. To understand why this is, you need only understand the Broken Window Fallacy.
Continue reading...16. July 2009
From Hot Air: New White House spin: Stimulus not designed to … stimulate ABC Reports today that White House spokesman Robert Gibbs said at a briefing Thursday, The $787 billion “American Recovery and Reinvestment Act” (AARA) was not designed for full economic recovery, but rather to “stabilize” the downturn. That’s the word from White House officials today, who [...]
Continue reading...16. July 2009
Note: The below is an updated take on a post I wrote and published this in early October 2008 under the title, “The Super Easy Guide to Understanding The Financial Crisis.” Stick with it. When you understand how the Federal Reserve hurts small businesses, you will understand why it is so important that [...]
Continue reading...9. June 2009
Governor Mark Sanford's anti-bailout TV commercial resonated (off the charts) with people who self-identify as Republicans and Democrats.
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4. September 2009
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