In the early twentieth century, known as the “progressive era,” the United States embarked on a spree of regulatory projects. One such project was airline regulation, which led to the creation of the Civil Aeronautics Board (CAB). The CAB controlled entry into the market, air routes, and air fares. Fortunately, realizing the harmful consequences of … Continue reading How Deregulating Real Estate Markets Can Solve America’s Shortage of Affordable Housing
Category: Economy
Back in 2009 President Obama famously proclaimed, “There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy.” And Vice President Biden chimed in: “Every economist, as I’ve said, from conservative to liberal, acknowledges that direct government spending on a direct program now is the best way to infuse … Continue reading Fact Check: Yes, There Are Economists against Biden’s $1.9 Trillion Plan
President Biden just signed his sweeping $1.9 trillion spending package into law. Once this bill hits the books, total taxpayer expenditure on (ostensibly) COVID relief will hit $6 trillion—which, roughly estimated, comes out to $41,870 in spending per federal taxpayer. Did you see anywhere near that much in benefit? The sheer immensity of this spending … Continue reading Federal ‘COVID’ Spending Just Hit $41,870 Per Taxpayer. Did You See That Much in Benefit?
The media were flooded Monday with news that the Biden administration is working on a colossal new $3 trillion to $4 trillion spending plan. While full details are not available yet, the plan appears to be another left-wing grab bag of big-government proposals. Rather than stimulating the economy, it would stimulate bigger government while funneling unprecedented amounts … Continue reading $3T Infrastructure Grab Bag Would Strangle Economy, Americans With Debt, Taxes
President Joe Biden signed into law an enormous, debt-financed “stimulus” package. This was the final step in a multi-month process to pass a heavily flawed piece of legislation. We might be tempted to hope that this will finally sate the left’s appetite for big government. After all, the size and scope of government will expand more than … Continue reading 5 Charts Show Why Congress Must Stop Adding to National Debt
President Biden has proposed $1.9 trillion in additional COVID-19 spending. He's asking Congress to authorize another round of checks, more expanded unemployment benefits, a $15 minimum wage, and much, much more. Over the weekend, House Democrats finally released the text of the 600-page bill meant to make Biden’s broad COVID proposals a legislative reality. Critics and … Continue reading 10 Crazy Examples of Unrelated Waste and Partisan Kick-Backs in New ‘COVID’ Bill
A century ago, the Mother Ship of Socialism—the Soviet Union—was teetering on the precipice. The Poles had just vanquished the hopes of dictator Vladimir Lenin to sweep across Europe. Under the bludgeon of Marxist central planning, the economy had collapsed to a fraction of its pre-war dimensions. The country was seething in discontent. Insurrection seemed … Continue reading Lenin’s New Economic Policy: When the Soviets Admitted Socialism Doesn’t Work
President Biden is introducing an infrastructure plan costing $2 trillion. The plan is a combination of subsidies for corporations and subsidies for state and local governments. Both types of subsidies are unneeded and wasteful. Biden wants $135 billion for highways and bridges, $111 billion for water supply, $100 billion for schools, $85 billion for transit, $25 billion for airports, $17 … Continue reading Biden Proposes Massive Corporate Welfare
When the Trump administration decreed a nationwide eviction moratorium in September, I suggested in this space that the measure would face tough sledding in federal court. That’s not because the current state of constitutional law is as protective as it should be of property owners’ rights — in fact, it’s not nearly as protective as one would like. … Continue reading A Third Federal Court Rules Federal Eviction Moratorium Illegal
Part of the fight over the $1.9 trillion “stimulus” package recently passed by President Biden and his allies in Congress was whether we could really afford nearly $2 trillion more in spending amid skyrocketing debt and already having spent record-levels of money ostensibly on ‘COVID’ relief. But according to a recent report, the latest legislation … Continue reading Latest ‘Stimulus’ Plan Could Cost Twice as Much As Expected, Report Warns
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