Housing
Business & Economics
Prop 1A: Interview with economist Ben Zycher, who says the measure does not deliver on a promise of real spending reform
Ben Zycher, a senior fellow with the Pacific Research Institute, thoroughly reviewed the text of Proposition 1A before the voters this May, and was underwhelmed by alleged spending reforms, and critical of tax increases in the proposal. FR Publisher Jon Fleischman interviews noted economist Ben Zycher A few weeks ago, ...
Agriculture
Bank Bailout Blues
Undeterred by the failure of the last injection of taxpayer dollars into a bloated banking system, our financial crusaders in DC are scratching their heads over the best way to flush another few hundred billion away. The latest scheme involves the creation of a “bad bank” that would purchase the ...
Business & Economics
Don’t blame China for U.S. woes
Several Chinese readers have contacted me to express astonishment at the chorus of voices blaming China for the U.S. recession. They wonder: Is this the preamble of a protectionist backlash? There is plenty that China deserves to be bashed for – its political system and its backing of Sudan and ...
Business & Economics
“Do You Austrians Have a Better Idea?”
A lot of people get annoyed with Austrian economists because they tend to be so dogmatic (we prefer the term consistent) and because they cloak their strictly economic claims with self-righteousness (we prefer the term morality). After a good Austrian bashing of the latest call to steal taxpayer money and ...
Commentary
Our View: Despite qualms of some, universal health care becoming a reality
When Juan Figueroa, president of Meriden-based Universal Health Care Foundation, introduced “SustiNet” two weeks ago the response was, for the most part, enthusiastic. And why shouldn’t it be? Foundation officials said that if implemented over a five-year timeline, SustiNet would save households and businesses a combined total of $1.75 billion ...
Business & Economics
Taxpayer stimulus: Failures help sectors recalibrate
The sages at the National Bureau of Economic Research have finally concluded what many Americans have known for months: The United States is in a recession. Several prominent economists have recommended vast government spending as a cure. In the December issue of the New York Review of Books, Nobel Laureate ...
Business & Economics
Does “Depression Economics” Change the Rules?
Wily competitors have known for ages that if you can’t win the game, you can simply change the rules. Now, during normal economic times, if somebody recommended that the government borrow a trillion dollars and spend it on anything that moves, most economists (as well as common sense) would say, ...
Commentary
Reform Our Schools Mr. President Elect
Honorable President-elect Barack Obama: In nominating Arne Duncan to serve as Secretary of Education, you stressed the need for school reform. In accepting the nomination, Duncan said, “Whether it’s fighting poverty, strengthening our economy, or promoting opportunity, education is the common thread. It is the civil rights issue of our ...
Commentary
Follow the Foster-Care Leader
SACRAMENTO—With approximately 80,000 children, California has the nation’s largest foster-care population, according to the state’s Blue Ribbon Commission on Children in Foster Care. Californians should keep a close watch on Arizona, where the fate of the country’s first K-12 scholarship program for foster-care students is now in the hands of ...
Commentary
Rhode Island Seeks Caps on Medicaid, Will Shift Costs to Emergency Room Patients
In response to an ongoing state budget crisis, Rhode Island Gov. Don Carcieri (R) has requested the federal government relax its strict Medicaid regulations in exchange for caps on state spending and federal contributions to the program. The state’s plan is to cap Medicaid spending at 23 percent of the ...
Prop 1A: Interview with economist Ben Zycher, who says the measure does not deliver on a promise of real spending reform
Ben Zycher, a senior fellow with the Pacific Research Institute, thoroughly reviewed the text of Proposition 1A before the voters this May, and was underwhelmed by alleged spending reforms, and critical of tax increases in the proposal. FR Publisher Jon Fleischman interviews noted economist Ben Zycher A few weeks ago, ...
Bank Bailout Blues
Undeterred by the failure of the last injection of taxpayer dollars into a bloated banking system, our financial crusaders in DC are scratching their heads over the best way to flush another few hundred billion away. The latest scheme involves the creation of a “bad bank” that would purchase the ...
Don’t blame China for U.S. woes
Several Chinese readers have contacted me to express astonishment at the chorus of voices blaming China for the U.S. recession. They wonder: Is this the preamble of a protectionist backlash? There is plenty that China deserves to be bashed for – its political system and its backing of Sudan and ...
“Do You Austrians Have a Better Idea?”
A lot of people get annoyed with Austrian economists because they tend to be so dogmatic (we prefer the term consistent) and because they cloak their strictly economic claims with self-righteousness (we prefer the term morality). After a good Austrian bashing of the latest call to steal taxpayer money and ...
Our View: Despite qualms of some, universal health care becoming a reality
When Juan Figueroa, president of Meriden-based Universal Health Care Foundation, introduced “SustiNet” two weeks ago the response was, for the most part, enthusiastic. And why shouldn’t it be? Foundation officials said that if implemented over a five-year timeline, SustiNet would save households and businesses a combined total of $1.75 billion ...
Taxpayer stimulus: Failures help sectors recalibrate
The sages at the National Bureau of Economic Research have finally concluded what many Americans have known for months: The United States is in a recession. Several prominent economists have recommended vast government spending as a cure. In the December issue of the New York Review of Books, Nobel Laureate ...
Does “Depression Economics” Change the Rules?
Wily competitors have known for ages that if you can’t win the game, you can simply change the rules. Now, during normal economic times, if somebody recommended that the government borrow a trillion dollars and spend it on anything that moves, most economists (as well as common sense) would say, ...
Reform Our Schools Mr. President Elect
Honorable President-elect Barack Obama: In nominating Arne Duncan to serve as Secretary of Education, you stressed the need for school reform. In accepting the nomination, Duncan said, “Whether it’s fighting poverty, strengthening our economy, or promoting opportunity, education is the common thread. It is the civil rights issue of our ...
Follow the Foster-Care Leader
SACRAMENTO—With approximately 80,000 children, California has the nation’s largest foster-care population, according to the state’s Blue Ribbon Commission on Children in Foster Care. Californians should keep a close watch on Arizona, where the fate of the country’s first K-12 scholarship program for foster-care students is now in the hands of ...
Rhode Island Seeks Caps on Medicaid, Will Shift Costs to Emergency Room Patients
In response to an ongoing state budget crisis, Rhode Island Gov. Don Carcieri (R) has requested the federal government relax its strict Medicaid regulations in exchange for caps on state spending and federal contributions to the program. The state’s plan is to cap Medicaid spending at 23 percent of the ...
