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Politics

Social engineering runs amok in the Department of Labor

A few years ago, the U.S. Chamber of Commerce released two reports detailing enforcement and litigation abuses by the Department of Labor's Office of Federal Contract Compliance Programs, or OFCCP. Instead of holding firms accountable when they engage in real discrimination against their employees, the agency has become a government arm for ...Read more

Once again, government-subsidized projects fail to deliver

In June 2018, President Donald Trump attended the groundbreaking ceremony for a Foxconn factory in Wisconsin. Ever exuberant in his comments, he called the project the "eighth wonder of the world" and "one of the great deals, ever." Always a bragger, his praise was directed at himself for orchestrating the use of state subsidies and tax credits ...Read more

It's resolution time for Congress and the Administration

Mark Twain once wrote, "New Year's is a harmless annual institution, of no particular use to anybody save as a scapegoat for promiscuous drunks, and friendly calls, and humbug resolutions, and we wish you to enjoy it with a looseness suited to the greatness of the occasion." I love this quote, which is unfortunately all too accurate. Yet, I can'...Read more

Free markets don't work during this period of peak entitlement mentality

Looking back at 2019 is incredibly disorienting. The country is horribly divided. In fact, the president of the United States was just impeached along partisan lines. The government is running trillion dollar (and growing) annual budget deficits, even though the economy is doing well. Still, listening to many politicians and pundits, you'd think...Read more

Politicians are addicted to price controls

Despite overwhelming historical evidence demonstrating the folly of government-imposed price controls, modern politicians just can't seem to quit inflicting them on us. One obvious example involves health care, where price controls on prescription medications always seem to be just around the corner and are now being considered in the rush to ...Read more

Will the fed edge out the competition with real-time payments?

Imagine what it must be like for private companies that have invested in a new technology and suddenly find out they have to compete with a tax-supported government agency -- the very one that also regulates the industry. That's what happened when the Federal Reserve entered the real-time payments market. What this development means for the ...Read more

Congress' continuing resolution is an opportunity for reform

Once again, Congress failed to pass its budget before the end of the fiscal year on Sept. 30. It also failed to do this critical part of its job before the continuing resolution, or CR -- which they enacted in September to fund the government -- expired on Nov. 21. The sorry result is that Congress compelled itself to adopt yet another CR, one ...Read more

The end is not nigh -- There is much to be thankful for

At a time when our country seems as divided as ever and many are talking as if the end times are coming, it's more important than ever to look at what we should be thankful for.

Unemployment is at its lowest level in nearly 50 years. Poverty is down, too. Since 1990, average life expectancy in the United States increased from 75.4 to 78.6 years...Read more

Export-import bank reauthorization lacks needed reform

When the U.S. House of Representatives voted to reauthorize the Export-Import Bank last week, special interests got their way in the swamp that is Washington. While advocates for the nation's official export credit agency pretend it supports small businesses, grows exports and sustains growth, the reality is quite different. Ex-Im Bank is better...Read more

Crony Christmas lists crammed into Congressional crisis

Here we go again. We're approaching another deadline to pass a government spending bill or risk a government shutdown. Legislators routinely manufacture this sort of "crisis" to ram through provisions that wouldn't survive scrutiny standing on their own. Congress is reportedly likely to push the budget deadline into December, but whenever the ...Read more

Plans by Warren and Sanders neglect logic, math and honesty

The more I follow the Democratic presidential campaign, the more I see how little I understand some people. After all, we can have differences when it comes to ideology, and we can aspire to different things in life. We can even have different understandings of what morality means. Still, there are things on which we should all agree: Because ...Read more

End the failed renewable fuel standard experiment

It's time for the annual Congressional fight over the Renewable Fuel Standard, or RFS. In one corner sit corn farmers and their representatives, who fight tenaciously not just to preserve the RFS but to expand it. In the other sits, well, just about everyone else. Whether you are a refiner, a consumer, an environmentalist, a free market ...Read more

Candidates' wealth tax proposals demonstrate spooky economic ignorance

It's open season on wealth and those who create it. Candidates for the Democratic presidential nomination like Sen. Bernie Sanders, for instance, say that "Billionaires should not exist" and the wealth disparity in America is "a moral and economic outrage." California businessman Tom Steyer -- who happens to be a billionaire -- says that "...Read more

 

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