Ending Poverty

Did you see yesterday’s Albuquerque Journal Op-Ed by Rosabeth Moss Kanter entitled “Poverty:
Capitalism’s Powder Keg?” In the Miami Herald it was entitled “Why Socialism is back in vogue in some places.” Excerpt”
Socialism is back in vogue in Latin America. Whatever one thinks about Venezuelan president Hugo Chávez’s outrageous politics, he enjoys support from poor barrios [...]

Economic Enigma

Steve Moore’s article yesterday does a superb job of dissecting John McCain’s economic philosophy from a market liberal perspective.
On limited government he frequently looks quite good:
“Look at my National Taxpayers Union rating. I’m near 100% every year.” (I do. He is.) Then he fumes: “I’m so disgusted with the way my party is wasting money. [...]

What do price “gouging” and “living” wage have in common with WalMart?

They are wedge issues. Here is how George Leef puts it:
Wedge issues show political hucksterism at its finest, just like the old-time snake-oil salesmen who took advantage of people’s ignorance to get them to buy bottles of elixir that supposedly cured all ailments. Conservatives and liberals each make use of wedge issues. The former’s wedge [...]

What is the Secret?

A special session of the legislature is scheduled to start tomorrow morning. Yet there is no specific proposal that I can find on the state’s website. Somehow that doesn’t seem right.

Whew!!!!

Young, inexperienced workers can breathe a sigh of relief. The “living wage” ordinance in Albuquerque failed–but just barely.

Grand Old Profligates

I am not surprised that Steve Moore shares (subscription) my view of the already profligate GOP’s response to the New Orleans tragedy:
“There’s an old adage that no one in Washington can tell the difference between $1 million and $1 billion. Seldom has that Beltway learning disability been more vividly demonstrated than in the weeks since [...]

So Much for Hope of Progress Toward Limited Government this Term

Bush’s proposal to throw money on New Orleans raises a bunch of initial comments and questions:
1. This will cost the average taxpayer (those who actually pay taxes) about $2,000 each. Harry to W: Yes, it is taxpayers who will foot this bill, not “government.”
2. Because of 1. I wonder how much private giving will be crowded out? [...]

A Challenge to the Wishful Thinkers

My mission in life is to keep pointing out that bigger, more intrusive government is counter productive. Those who think big government will improve our lives are wishful thinkers. For example, here is my very first blog. Or, here is the first research work I did for RGF.
Now empirical evidence of the counter productive effects [...]

Living Wage Bad in So Many Ways

You’ve probably noticed tha little yellow box on the home page of this website. It’s a quote from Henry Hazlitt that cites his “economics in one lesson” principle: The art of econmics is to look past the primary effect of some action to all of the good and bad effects that follow. [...]

More Thoughts on Political Process

Arnold Kling has some good thoughts on why political process leads to inferior results. Good follow-up to my post on why I think Tyler Cowen is wrong on Tax and Spend Limitations.

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