Tag: government
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A New Federal Role in Economic Recovery
My post on fundamental assumptions generated some good discussion which began waxing economic in flavor. As part of that discussion I had a new idea about a more reasonable approach the federal government could take to soften economic hard times without outright manipulating our expectations of reality as they do now. I should start by…
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The Dangers of a Crisis Mentality
photo credit: paparutzi Soon after the election last year in the Wall Street Journal, Gerald Seib wrote about the opportunity presented by the financial crisis for Barack Obama. Perhaps he was simply reacting to Rahm Emanuel’s statement that, “you never want a serious crisis to go to waste.” Seib summed up that perspective on crisis…
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Budget Hero Revisited
A post from last year that came up in my daily archive caught my attention with its title, A Budgetary Hat-Trick, I had a look to remind myself and rediscovered Budget Hero. When I played last year the budget was projected to go bust in 2033 barring any changes and I managed to balance the…
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How Economies Work
photo credit: unforth When Adam Smith wrote The Wealth of Nations he was not writing about how economies and markets should work, he was writing about how they do work. Anyone who wants to know how they do work must read that book. Be prepared – it’s long and very detailed and you must be…
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Big Government = Big Solutions
photo credit: angel_shark If you want to walk a thousand miles you do it one step at a time. If you want to eat an elephant you do it one bite at a time. The genius of big government is that Congress believes that since there are more than 500 of them they can swallow…
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Money Down the Drain
A little statement from an article titled “Cash For Clunkers”: Did It Work? got me wondering about the fate of three hundred million dollars. When the $3 billion is exhausted, roughly 600,000 vehicles will have been swapped for more fuel-efficient models, based on statistics released from the government so far. Do the math there and…
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The Economic Bill of Rights
During his final State of the Union address Franklin Delano Roosevelt spoke about what he said could be considered a second bill of rights which may be referred to as The Economic Bill of Rights. In his address he said some important things that ring true such as: We cannot be content, no matter how…
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Government Can’t Do Charity
Those pushing the need for health care reform spend a lot of time talking about the uninsured and the many unfortunate people who cannot or will not afford to pay for health care. (Mostly they talk about the “cannot pay” people except when they are proposing to have individual mandates, then they start talking about…
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All Things to All People
In a classic case of Federal-sightedness, President Obama is stepping in to mediate an altercation between a black professor and a white police officer. Normally I would be disappointed that the President had nothing better to do but lately I have had more of a mindset where this makes me happy – in fact, I…
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An Affordable Health Care System
On Sunday, July 5, Paul Krugamn laid out his argument that affordable health care for everyone was an achievable goal.[quote] Many people would be surprised to learn that I agree with him on that. He correctly argues that we already cover the bulk of the most expensive health care patients by covering the elderly under…