Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

August 25, 2009

Inflation Causes Misallocation of Production

The spike in car buying has caused automakers to ramp up production (via John Stossel): Many auto industry analysts and dealers expect sales volumes to fall now that the program is over. They worry that many people who took advantage of the program were merely accelerating purchases they would have made later in the year. […]

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August 21, 2009

Quote Of The Day

Earlier today, I provided one more reason why corn-based ethanol mandates/subsidies might be the dumbest government program ever. Chris Edwards of Cato@Liberty suggests that Cash for Clunkers might win that honor. I have to hand it to him, he provides a few good reasons supporting his case. All good reasons, but I’ll stick with ethanol, […]

Posted By: Brad Warbiany @ 3:57 pm || Permalink || Comments (27) || TrackBack URI || Categories: Government Incompetence,Government Waste
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August 11, 2009

Our Exalted Fearless Leader Almost Gets It

Obama is not a dumb man. He understands that government provisioning generally produces a worse service than private organizations which are dependent on people choosing to patronize them. Here he is pointing out that while Fedex is required by law to charge higher prices than the Post Office for equivalent services, it is the Post […]

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July 22, 2009

Control Without Responsibility

At Cafe Hayek, a letter to the editor by Andy Morriss to the Wall Street Journal is posted: Holman Jenkins asks “Does Obama Want to Own the Airlines?” (Business World, July 8). I am sure he does not. Rather than own them, the president and his congressional allies want to control the airlines — a […]

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July 21, 2009

Lies, Damn Lies, and California Budget Proposals

The news out of Sacramento appears good for the California middle class: The good news, Schwarzenegger glowed, is no new taxes. Digging a little deeper, of course, reveals the truth: REVENUES * Accelerate income tax withholding — $1.7 billion * Increase estimated tax payments for businesses and the self-employed — $610 million Between now and […]

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July 15, 2009

Mother Jones Takes on the War on (Some) Drugs

The July/August 2009 issue of the Left-leaning Mother Jones dedicates several articles to the asinine War on (some) Drugs. The title of the magazine’s cover story states it best – “Totally Wasted: We’ve blown $300 billion. Death squads roam Mexico. Cartels operate in 259 cities. This is your War on Drugs. Any Questions?” Reason’s Nick […]

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July 14, 2009

Make-Work Projects Don’t Create Prosperity

The purpose of society is to help people satisfy their needs. A major means used to satisfy needs are economic activities such as production, trade, and the performance of services. In a complex economy, it is easy to lose sight of this, and people begin to believe the fallacy that the purpose of an economy […]

Posted By: tarran @ 7:18 pm || Permalink || Comments (3) || TrackBack URI || Categories: Economics,Free Trade,Government Waste
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July 12, 2009

Kevin Drum on Doha

Kevin Drum actually makes sense on this one! Trade talks aren’t quite that bad. But they’re close. The Doha round in particular lives or dies based on the willingness of rich nations to substantially reduce tariffs and subsidies on agricultural products, and seriously, what are the odds of that? We can’t even have a serious […]

Posted By: Brad Warbiany @ 9:45 pm || Permalink || Comments (1) || TrackBack URI || Categories: Government Incompetence,Government Waste,Healthcare,Look About
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July 5, 2009

California’s problem is taxation

Instapundit links to a NYT Magazine propaganda piece about governing California, and the part about taxation reads as if it were written by Assembly Speaker Karen Bass, right down to euphemistically renaming taxes “revenue”: In the view of many, the origins of the mud slog began with the passage of Proposition 13 in 1978, the […]

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July 2, 2009

Diplomacy

Congress has been taking quite a few junkets on the taxpayer dime. Not a surprise, I know but the rate of increase (50% increase in last two years, 10x increase since 1995) is a bit of a shocker. Spending by lawmakers on taxpayer-financed trips abroad has risen sharply in recent years, a Wall Street Journal […]

Posted By: Brad Warbiany @ 8:42 am || Permalink || Comments (2) || TrackBack URI || Categories: Corruption,Government Ethics,Government Waste,Politics
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July 1, 2009

A Vote for Revenue

Politicians are usually most revealing when speaking off-the-cuff, and so it was with Karen Bass: Q: How do you think conservative talk radio has affected the Legislature’s work? A: The Republicans were essentially threatened and terrorized against voting for revenue. Now [some] are facing recalls. They operate under a terrorist threat: “You vote for revenue […]

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June 27, 2009

Public Schools and the Public Option

Imagine a private school where students sat in a math class for weeks misbehaving and learning nothing. Imagine that school gets on TV news because the administrators suspended the young lady who blew the whistle by taking a cell phone video and giving it to her mom who confronted them. Do you think that school […]

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June 17, 2009

In defense of rhetoric…

In response to Brad’s post below, he fails to point out that the Obama Administration and Congress, with its seemingly (though not literally) infinite wealth, pushed the stimulus bill through with the explicit purpose of creating jobs and even presented the public with a graph showing unemployment with and without (pg. 5) the passage of […]

Posted By: Jason Pye @ 5:41 am || Permalink || Comments (4) || TrackBack URI || Categories: Government Waste
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June 16, 2009

$3 Bazillion Spent & 3 Jobs Created. That’s A Bazillion Per Job! OMG!!

First, let me state categorically that I don’t believe government statistics. When they talk about $X Billions of dollars spent and Y00,000 numbers of jobs created, it’s clearly BS. The government rarely knows (or cares) how much of allocated money is actually spent until they’ve run out, and I think we all know that the […]

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June 5, 2009

Is The “Public Plan” True Market Competition?

I’m not sure if this is a case of drinking too early in the day or willful dishonesty, but I can’t quite understand why Ezra Klein would misrepresent his opposition this badly: I’ve been trying to figure out how to make this sound like more than a cute argument, because I think it’s actually a […]

Posted By: Brad Warbiany @ 5:10 am || Permalink || Comments (3) || TrackBack URI || Categories: Government Waste,Healthcare,Socialism,The Nanny State
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June 3, 2009

Valor Pleases You, Crom… So Grant Me One Request. Grant Me Revenge!*

The Governator is back. And this time, he takes no prisoners: Declaring that “California’s day of reckoning is here,” Gov. Arnold Schwarzenegger said today the state should turn its dire budget straits into an opportunity to make government more efficient. Speaking to a rare mid-year joint session of the Legislature and other constitutional officers, Schwarzenegger […]

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The 31-Year Old “In Charge Of” Automakers? I’m More Qualified Than This Guy!

So what happens when you go from your PoliSci undergrad degree, float through various political and think tank jobs, begin a law degree, and have no formal training in either economics or business? You get the job of running GM! It is not every 31-year-old who, in a first government job, finds himself dismantling General […]

Posted By: Brad Warbiany @ 10:18 am || Permalink || Comments (4) || TrackBack URI || Categories: Economics,Government Incompetence,Government Waste
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June 1, 2009

Quote Of The Day

When I posted the below open thread, one of the data points used to suggest things were actually recovering was a rise in income that was 0.6% higher than expect (and actually positive — expectation was negative). But it appears that this might be an anomaly brought on by our Congress. From The Big Picture: […]

Posted By: Brad Warbiany @ 12:08 pm || Permalink || Comments Off || TrackBack URI || Categories: Credit Crisis,Economics,Fiscal Policy,Government Waste
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May 20, 2009

Let Us Fail

California’s in a world of hurt, exacerbated by the fact that we didn’t offer to give the state a whole bunch more money during our ballot propositions yesterday. There are a lot of reasons for our pain, but it really comes down to a state that never quite understood TANSTAAFL. They’ve been sold the lie […]

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May 8, 2009

Richard Posner — The Bailout Saved The Economy!

Well, in my own mind, only until this bear market rally tanks, but I’ll get to that later. But here he goes: The bailout worked. At a relatively modest, though by ordinary standards very large ($17 billion), cost to the government, the auto companies were kept out of bankruptcy until the acute psychological phase of […]

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