According to a handful of my favorite bloggers,* the USSC ruled that the health care mandate is constitutional because it’s a tax and congress is authorized to levy taxes. I would say that I’m surprised with the ruling, but that would mean I cared about the ruling before it was handed down. ObamaCare is . . . → Read More: A Funny Thing Happened on the Way to the Supreme Court
What should government do?
In the question “What should government do?”, economists have one big answer “do the public goods”. A public good is something that is non-rival (the consumption by one does not come at the cost of consumption by another) and non-excludable (it is not possible to exclude someone from benefiting from . . . → Read More: Is building and running the IIT JEE a public goods problem?
It doesn’t get much clearer than this:
The first case—Obama triumphant—obviously makes it easiest to imagine America doing what it takes to restore full employment. In effect, the Obama administration would get an opportunity at a do-over, taking the strong steps it failed to take in 2009. Since Obama is unlikely to have a . . . → Read More: The Choice Is(n’t) Yours
Here’s a summary of a new research paper that claims the government regulation has had positive effects on the environment:
Levels of copper, cadmium, lead and other metals in Southern California’s coastal waters have plummeted over the past four decades, according to new research from USC.
Samples taken off the coast reveal that the . . . → Read More: Clean Water
I have just one question in response to this paragraph:
Contrary to what we hear from Republicans, America did not lose its way in the past few years. It lost its way a generation ago when it abandoned its faith in government.
If no one has faith in the government, why can’t Americans to . . . → Read More: Follow the Money
It’s all about power:
So why was the Nepalese government opposed to the mill? The answer is that the monarchy and the elite surrounding it, who controlled the government, were afraid of becoming political losers. Economic progress brings social and political change, eroding the political power of elites and rulers, who in response . . . → Read More: Whence Regulation: Redux*
John Stossel, on Atlanta’s new vendor laws:
Street vending has been a path out of poverty for Americans. And like other such paths (say, driving a taxi), this one is increasingly difficult to navigate. Why? Because entrenched interests don’t like competition. So they lobby their powerful friends to erect high hurdles to upstarts. It’s . . . → Read More: Taxes and Fairness
The justification for pushing people around like this is the NHS. Shouldn’t people have to pay for their own illnesses? Well, yes – that’s how personal responsibility works. But having an NHS removes the personal responsibility, and artificial attempts to inject it into the system are doubly illiberal and wrong.
The government (and . . . → Read More: Natural Consequences
… that if you don’t check in with the government before wiping your bum, some idiot may blow $9,000 on extra toilet paper and blame you for it.
I’ve looked and looked and looked, and I can’t find anything in the Constitution about the airspace around POTUS being “restricted.” Nor are bullshit security theater . . . → Read More: There’s really no excuse for not knowing…