Great moments in unintended consequences

December 14, 2010
Freedom Politics
by Thomas Sowell  

"It is hard to come up with Christmas gifts for people who already seem to have everything. But there are few -- if any -- people who can keep up with the flood of books coming off the presses. Books can be good gifts for such people. Among the books I read this year, the one that made the biggest impact on me was 'New Deal or Raw Deal' by Burton Folsom, Jr., a professor at Hillsdale College. It was that rare kind of book, one thoroughly researched by a scholar and yet written in plain language, readily understood by anyone." (12/14/10)  

Unemployment benefits keep people from working

December 14, 2010
by Hans Bader  

"Wintery Knight has an interesting discussion of how unemployment benefits keep people from working, drawing on coverage from The New York Times and academic studies. As he notes, this undermines the methodology used by the Congressional Budget Office (CBO) in concluding that the stimulus package would increase the size of the economy in the short run." (12/14/10)  

GM bad deal

December 14, 2010
Competitive Enterprise Institute
by John Berlau   Competitive Enterprise Institute

"In his 1953 confirmation hearing for Secretary of Defense in the incoming Eisenhower administration, former General Motors CEO Charles 'Engine Charlie' Wilson was asked how he would handle conflicts of interests in the Defense Department’s dealings with his old firm. Wilson replied that 'for years I thought that what was good for our country was good for General Motors, and vice versa.'" (12/13/10)  

Education: Investment versus spending

December 14, 2010
Foundation for Economic Education
by Sandy Ikeda  

"Thousands protested in London last week against a proposal to reduce subsidies to education. The plan, part of the austerity measures by David Cameron’s Conservative government, would raise the cap on university tuition from roughly £3,000 to £9,000, or from about $4,700 to $14,000. The measure passed by a small margin." (12/14/10)  

Audit the Fed in 2011

December 14, 2010
Campaign For Liberty
by US Rep. Ron Paul (R-TX)   Ron Paul

"Since the announcement last week that I will chair the congressional subcommittee that oversees the Federal Reserve, the media response has been overwhelming. The groundswell of opposition to Fed actions among ordinary citizens is reflected not only in the rhetoric coming out of Capitol Hill, but also in the tremendous interest shown by the financial press. The demand for transparency is growing, whether the political and financial establishment likes it or not." (12/14/10)  

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