The Tyranny of Good Intentions: Politicians Waste Money, and Sometimes Kill People, With Kindness

If logic decided policy in Washington, federal spending would be low, the budget would be balanced, the benefits of regulations would exceed the costs, and policymakers would guard against unintended consequences. Unfortunately, the nation’s capital is largely impervious to logic, and the tragic results are obvious for all to see. If logic decided policy in […]

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Why Do the Poor Stay Poor?

Of the six billion people on earth, two billion try to survive on a few dollars a day. They don’t build businesses—or if they do, they don’t expand them. Unlike people in the United States, Europe, and Asian countries like Japan, South Korea, Hong Kong, etc., they don’t lift themselves out of poverty. Why not? […]

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Subsidies Work!

Opponents of federal aid and other forms of subsidy often base their objections on “the fact that subsidies won’t work.” Unfortu­nately for their argument, subsi­dies do work, and that is a major reason why they are objectionable. Opponents of federal aid and other forms of subsidy often base their objections on “the fact that subsidies […]

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The Giant Machine

If we have decided that it’s society’s responsibility to help those in need, then do we not also have an obligation to make sure our support systems are NOT giant, costly bureaucracies removed from the real human beings? Would more local support be better? An article from The Economist questions how to “balance the desire […]

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