From the CATO Institute's CATO Connects discusses the SCOTUS decision on gay marriage.
Showing posts with label Cato Institute. Show all posts
Showing posts with label Cato Institute. Show all posts
July 7, 2015
May 28, 2014
Economics Must Reads
Due to some personal scheduling challenges I have gotten a bit backlogged on posting. In particular, I have fallen behind on opining on some items that are quite worth sharing. Rather than letting them fall by the wayside, I've decided to include the links and some excerpts here in order to hopefully generate some interest in these terrific articles/posts.
September 6, 2012
Some great reading from around that webophere thing
Some great recent reading in the links below.
No, you didn't save the auto industry Mr. President. From the Cato Institute
Full Metal Patriot has a logical take on the Democrats' We Belong All to the Government insanity.
Elizabeth Warren truth exposed at Legal Insurrection
Line of the week is at Capitalist Preservation.
The first in a long line of fact checking the Clinton speech: Job creation? From The Foundry
HuffPo not happy with God. Via RWN.
What??? King Shamus has gone bi-partisan for the Democrats.
Clinton apologizes for his speech. I guess it wasn't Castroesque enough. Via Diogenes Middle Finger
I've been 'wondering' why there haven't been a ton of state polls since the RNC convention. Virginia Right 'wonders' a little bit further and more specifically.
December 6, 2010
A Repeal Amendment? Not A Bad Idea, A Terrible One.
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| Amendments? Who does that? |
The United States Constitution is an incredible document. It even established protocols for its own future modification. A discussion has arisen, about adding an amendment that would allow a method for states to repeal acts of Congress (HT: Ed Morrissey). Ironically, the Virginia legislature idea got an endorsement from the libertarian think tank The Cato Institute. They've both had and supported a lot of good ideas. This isn't one of them.
There's a lot of appeal to the idea of having a method to put the brakes on a runaway government, bent on imposing its will on the people. The idea also allows for a balance between states' rights and federal power.
August 27, 2009
Congress In Fantasyland
Just go read this. Leadership and logic, don't seem to be congruent right now.
February 27, 2009
Keynes, Marx, The Weimar, and Obama
Who was worse for the ideals of freedom - Karl Marx or John Maynard Keynes? Karl Marx was responsible for the dark cloud of communism that enveloped a large part of the globe, and descended millions into the dark tyrannies of Stalin, Mao, Castro, Chavez et. al. On the other hand, Keynes brought a deficit mentality, and a socialist supporting mantra to the field of economics.
Clearly Marx was the worse scourge for the world. But for America, the answer is a bit different. Marxism, communism was never a serious contender for American hearts and minds. But socialism, statism and government meddling are all clearly deemed acceptable. And by many, they are believed to be the right thing to do - including President Obama.
Keynes was more dangerous to American prosperity. Yes Mr. President - that argument should be over. The problem is your belief system was on the losing side of the evidence.
Here's the flaw with Keynesian thinking; government priming the pump by putting more money into the economy can only do so by taking money out of the economy (taxing). It's robbing Peter to pay Paul.
This prime-the-pump approach could only work if the government already had a stored surplus of cash - a rainy day fund - stored and ready to unleash into the economy. Such is not the case here. It's SO not the case here.
The government has another way to do this pump cash - borrowing. It can borrow money from banks - in this case though, crowding out the very people/businesses the banks should be lending to in the current liquidity crisis. There's only so much cash that can be lent.
So couldn't the government borrow from foreign banks? Yes, up to a point. Given the soaring debt levels in America, the end of that gravy train is fast approaching. Besides, many foreign banks have their own countries' woes to solve. Not to mention the fact foreign borrowing puts America even further into external debtor nation status - an unsustainable choice in the long run.
The last option is to just print more money and then the government can spend all it wants. That has it's own set of disasters waiting to befall the country. History has examples to warn us:
Perhaps it's already started.
Is it time to start panicking? Maybe. If any country can take a vicious economic hit and come out the other end it's the United States of America. But the worry is that maybe enough people won't see the need to come out the other end until it's too late.
Clearly Marx was the worse scourge for the world. But for America, the answer is a bit different. Marxism, communism was never a serious contender for American hearts and minds. But socialism, statism and government meddling are all clearly deemed acceptable. And by many, they are believed to be the right thing to do - including President Obama.
Keynes was more dangerous to American prosperity. Yes Mr. President - that argument should be over. The problem is your belief system was on the losing side of the evidence.
Here's the flaw with Keynesian thinking; government priming the pump by putting more money into the economy can only do so by taking money out of the economy (taxing). It's robbing Peter to pay Paul.
This prime-the-pump approach could only work if the government already had a stored surplus of cash - a rainy day fund - stored and ready to unleash into the economy. Such is not the case here. It's SO not the case here.
The government has another way to do this pump cash - borrowing. It can borrow money from banks - in this case though, crowding out the very people/businesses the banks should be lending to in the current liquidity crisis. There's only so much cash that can be lent.
So couldn't the government borrow from foreign banks? Yes, up to a point. Given the soaring debt levels in America, the end of that gravy train is fast approaching. Besides, many foreign banks have their own countries' woes to solve. Not to mention the fact foreign borrowing puts America even further into external debtor nation status - an unsustainable choice in the long run.
The last option is to just print more money and then the government can spend all it wants. That has it's own set of disasters waiting to befall the country. History has examples to warn us:
Perhaps it's already started.
Is it time to start panicking? Maybe. If any country can take a vicious economic hit and come out the other end it's the United States of America. But the worry is that maybe enough people won't see the need to come out the other end until it's too late.
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