Regulation Policy & Welfare

Housing Socialism, Part 1

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Part 1 | Part 2 In every country examined, the introduction and continuance of rent control/restriction has done much more harm than good in rental housing markets — let alone the economy at large — by perpetuating shortages, encouraging immobility, swamping consumer preferences, fostering dilapidation of housing ... [click for more]

Oil Feeding Frenzy

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The feeding frenzy in Washington over oil prices and profits may win pander-points for cynical politicians, but it takes the public’s eye off the ball. The regular outcry over rising prices, which, you’ll notice, requires a previous period of falling prices, highlights some fascinating puzzles. For example, there is a ... [click for more]

RIM was Wronged

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For the last few years we’ve been reading that Research in Motion’s popular mobile-email service, BlackBerry, may be shut down because the company “infringed the patents” of a company called NTP. That’s all the newspapers said. Curious readers would want to know more. Did black-clad RIM operatives break into NTP’s office ... [click for more]

The Disastrous World of the New York Subway, Part 2

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Part 1 | Part 2 | Part 3 Here is one thing government enterprise has undeniably delivered: There are no more serious debates about greed. How can there be greed when government enterprises such as the subways and Amtrak almost always lose boatloads of money? For example, in a recent Metropolitan Transportation Authority (MTA) annual report, the ... [click for more]

The Conservative Reform Game

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Here we go again. The reform game. In the wake of the federal government’s disastrous response to Hurricane Katrina, Homeland Security Secretary Michael Chertoff is unveiling “reforms” that will ensure that such federal disasters never happen again. Yawn! Just more standard conservative “reform” claptrap. This is par-for-the-course ... [click for more]

Bush Speaks Nonsense on Energy

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Despite the bravado in his State of the Union address, President Bush actually admitted that his efforts in the Middle East are destined to fail. Here’s what he said: “America is addicted to oil, which is often imported from unstable parts of the world.” He then unveiled billions of dollars in new ... [click for more]

The Disastrous World of the New York Subway, Part 1

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Part 1 | Part 2 | Part 3 New York City just went through another egregious subway strike. Again. Yet this was a strike of public workers that was never supposed to occur. The workers are covered by the state’s Taylor law, which isn’t much of a law, since the workers repeatedly violate it. (There were ... [click for more]

Hurting Wal-Mart’s Employees

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Government is little more than a coercive transfer machine. If you can’t acquire something through consent and exchange, you ask politicians to compel others to provide it. This goes on every day. Never was it more blatant than when the Maryland legislature passed a law to compel Wal-Mart to spend at ... [click for more]

The Separation of Charity and State

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The primary function of the federal government these days is to help out others with federal welfare assistance. The assistance is dispensed in a variety of ways — directly, in the form of a money payment (Social Security); indirectly, by helping people with payments to third parties (Medicare and Medicaid); subsidies to government entities and private organizations (grants to ... [click for more]

Hoover’s Second Wrecking of American Agriculture

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My last Freedom Daily article traced how the federal government wrecked the agricultural sector after World War I and how the Agriculture Department became a permanent lobby for “socialism in one industry.” But President Calvin Coolidge steadfastly resisted the push to have the feds take over crop pricing. Unfortunately, his successor ... [click for more]

I Vote Against Bond Issues

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In the private sector, there is every incentive to economize to provide the best products at the lowest possible prices to ensure customer loyalty. That is the road to profits. It is a road that can take years of painstaking work to build. In the public sector, the incentive is always the opposite. It is to win elections, which happen ... [click for more]
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