The Chinese central bank yesterday opted to increase the banking reserve requirement to tighten credit and cool the sizzling economy after the government reported 11.3 percent growth in the second quarter. As more growth will almost certainly mean more exports, this has many U.S. policymakers even more worried about our increasing current account deficit with China.

Dan Kopelman, candidate for Arapahoe County Treasurer in Colorado, quickly signed FreedomWorks Candidate Tax Pledge refusing to support any legislation that increases Colorado’s tax burden or weakens TABOR.  Kopelman helped lead the winning fight against the stealth proposed tax increase election in Aurora in May. 

Yesterday the Democratic Leadership Council unveiled a plan for higher education that will cost taxpayers $150billion and will hold schools and students accountable to Washington. As Neil McCluskey of explains in an article posted at Cato, politicians want votes, professors and administrators want more money and prestige, and students want to pay less tuition, leading to an easy “solution” to problems in higher education that sends a lot of money through broad spending programs to a lot of people.

A recent publication from scholars at the American Enterprise Institute examines the benefits of market-based approaches to environmental regulations.