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Blog

All Aboard… for Cronyism!

People often criticize capitalism as giving too much power to big business, and use this concern as a justification for more government intervention in the economy. But the kinds of business practices that are most damaging come not from free market competition, but from government-sponsored cronyism, where certain businesses are given legal advantage over others for political purposes.

04/11/2014
"Check out Dr. Brough's Op Ed: Would Fredric Bastiat Support High Speed Rail?"
"Would Fredric Bastiat Support High Speed Rail? President Obama's Council of Economic Advisers say the $780 billion stimulus package was a success. Yet a closer examination raises questions, making it difficult to embrace. "
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Op-ed Placement

Would Fredric Bastiat Support High Speed Rail?

Recently, President Obama's Council of Economic Advisers released their final assessment of the president's $780 billion stimulus package, the American Recovery and Reinvestment Act. Mandated by Congress, this year's report celebrates the fifth anniversary of ARRA. Not surprisingly, the CEA asserts that the spending program was an unqualified success, creating jobs and boosting the nation's output. Yet a closer examination of the report raises a number of questions, making it difficult to embrace the study's findings. Fundamentally, the administration is taking credit for improvements in the economy, without demonstrating that ARRA is the source of the benefits. While it is normal for administrations to take credit for economic growth, correlation does not equal causation.

02/26/2014
High-speed Fail
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Blog

High-speed Fail

Just imagine it: Sleek bullet trains zipping up one coast and down the other at dizzying speeds, filled with lounging hipsters sipping macchiatos and listening to understated Scandinavian techno in pollution-free comfort. The way it’s been sold, high-speed rail sounds far superior to fighting traffic in a Kia or being sardined into an overbooked airplane.

03/28/2013
Progressives Annoyed with Democratic Process
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Blog

Progressives Annoyed with Democratic Process

Many members of the progressive intelligentsia and political class have exalted China’s investment in high-speed rail and its illusory investments in “green” technology, as eminent examples of the efficiency of one-party autocracy.  Besides the Orwellian logic, these assertions have been shown to be demonstrably marked with inconsistencies and subsequent failures of policy.

04/27/2011