Relevant and even prescient commentary on news, politics and the economy.

Libertarians Looking Vaguely in the Direction of Apostasy

by Mike Kimel Libertarians Looking Vaguely in the Direction of Apostasy Tyler Cowen is a prominent libertarian, a professor at GMU and Director of the Mercatus Institute. He is also on very, very dangerous ground. Lately he has had a couple of posts – the latest one here – that quote a new book by […]

A tax thought…A Modest Tax Proposal

by Tom aka Rusty Rustbelt A Modest Tax Proposal The GOP is all breathless about deficits, but this is the same GOP of Dubya Bush that fought a war in Iraq (unnecessary) and Afghanistan (overextended) funded entirely by debt. So, the following proposal. A 3% surtax on taxable incomes over $75,000 until the cost of […]

The Fine Print (Supreme Court and lawsuits, class action)

by Beverly Mann The Fine Print It’s hardly a secret that Chamber of Commerce types have co-opted a bare majority of the Supreme Court as their proxy in their war against business litigation, and that the most potent categorical weapons are arbitration as a forced substitute for lawsuits and the effective elimination of class actions. […]

Oh Yeah: Crowding Out Has Been a Huge Problem

Guest post by Steve Roth Oh Yeah: Crowding Out Has Been a Huge Problem Cross-posted at Asymptosissize=”2″> Right-wing economists love to claim that government spending “crowds out” private spending, especially investment spending on fixed assets. It’s probably true at some level and in some situations. But if it was true for postwar America, you’d expect […]