Feb 24
Statistically, a federal worker is now more likely to die than to quit. Federal employees are so overpaid that there are multiple books on the shelves of most bookstores on the topic of how to get a federal job. Those who work in the federal government have hit the lottery. As the American middle class …
Feb 24
If you save anything in modern America, you are an absolute fool. For years, the Federal Reserve Bank has set interest rates well below “natural” levels. (In a free lending market, private banks would tend to charge substantially more interest per dollar lent, and savers could expect substantially higher rates of return for keeping their …
Feb 20
Dr. Richard Lindzen is an American atmospheric physicist and retired Alfred P. Sloan Professor of Meteorology at the Massachusetts Institute of Technology. In an important interview, Lindzen states (beginning around 7:20) that: The trouble is all of us scientists are government employees—even if we’re working for private universities. All research is supported by the government. …
Feb 20
Meteorologist Joe d’Aleo has studied the weather of the Great Lakes for years. On February 20, 2015, d’Aleo stated that the current state of ice on the Great Lakes is likely greater than at any time since records began.
Feb 20
Medicare was pitched in 1965 as being economically responsible. Its promoters in Congress estimated that the Medicare bill would cost $1.1 billion for the following two years. The day after the bill was signed into law, its costs were widely estimated to be $6.5 billion over a decade. The House Ways and Means Committee said …
Feb 18
Just as New York City and the U.S. eastern seaboard are experiencing record snow and cold, a panel of heavily-promoted (and undoubtedly massively government-funded) academics have released a report making typically hysterical predictions about the climate in the Big Apple. The report, authored by the professors at the “New York City Panel on Climate Change …
Feb 16
In Lysander Spooner’s great essay, “No Treason,” Spooner wrote: No body of men can be said to authorize a man to act as their agent, to the injury of a third person, unless they do it in so open and authentic a manner as to make themselves personally responsible for his acts. None of the …
Feb 16
What would happen if Americans got rid of government meat inspection? Would American consumers be then poisoned by tainted, rancid, rotten or adulterated meat on supermarket shelves? An episode from 2004 answers this question. Since the early 1900s, federal law has required that all meatpacking companies that ship meat interstate be inspected by federal inspectors. …
Feb 15
In February 2014, the Congressional Budget Office (CBO) released an overlooked report on the “Labor Market Effects of the Affordable Care Act.” The Report provided updates of earlier estimates, and by February 2014 the CBO was able to draw on more accurate data than the CBO had cited in its earlier reports. CBO estimates that …
Feb 15
The chartmakers at “Political Calculations” have released a new graph showing “A Decade of Disappearing Teen Jobs” Political Calculations blame minimum wage laws for keeping teens from gainful employment. “As we see in the chart,” write the authors, “the practical effect of all the minimum wage hikes that occurred from 2007 through 2009 was to …
