Why is it that Congressman and Senators will vote for a bill, such as the so-called stimulus package, when they are not sure it will accomplish the intended goal? One might go even further and ask why will they vote for a bill that they know will not accomplish the intended goal? The answer to […]
Gary Wolfram is William Simon Professor of Economics and Public Policy at Hillsdale College and former chief of staff to Congressman Nick Smith.
About a half century ago Friedrich Hayek, in The Constitution of Liberty, wrote that a free society depends more than any other on people being held responsible for their actions. In a free society individuals act according to their own plan — making their own decision about what they are going to produce, how much […]
This is the fifth installment of “Providing Relief from the Crisis.” Read editor-in-chief R. Emmett Tyrrell, Jr.’s introduction here. The current financial crisis has led to unprecedented peacetime government intervention in the national economy. Approximately $8 trillion of government purchases of equity in financial institutions, loan guarantees, and other credit has flowed from various federal […]
As Congress gears up to pass a bill that will reauthorize higher education spending for the next few years, members should shift down to a lower speed and begin to read the signs. In fiscal year 2005, the federal government will spend more than $70 billion on financial aid without clearly knowing what that money […]