All Posts Tagged With: "infrastructure"
Why the Government Fails to Maintain Anything
As the mad scramble to pass President Obama’s stimulus bill reminded us, politicians love to start new government programs. They gain things they can brag about during their reelection campaigns. But there’s little to be gained by maintaining programs somebody else started. No surprise, then, that in budget battles, maintenance tends to be under-funded.
Moreover, as [...]
Government Fundamentalism
Many free-market economists like me are quite willing to admit that markets don’t work perfectly and to examine and accept government solutions if their advocates can show how governments can be motivated to actually carry them out. And yet we are called market fundamentalists. On the other hand, many people who call us that are unwilling to change any of their views about the efficacy of government intervention no matter how badly the intervention works. Who are the fundamentalists here?
21May2009 | David R. Henderson | 10 comments | Continued-
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Book Reviews
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The End of Prosperity: How Higher Taxes Will Doom the Economy–If We Let it Happen
By Arthur B. Laffer, Stephen Moore, and Peter J. Tanous
