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Biennial Budgeting: Baloney Budget Reform

I don’t recall ever agreeing with the left-liberal Center on Budget and Policy Priorities (CBPP), but their new paper on the drawbacks of the federal government switching to biennial budgeting is a good read. Congressional Republicans, including House Budget Committee chairman Paul Ryan (R-WI) and Senate Budget Committee ranking member Jeff Sessions (R-AL), are the [...]

Biennial Budgeting: Baloney Budget Reform is a post from Cato @ Liberty – Cato Institute Blog

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SOPA and Skepticism

By Aaron Ross Powell

Over at Libertarianism.org I have a new blog post on the lesson the technology community should have learned from their campaign against SOPA.

Imagine you’re an expert in some field of technical knowledge. Your field impacts quite a lot of people but most of them don’t understand the details the way you do. One day, Congress proposes legislation called the Make Things Better Act, which, its sponsors say, will make things better.

But wait. The Act happens to deal with exactly the field you’re knowledgeable about. And you know what? It won’t make things better. In fact, it will make things far, far worse. Not only will it make things worse, but any benefits the legislation does create will accrue exclusively to a small but powerful interest group.

So you and your other technically-minded friends mobilize against the Make Things Better Act and, through coordination and outcry, succeed in killing it. Two days later, Congress proposes another piece of legislation called the It’s Good for the Children Act. Except this time the law deals with an area outside your expertise. If you applied the lesson learned from the Make Things Better Act, you might react to this new proposal with skepticism. After all, when you were in a position to evaluate what Congress was really up to, you discovered that it wasn’t working in the interests of the American public but, instead, of a tiny and powerful minority. Couldn’t it be possible the new bill is just be more of the same?

Most likely, though, based on the way people typically react in these situations, you won’t apply that lesson. Instead you’ll say, “Boy this new law is great because my favored political party wrote it and, well, it’s good for the children.”

Read the rest here.

SOPA and Skepticism is a post from Cato @ Liberty – Cato Institute Blog

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Personal Accounts–for Medicare

Last night, Newt Gingrich praised the Chilean Social Security system, which allows workers to save for their retirements in personal accounts, rather than contribute to the government pension scheme. Several of my Cato colleagues are far more qualified than I am to comment on that system, including Mike Tanner, Jagadeesh Gokhale, and Jose Pinera–who designed [...]

Personal Accounts–for Medicare is a post from Cato @ Liberty – Cato Institute Blog

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WSJ Debate: Should the Government Require You to Purchase Health Insurance?

By Michael F. Cannon

In today’s Wall Street Journal, I debate ObamaCare‘s individual mandate. Here’s the teaser:

Should Everyone Be Required to Have Health Insurance?

Yes, says Karen Davenport of George Washington University, because it’s the key to making health care more affordable and accessible. No, says Michael F. Cannon from the Cato Institute, because it will make health care more costly and scarce.

I did not write that unfortunate title, which uses the passive voice to conceal who’s doing the requiring. Hint: we ain’t talking about your conscience. I like to say that if we banned the passive voice–e.g., doctors are paid on a fee-for-service basis–it would take two minutes to realize that government creates most of our health care problems, and we would repeal all subsidies, mandates, and regulations within two hours.

Davenport’s article makes one claim to which I was not able to respond: that under ObamaCare, “global payment approaches and other payment changes are designed [gaa! passive voice!] to improve care for patients with chronic illnesses.” Fortunately for humanity, I already dispatched that claim last week in a blog post titled, “Oops, Maybe ObamaCare’s Cost Controls Won’t Work after All.”

So here are your assignments for today. Read both articles. Don’t forget to take the quiz. Then, watch the related 2008 video I posted under the title, “Does Karen Davenport Owe Me $40?“, and decide for yourself whether Karen Davenport does indeed owe me $40. If you think yes, be sure to tell her so in an email to the address provided at the end of her article.

WSJ Debate: Should the Government Require You to Purchase Health Insurance? is a post from Cato @ Liberty – Cato Institute Blog

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FBI Reminds Us Government Already Has MegaPower to Take Down Websites

Online activists were still busy celebrating a successful day of protest against proposed (and now shelved) Internet censorship legislation when the Justice Department pulled the popular cyberlocker site Megaupload offline Thursday, and indicted its owners on charges of criminal copyright infringement. It was a serendipitously timed demonstration of two important facts. First, the U.S. legal [...]

FBI Reminds Us Government Already Has MegaPower to Take Down Websites is a post from Cato @ Liberty – Cato Institute Blog

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FBI Reminds Us Government Already Has MegaPower to Take Down Websites

Online activists were still busy celebrating a successful day of protest against proposed (and now shelved) Internet censorship legislation when the Justice Department pulled the popular cyberlocker site Megaupload offline Thursday, and indicted its owners on charges of criminal copyright infringement. It was a serendipitously timed demonstration of two important facts. First, the U.S. legal [...]

FBI Reminds Us Government Already Has MegaPower to Take Down Websites is a post from Cato @ Liberty – Cato Institute Blog

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This Week at Libertarianism.org

This week saw a bunch of great new content added to Libertarianism.org. On Tuesday, George Smith published another essay to his ongoing series about the events leading up to the American Revolution. This time he told the story of the Boston Tea Party: In substituting naked force for conciliation and compromise, the British hoped to [...]

This Week at Libertarianism.org is a post from Cato @ Liberty – Cato Institute Blog

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FHA and the Foreclosures of Tomorrow

The recently released Federal Reserve White Paper on the Housing Market has received considerable attention, at least for its policy proposals.  I found one of the more interesting pieces of data in the paper to be the number of mortgages with negative equity, reproduced below (Figure 3 in the Fed paper). What I found both [...]

FHA and the Foreclosures of Tomorrow is a post from Cato @ Liberty – Cato Institute Blog

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It Was the Republican Banker on the Fed Board Raising Concern about Housing

If you’ve followed Obama’s nominations to the Federal Reserve, he’s been pretty consistent, displaying a strong preference for coastal academics or politicos.  Not one of his nominations came from the private sector (or “flyover country”), despite the very clear requirements of the Federal Reserve Act. Recently released Fed transcripts reveal an interesting fact: it wasn’t [...]

It Was the Republican Banker on the Fed Board Raising Concern about Housing is a post from Cato @ Liberty – Cato Institute Blog

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Obamacare’s Medicaid Expansion Violates Federalism

Today Cato filed its second Supreme Court amicus brief in the Obamacare litigation, on the issue of whether the health care law’s Medicaid expansion is a proper exercise of the Constitution’s Spending Clause. That is, states must now accept a comprehensive reorganization of Medicaid or forfeit all federal Medicaid funding—even though the spending power is circumscribed [...]

Obamacare’s Medicaid Expansion Violates Federalism is a post from Cato @ Liberty – Cato Institute Blog