This Week in Government Failure

Over at Downsizing Government, we focused on the following issues this week: A high priority for the new Congress should be to privatize the Federal Aviation Administration. It seems clear that allowing the private sector to play a greater role in space is ideal, especially given NASA’s history of fiscal mismanagement. Earmarking is a symptom […]

A Happier New Year for the Beltway

An article in the Washington Post provides another example of how the Washington metro area has become virtually recession-proof: The Washington region posted the highest year-over-year home price gains in the nation this fall, as real estate values slumped in nearly every other metropolitan area, a key housing report said Tuesday. A healthy job market, […]

Can a Tariff Wall Restore America’s Industrial Glory?

Did America become a great industrial power in the 19th century because of its high trade barriers? This is not just an academic question. Modern-day critics of trade, such as Pat Buchanan and Ian Fletcher, argue that the same tariff wall that made American great more than a century ago can bring back those days […]

Another Dubious Record in Mexico’s Drug War

Mexico ends 2010 with 15,000 illicit drug-related murders for the year—a record for the Calderon administration that began its term four years ago by declaring an all-out war on drug trafficking. Drug war violence skyrocketed since Calderon took office, claiming more than 30,000 lives. Though it is an unwinnable war whose consequences also include the rise […]

Johan Norberg on Bubbles Yet to Come

Cato senior fellow Johan Norberg, author of In Defense of Global Capitalism and Financial Fiasco, has the cover story in this week’s issue of The Spectator, the eminent 182-year-old British weekly. Titled “The great debt bubble of 2011,” it warns that governments are repeating their mistakes of the past decade: There is a broad consensus […]

ATF: Laws are for the Little People

That’s the only message I can take away from the ATF proposal to require Federal Firearm License (FFL) holders to report the sale of two or more semiautomatic rifles that accept detachable magazines in states along the border with Mexico. In other words, this is gun control for the sake of Mexico. Thing is, the […]

The Real Problem with Those Non-Death Panels

Rich Lowry has the right take on the Obama administration’s decision to have Medicare cover end-of-life counseling despite Congress’ rejection of the idea. The Real Problem with Those Non-Death Panels is a post from Cato @ Liberty – Cato Institute Blog The Real Problem with Those Non-Death Panels is a post from Cato @ Liberty […]

Getting Beyond the Anti-Earmark Crusade

As a former advisor to one of Congress’s most ardent foes of earmarking, Sen. Tom Coburn (R-OK), I’ve served time on the front-lines of the battle to end the corruptive practice. Yet, I never felt quite comfortable about the mission. At the same time I was assisting the senator in his floor battles against the […]

Are U.S. Multinationals to Blame for High Unemployment?

Many Americans believe the unemployment rate remains stubbornly high because U.S. multinational companies have been outsourcing and offshoring jobs to low-wage countries at the expense of jobs at home. And they believe this in part because politicians and the media tell them it’s so, even though it isn’t. Consider this story today from the Associated […]

Wikileaks Cable: Martinelli Is a Threat to the Rule of Law in Panama

Last August I warned about the troubling signs coming from Panama’s president Ricardo Martinelli. Elected in 2009 on a free market platform, Martinelli has quickly embraced interventionist economic policies (particularly a sharp increase in public spending) that sooner or later will take a toll on Panama’s macroeconomic stability. More worryingly, I pointed at a disturbing […]