Law prof Richard A. Epstein has a withering look at the “Cash for Clunkers” program that gave car buyers a $4500 check to trade in an old car for a new one. As with any government program, the intentions of the program and the reality of the program were not quite at odds with each [...]
Tags: Cash for Clunkers, Congress, Economics, government, policy
Hardvard economist Edward L. Glaeser has a fascinating and provocative piece on what he calls “small government egalitarianism”: In the 20th century, President Woodrow Wilson campaigned on a “New Freedom,” opposing Teddy Roosevelt’s big-government Progressivism. While Roosevelt wanted the government to manage monopolies, Wilson wanted trust-busting and less protectionism. Wilson perceptively noted the dangers of [...]
Tags: conservatism, Economics, equality, government, Politics, pork, regulation, small government
Ed Morrissey finds that financial advisors are worried about a Democrat in the White House more than the housing bubble bursting: [Advisors are] less concerned about recession than dealing with the economic policies of a new Clinton administration. They fear that a big increase in taxes will erode equity investments, especially given the proclivity of [...]