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  • Monthly Archives: April 2008

    Government Already Back to Encouraging Risky Lending

    The New York Times had a disturbing story today on one element of the housing bailout plan Rep. Barney Frank (D-MA) plans to have on the floor by Thursday. The heart of Frank’s plan is the authorization of the Federal Housing Administration (FHA) to assume billions of dollars in new … More

    Krugman Right on Housing Bubble Factor

    Visiting Heritage scholar Wendell Cox has a new paper out titled “How Smart Growth Exacerbated the International Financial Crisis” in which he praises New York Times columnist Paul Krugman’s prescience on diagnosing the role of land use regulation in driving the housing bubble. Krugman wrote on August 8, 2005: But … More

    Free Trade Fact of the Day

    In his latest column, radio talk show host Tom Morgan takes us down memory lane to explain why more, not less, free trade is needed now that the economy is struggling: Some politicians propose moves that could plunge us into another Great Depression. If you think I exaggerate, take some … More

    Is This Really What The New York Times Thinks Free Markets Look Like?

    In an otherwise admirable editorial highlighting a new report that shows New York City paid 235 teachers $81 million over two years to do nothing, the New York Times includes this paragraph: Under the new free-market system, teachers who lose their jobs because of budget cuts, program curtailments or school … More

    Morning Bell: Government Is the Problem on Food and Energy Prices

    Food riots have forced the collapse of the government in Haiti. People are dying in food lines in Egypt. The U.N. warns that food stocks for 450,000 Cambodian children is set to tun out in 30 days. Rising hunger is contributing to instability in Afghanistan. In India, even the gods … More

    The Right Call to Action on Health Care Reform

    Sen. John McCain issued a call to action on health care reform today. Despite what some political pundits and liberal critics in the media claim, McCain has it exactly right with his policy proposal. The McCain plan would expand personal, portable private health insurance, not through government mandates or regulations … More

    Bipartisan Consensus: Ethanol Mandates Are a Disaster

    Recently our leaders have told us: The New York Times, April 15, 2008: Representative Jim McGovern, Democrat of Massachusetts, said he had come to realize that Congress made a mistake in backing biofuels, not anticipating the impact on food costs. He said Congress needed to reconsider its policy, though he … More

    The Post Vouches for DC Vouchers

    D.C. Mayor Adrian Fenty goes to Capitol Hill tomorrow to testify on President Bush’s proposed budget for the District in 2008. In an editorial today, The Washington Post encouraged Mayor Fenty to support the D.C. Opportunity Scholarship program, which is now helping more than 1,900 disadvantaged kids attend private schools: … More

    Free Trade Fact of the Day

    A recent agreement between the U.S. and South Korea on beef imports has some business leaders thinking the U.S.-South Korea Free Trade Agreement may earn congressional approval soon. They should not get their hopes up. The union-owned Congress currently in power has made it clear they will not be approving … More

    Are Teachers Unions to Blame for Housing Bubble?

    CATO’s Timothy Lee makes a great connection between the absence of school choice in our current education system and the recent housing bubble burst. First he quotes economist Robert Frank in Sunday’s Washington Post: In a well-intentioned but ultimately misguided move to help more families enter the housing market, borrowing … More