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    The Government Does Not Create Jobs, Rep. Mica

    During yesterday’s House Transportation and Infrastructure Committee Rep. John Mica (R-FL) claimed: “Every billion dollars in spending on infrastructure, on highway and transportation expenditures does result in 35,000 new jobs.” Too bad Mica wasn’t listening to the Ways and Means Hearing across the hall where economist Alan Viard told the … More

    Did Over-Regulation Cause the Market Meltdown?

    This week “60 Minutes” highlighted an obscure statute that some say is at the root of the recent market meltdown: the Commodity Futures Modernization Act of 2000. The CFMA exempted certain derivatives from existing state and federal regulation. But “60 Minutes” failed to ask the most interesting question: Why was … More

    Consequences of Obama Tax Plan: Slower Output, Job Growth

    The Heritage Foundation recently published an evaluation of the candidates’ tax plans. This analysis assumed the tax reductions of 2001 and 2003 expired on schedule, or at the end of 2010, and that each tax plan reacted to what would be a very large tax increase if Congress and the … More

    More Help for the Auto Industry? Just Say No

    General Motors wants to merge with Chrysler. Doesn’t sound so bad, right? Turning Detroit’s Big Three into the Big Two might be just the remedy for an ailing U.S. auto industry. Maybe not. But that’s not the problem. The problem is how GM is proposing to merge with Chrysler — … More

    If Governments Are Always 'Behind the Curve'...

    …then how can we trust them to better manage the economy? A few weeks ago famed currency speculator George Soros made news complaining that financial regulators had been “consistently behind the curve” during the unfolding financial crisis. But why is Soros surprised? It seems that “behind the curve” is one … More

    Connecting the Dots: Fannie, Freddie and ACORN

    Since the housing bubble first began to burst, we have been quick to note the integral role that government-sponsored entities Fannie Mae and Freddie Mac played in distorting the housing market. However, we have also been skeptical of some claims that the Community Reinvestment Act (CRA) played in facilitating the … More

    If Heavy Regulation Is So Awesome...

    … then why are so many lightly regulated jurisdictions largely avoiding the current financial crisis? Tyler Cowen notes: A Friday article says this: The worldwide financial crisis is proving a lot more damaging than was expected. Not in Cayman, yet, but we had better get ready for it to affect … More

    Will Unions, Again, Kill Our Economic Recovery?

    One of the great untold stories about the Depression is that there were really two of them. By the mid-1930′s the U.S. economy was well along the road to recovery with the number of unemployed dropping from 13 million in 1933 to 7.6 million in 1936. The the Supreme Court, … More

    Is Google Really Committed to 'Universally Accessible' Information?

    As defenders of the free market, The Heritage Foundation fully supports Google’s private sector investments in clean energy technologies. However, there are some troubling nuggets of information buried in today’s New York Times article on Google’s energy interests. Miguel Helft reports: Google has also increased its lobbying in Washington on … More

    Fairness Doctrine Is Just the Beginning

    As Reason‘s Jesse Walker notes, the Barack Obama campaign has publicly promised not to reimpose the Fairness Doctrine on broadcaster. We look forward to helping make sure Obama keeps that promise. Unfortunately, the Fairness Doctrine is just the beginning of Obama’s speech regulating agenda: There’s a host of other broadcast … More