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    Why the Government Shouldn't be an ATM

    Our federal government is very good at moving money from place to place. In fact, some 70 percent of federal government spending consists of simply shipping money from one place to another — after taking a cut off the top. “In effect the government has become primarily a massive money-transfer … More

    The Fed’s Monetary Policy Matters, Too

    It’s easy to get distracted with news like the guessing game of who will replace Ben Bernanke. But the more important issue is: What is the U.S. doing with its monetary policy and why? What we’ve learned about monetary policy since the Fed was created is surely more important than … More

    Next Fed Chairman: Independence Is Paramount

    Larry Summers withdrew his name from consideration for the next chairmanship of the Federal Reserve. The office currently occupied by Ben Bernanke wields enormous power over short-run economic changes. Poor decisions at the Fed can cause recessions or boost markets briefly. For that reason, the most important feature of the … More

    Bunny Disaster Plans: Unveiling the Magic Behind Regulations

    Cartoon star Bullwinkle the Moose had a running gag in which he tried to pull a rabbit out of a hat and ended up facing a tiger, rhino, lion, or a bear. It’s a good thing he’s not working the nightclub circuit today. The permitting process would be a nightmare. … More

    How Government Shut Down the Chinatown Bus

    The federal regulatory apparatus has made Americans poorer and less safe, and it has eliminated hundreds of jobs by shutting down 41 bus companies in the past year. Ironically, the Federal Motor Carrier Safety Administration (FMCSA) justifies its heavy-handedness as promoting safety, when in fact the shutdowns will likely result … More

    “I’m from the Government, and I’m Here to Make You Happy”

    Did you know that President Obama’s “Yes, We Can” Administration has been funding a research project to invent a composite index that measures happiness? Yes, you read right—an aggregate index that aims to compute your happiness, mine, and our nation’s. Everybody wants to be happy, and it might be nice … More