America needs to address its infrastructure woes, but a regressive tax with a disproportionate impact on those who can least afford it is not the way to go about finding solutions. If a federal gas tax holiday is implemented, it should be made permanent.
Last week, we wrote about Frederic Bastiat, the king of communicating economic and philosophical ideas in simple, direct (and often funny) ways. Of course, in the 19th century, Bastiat’s medium was the printed word. But if you had to find an heir to his throne in the social media era, Thomas Sowell would be a […]
$15 trillion dollars. That’s $15,000,000,000,000. It’s an unfathomable amount of money. As Professor of Economics Antony Davies says in our final installment of the COVID DISRUPTION SERIES, it’s enough money to buy everything in Spain.
And yet that’s how much the Congressional Budgeting Office estimates Covid-19 measures will cost the U.S. government over the next five years. In light of such an abuse of power from the federal government, it’s worth revisiting one of Covid’s enduring lessons: that small, local governments are quicker, more precise, and more efficient than large, national ones.
Why would the legislature want the executive to have more power? Why would they voluntarily cede some of their power?
Donald Trump added a portrait of Andrew Jackson to the White House Oval Office shortly after his inauguration. Why Jackson?
The state’s comprise the federal government; not the other way around.
In 1930, total government expenditure was 10% of GDP. Of that, approximately 3% was federal spending, and 7% was state and local spending. Today, government expenditure is about 40% of GDP, with 25% of that spending federal, and the remaining 15% state and local.