Two months ago I predicted that the “Cash For Clunkers” program would not produce the results trumpeted by the Obama administration. Rather, it would be yet another government boondoggle. Well, lo and behold, the Wall Street Journal just this Sunday past confirmed the lunacy of destroying assets as a way to create wealth. Here’s what [...]

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Posted by Jerry Pomeroy as Best Of the Web, Economics, Government Blunders at 6:40 PM UTC

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The Cato Institutes’s Dan Mitchell discusses the Value Added Tax:

     Once upon a time, spending by the federal government of the United States of America was somewhat rational. Until the Great Depression, the overwhelming majority of American politicians tried to be reasonably good stewards of the people’s money. Even Presidents Franklin Roosevelt and Lyndon Johnson, the [...]

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Posted by Jerry Pomeroy as Taxation, Video at 2:53 PM UTC

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