Here’s a quote from a January 27th Wall Street Journal article : “Are low prices putting your family at risk? Believe it or not, some regulators seem to think so. Twenty-six U.S. states still have a “minimum markup” law, a relic of Depression-era economics that prevents businesses from charging less.” We have laws against low prices? … Continue reading Laws against low prices?!
The CAFE fuel economy standards leave much to be desired. Let’s see why. What is CAFE? Corporate Average Fuel Economy, or CAFE, was enacted in 1975. CAFE regulates the fuel economy of new consumer vehicles sold in the US. In a nutshell, each automaker is required to meet or exceed certain MPG (miles per gallon) … Continue reading Why CAFE fuel standards are foolish
One problem with government is that politicians often feel obligated to "do something." Any action is perceived as better than inaction. Even if the action is ultimately unneeded or unhelpful. And then politicians crow about how they have made the world a better place. Just the nature of politics. The Consumer Financial Protection Bureau (CFPB) … Continue reading Example of really bad government
Most products and services have become more affordable over the past half century due to lower prices or wages growing faster than prices. But not all products and services are more affordable. College stands out as a stark exception. Why has college become less affordable? Skyrocketing college cost First, let’s look at some data to … Continue reading Why is college expensive?
Some people justify Big Government by claiming that it helps the Little Guy. This romantic view is largely political salesmanship. Big Government is more about helping politicians, government workers, and powerful special interest groups than the Little Guy. Let’s look at how government policies harm the Little Guy. Little Guy realities Before we begin, let’s … Continue reading Government helps the Little Guy?
My posts don’t normally get into politics. I do point out problems caused by Big Government, and warn people to be on guard against expanding government, but I don’t normally get into the D versus R thing. However, in this post I will discuss the fact that Democrats keep calling Trump a totalitarian. They claim … Continue reading Who is Totalitarian?
A couple of weeks ago, Puerto Rico (PR) effectively declared bankruptcy. Although I am no expert on the PR economy, based on my limited research, the mess down there seems to illustrate how too much government causes problems for an economy. We can all learn some lessons from this. What are the problems? Over the … Continue reading Lessons from Puerto Rico Bankruptcy
Libertarians and Republicans are typically more distrustful of government than Democrats. However, recent events may be making Democrats think twice. Since the 2016 election, many Democrats have bemoaned the power that President Trump has wielded or will wield. Welcome to the party, my lefty friends. Distrust of government is a longstanding and healthy characteristic of … Continue reading Democrats Should Fear Big Government