“When I use a word,” Humpty Dumpty once said, “it means just what I choose it to mean–neither more nor less.” Congress lacks that luxury because the judiciary judges the meaning of its words. However, in a venomous New York Times article, Paul Krugman says that judges who try to rely on the plain language of Ob ...
City of Industry, a city of only 219 residents in Los Angeles County, recently announced plans to spend $172 million to develop infrastructure for a stadium to host a team that doesn't exist. The city will spend the funds even if a stadium is never built.Sadly, such taxpayer funded sports stadiums have become all-too-common in ...
Author: Daniel Himebaugh In his classic book, Economics in One Lesson, economist Henry Hazlitt explains that protecting chosen industries with government subsidies ultimately results in less wealth creation and a lower standard of living for everyone. This is because subsidies are wealth transfers that divert capital and labor from industrie ...
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