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Tag: subsidies

November 11, 2014

Obamacare's defenders resort to low blows

“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 ...

October 24, 2013

The seen and the unseen in taxpayer-funded stadiums

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 ...

September 22, 2010

Study: Government subsidies promote overfishing

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 ...