Aside from the certain moral hazard presented by Federally underwritten anything, Tim Kern has delivered some powerful insight into the consequences of Nanny-Statism over at Mises.org today. And although his analysis is in response to FEMA’s fumbling of the Katrina/Rita relief efforts, the problems he describes can be ascribed to just about any sort of heavy-handed bureaucracy. In previous responses to Mssrs. Krugman and Parenti: The solution to the problem is a free market...
Someone needs to introduce Amtrak to Arthur Laffer. I think Kip Esq. may have previously touched on the subject of Amtrak, or some other regional rail-transit system and the gross amount of subsidies they absorb. They’re like subsidy sponges, really, and they keep sucking and sucking. Anyways, I’m in the process of planning my annual snowboard/ski vacation, which is probably going to cost me a lot more than I want to spend because I...
One question that often comes up is why the government seems to do such a lousy job protecting people? why it has been virtually hamstrung by special interest groups? I’ve had lengthy *drunken* discussions with my roommate, who is a law student, and one of the smarter people I know, and he, like many others, has trouble understanding why it’s so hard to form an elected government that won’t run away with our freedoms....
