Daily Archives: February 20, 2013

Obama to the poor: Deal with it

Scrooge had a very small fire, but the clerk’s fire was so very much smaller that it looked like one coal. But he couldn’t replenish it, for Scrooge kept the coal-box in his own room; and so surely as the clerk came in with the shovel, the master predicted that it would be necessary forContinue Reading

Taxes, taxes everywhere

I was reading through the March issue of Car and Driver last weekend, when I came across a letter from a reader, James Corbett of Midlothian, Virginia, weighing in on a discussion of gas taxes.  It’s worth quoting at length. I pay both federal and state taxes on gasoline.  I pay a sales tax whenContinue Reading

The latest budget “crisis” in Washington — much ado about almost nothing

In this Future of Freedom essay, Sheldon Richman argues that the wailing and rending of garments over the possibility of the sequester is much ado about almost nothing. The amounts of money we’re talking about are tiny in the context of the government’s spending. We ought to be talking about abolishing whole departments, not justContinue Reading

New at CJO: Audit critiques Industrial Commission on worker’s compensation issues

Barry Smith reports for Carolina Journal Online about a new state performance audit that criticizes the N.C. Industrial Commission for lax monitoring of businesses that are supposed to provide worker’s compensation insurance for their employees.

Protectionism for US tomato growers

JLF friend Frank Stephenson (chairman of the Economics Department at Berry College in Georgia) has this nicely barbed letter in today’s Wall Street Journal apropos of the administration’s new trade barriers that will raise the price of tomatoes for American consumers. Here’s the letter: Regarding the new trade deal with Mexico that is expected toContinue Reading

JLF book urges Taxpayer Bill of Rights for North Carolina

State lawmakers are spending much of their time these days talking about tax reform. The John Locke Foundation’s new book, First In Freedom, urges them to spend some time dealing with the related issue of spending reform. Specifically, the book recommends a Taxpayer Bill of Rights to be added to the state constitution. Learn moreContinue Reading

JLF president documents state-level conservative electoral success in National Review cover story

Readers of one of the nation’s top conservative publications will encounter these words as they peruse the latest issue: Inauguration Day 2013 was a moment of jubilation for conservatives. After four years of lackluster economic growth and a series of personal and policy mistakes, the incumbent chief executive, a history-making Democrat, was replaced by aContinue Reading

Failing to address the moral hazard

The latest Bloomberg Businessweek offers a valuable lesson about moral hazard. If there’s one thing Americans should have learned from the recession, it’s the importance of diversifying risk. Middle-class households had too much of their net worth tied up in their homes and were too exposed to stocks through 401(k)s and other investments. Despite theContinue Reading