Obama hypocritically embraces “trickle-down” economics

It’s now official. After decades of trying to deny the fact that fiscally healthy and profitable corporations create jobs and sustainable economic growth, the Democrats have finally embraced the so-called “trickle-down” effect. The only problem is that they recognize it only when they themselves are directly controlling the spending, and the fates of the companies [...]

Brainlessness behind the “stimulus”

I couldn’t have said it any better than this brilliant column in Reason magazine. The core of its brilliance:
The theory of economic stimuli suffers from several serious problems. First, it assumes people are stupid. Tax rebates, for example, presume that if people get money to increase their consumption, businesses will expand their production and hire [...]