Raise Middle Class Taxes Now!

by Mario Rizzo I now favor expiration of the Bush era tax rates for everyone.  Why? Because the only way to curb spending in the long run is to make as large a number of Americans as possible truly feel the consequences of the expenditures they appear to desire. If Americans saw the cost of the gigantic welfare … Continue reading Raise Middle Class Taxes Now!

Morality as Word Magic

by Mario Rizzo I am disturbed by the Obama administration’s revised rule regarding the provision of birth-control products and service under the new health insurance system they have created.  The original rule required all employers, particularly for our purposes institutions affiliated with the Catholic Church, to provide insurance that covers birth control without copayment , … Continue reading Morality as Word Magic

The Just Distribution of Income and Wealth

by Mario Rizzo There has been a lot of talk this year, and especially during the holiday season, about the inequities in the distribution of wealth and income. But most of what has been written is quite simple-minded, if the writers mean to convey something more than their own personal preferences for a different distribution. … Continue reading The Just Distribution of Income and Wealth

The Real Culprit in Paternalistic Legislation?

by Mario Rizzo Christopher Hitchens, the great journalist and essayist, has died. Mr. Hitchens was not always right but he often was. I saw at the Cato blog a brief piece, posted by David Boaz, that Hitchens wrote on Mayor Bloomberg's Nanny State. (HT: Dave Johnson). It was in reaction to smoking restrictions, but could easily apply, more generally, … Continue reading The Real Culprit in Paternalistic Legislation?

Fannie, Dodd-Frank and Barney Frank

by Chidem Kurdas Barney Frank  won’t run for Congress after his present term expires.  This May there were news stories about his  ex-lover getting a high-paying job at mortgage finance giant Fannie Mae while he sat on the Congressional committee that oversaw the government-sponsored entity.  Regardless of what voters now think of Mr. Frank, Dodd-Frank, … Continue reading Fannie, Dodd-Frank and Barney Frank

Politically Feasible

by Mario Rizzo Many years ago, the distinguished economist, William H. Hutt, wrote a pamphlet called “Politically Impossible?” He argued that economists should not seek political relevance by proposing only those policies that they perceive as politically possible, practical or feasible. They should speak truth to power, so to say, and advocate those policies that … Continue reading Politically Feasible

Healthcare as Social Planning

by Mario Rizzo Although I am an advocate of voluntary birth control, I am not happy about (1) the equation of this choice with healthcare – even preventative healthcare (as if pregnancy were a disease); and (2) the government mandating that health insurers must cover these expenses, without even a copayment. A recent “non-partisan” committee has … Continue reading Healthcare as Social Planning