50 posts categorized "economic stimulus"

February 15, 2011

Nuclear Plants Shouldn’t Be Subsidized Either

Existing nukes are among the cheapest sources of electricity we have. They don't emit CO2 or anything else (other than water vapor) into the atmosphere. There is a solvable (see below) problem with nuclear waste.

So should new nuclear plants be built? The decision should be More...

February 14, 2011

End Federal Wealth Insurance

We need to cure a national addiction to government-guaranteed debt. Proponents of government loan guarantees for things like mortgages, nuclear power plants, college loans, and small businesses tout the worthiness of the projects that are being encouraged. IMHO, the main beneficiaries of these pr More...

January 27, 2011

Response to Chinese Subsidies for Solar Panel Manufacturing

Most of the market for solar photovoltaic panels was artificially created by subsidies and mandates in the United States and way above-market rates paid to generators of solar electricity in places like Germany and Spain (now drastically reduced). Whoever makes such decisions in China noticed thi More...

January 23, 2011

Government Money Drives Out Private Capital

The damage that government subsidies to business do the economy is far worse than just the cost to the treasury; government money drives out private investment. Government money stifles innovation; government money destroys jobs. Government's role is to regulate; it can't do that effectively when More...

January 09, 2011

The Tyranny of “No” – A Small Example

Whether the goal is to deploy rural broadband, build a factory, a bridge, or a railroad, environmental law and regulation has become twisted to allow a small minority of opponents to block projects by imposing unreasonable and unpredictable cost and delay. It's not a question of growth vs. th More...

January 06, 2011

Stimulus Interviews on NPR and Fox Business

"Nothing in America is shovel ready" was the phrase from my Confessions of a Stimulator post which led to the most discussion in interviews both More...

January 01, 2011

Reaction to Confessions of a Stimulator

Wall Street Journal publication of the lead article from my "Confessions of a Stimulator" More...

December 29, 2010

Confessions of a Stimulator – Jobs Don’t Count

""To dig holes in the ground," paid for out of savings, will increase, not only employment, but the real national dividend of useful goods and services," wrote John Maynard Keynes in The General Theory of Employment, Interest, and Money. Of course, since Keynes was an More...

December 27, 2010

My Confessions in the Wall Street Journal – and the Snow

Picture piles of soggy copies of the The Wall Street Journal lying in the snow in New York and Boston. In those soggy piles is my op-ed titled "Confessions of a State Stimulus Czar". But, fortunately, there is also an online edition of the Journal; there, albeit behind More...

November 12, 2010

The Deficit Reduction Draft Proposal is the Stimulus Program We Need!

If the "Draft Proposal from the National Commission on Fiscal Responsibility and Reform"  were adopted straight from the PowerPoint slides, there More...

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