About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies. So, the government spent 50% more on corporate welfare than it did on food stamps and housing assistance in 2006.
Podcast: Download GOP Candidate Ron Paul has produced a detailed budget containing over $1 trillion in first-year reductions. Mitt Romney, Rick Santorum, and Newt Gingrich have only indicated that they would attempt to repeal Obamacare saving an average of $20 billion a year. Why Do the [...]
It is commonly claimed that government spending is good for the economy, but the statistics show the opposite. Most recent studies find a negative correlation between total government size and economic growth. Why is economic growth important? Because wealthier societies are generally happier [...]
Gross domestic product (GDP) is the value of all final goods and services produced within a country. The reason GDP matters is that it is directly correlated to a reduction in human suffering. Economic growth is the primary differentiating factor between a life lived in the US and a life lived in [...]
Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
In response to recent allegations that Anheuser-Busch has been watering down its beer to boost profits, my lab used gas chromatography with flame ion detection to determine if this was indeed the case. Our analyses suggest with greater than 99% certainty that Budweiser is, and shall remain, the [...]
On Sept. 10, Secretary of Defense Donald Rumsfeld declared war. Not on foreign terrorists, “the adversary’s closer to home. It’s the Pentagon bureaucracy,” he said. He said money wasted by the military poses a serious threat. “In fact, it could be said it’s a matter of life and death,” he [...]
Podcast: Download This is the only clear examination of the true costs of the bailouts that I’ve seen. These ideas are so simple, yet so rarely ever expressed in the mainstream media.
Podcast: Download This study by the Federal Reserve examines the effects of government intervention and the absence thereof in two similar financial crises which occurred simultaneously in Chile and Mexico. Chile liquidated the insolvent banks and instituted a new regulatory system to [...]