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March 3, 2011
Just how bad is the US budget? This bad…

It’s not the Tea Party making these numbers up – these are US government figures!
Last week I told you about the infamous phone call between Wisconsin Governor Scott Walker and “David Koch” – now Wisconsin politicians want to ban prank calls! But Wisconsin isn’t the only state battling the unions anymore – neighbouring Ohio has joined in.
There’s this really interesting survey from last month about what 60 economics bloggers in America (including people like Amity Shlaes, Bryan Caplan and Tim Iacono) think will happen. (They’re relatively optimistic – but Michael Stutchbury in The Australian on Tuesday isn’t.) But maybe we should take what they say with a bucket of salt. 69% think the government is too involved in the economy – but 65% want the government to increase taxes on energy. Huh? How does that work?
Newsflash! Academic publishers publish more left-wing books than free market books. What a surprise – not. According to this survey of all the politics and economics books Harvard University Press has published in the last 10 years – all 494 of them - 47 had a ‘classical liberal’ or ‘conservative’ inclination, 218 were left-wing or communitarian, and the rest were ‘centrist’ or had no position (page 81 of the report).
Two weeks ago I told you about the trailer for the Atlas Shrugged movie, well now here’s the first clip of it. Barbara Branden has already seen the movie, this is what she had to say about it. And here’s what each of Ludwig Von Mises and Murray Rothbard had to say about Atlas Shrugged in their letters to Ayn Rand from 1958.
Trade union bosses aren’t known for their economic policy prowess and Bob Crow in the UK is no exception. Bob’s answer to the UK’s budget deficit? Tax emails (Yeah OK Bob, that’d be easy to enforce.)
If you don’t read the City Journal you should. This is an excellent piece from the latest edition of the Journal on why the 21st century needs Reaganomics.
Here’s what the IPA said this week:
- Alan Moran, Consumers and business will feel the pain of emissions tax - The Age
- Chris Berg, Artificial markets: miles behind the real deal - The Drum Unleashed
- Sinclair Davidson, Dirty little lie on carbon tax – The Australian
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