Archive for January 29, 2008

Sowell on stimulus

Thomas Sowell talks stimulus. Notable:

Of course markets can fail. Everything human can fail. But if Alex Rodriguez strikes out, do the Yankees take him out of the game and send in a pinch hitter for him?

No one would dream of suggesting such a thing. We are far more rational when discussing sports than when discussing politics.

Stimulus money

Steven Landsburg in today’s LA Times on the stimulus package.

HT: Mark Perry

Shark pics

Great shark pictures.

HT: Glenn Reynolds

Spirit of Laffer

From today’s WSJ:

Wow. The tax rate fell to 15% from 20%, yet revenue collections have climbed by 152% in four years. The nearby table shows that the response by investors has been much larger than even many advocates had hoped to see. In 2002, the year before the tax cut, the capital gains realizations that filers report on their tax returns were $269 billion. Realizations grew smartly in each succeeding year, and CBO is now projecting that the total for 2007 will be $863 billion.

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Contract law

Dick Armey on how Congress plans to undermine contract law.

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