Taxes and Finance

Fiscal Cancer

Allan R. Bevere discusses the recent report of the bipartisan commission on the deficit.  The new is not good, but it is also not surprising. In Preserving Democracy, chapter 2, “Taxes and the Welfare State” discusses spending, taxation and the deficit, and these topics are taken up in chapter 10, “The Never Ending Struggle,” where…

Taxes and Finance

When Government Action Fails

… try more government!  From Preserving Democracy: In the chapter on planning and control, I wrote that the failure of government planning normally results in even more government planning. This pretty much summarizes the current financial problems.  (p. 259) Links News Stories: TARP Panel: Effects of AIG Rescue “Poisonous” Financial Reform Could Whack TARP Banks…