Shoddy service, regular breakdowns, and overbudget to boot. There is a reason why government-funded projects always waste resources.
Original Article: "The Failure of Public Works and Public Funding"
Full story here Are you the author?You Might Also Like
Boeing 737 MAX Disasters’ Root Cause Was Government Regulation
2023-04-08
On October 29, 2018, on Lion Air Flight 610 out of Jakarta, Indonesia, a Boeing 737 MAX’s safety control pushed the plane’s nose down hard, paused for five seconds, then repeated this cycle, over and over. The pilots fought to pull the nose back up, only to get overpowered again and again. The passengers fell back against their seats, then fell forward, over and over. The seconds stretched on across all these souls’ last moments alive.
On March 10, 2019, on Ethiopian Airlines Flight 302 out of Addis Ababa, Ethiopia, another Boeing 737 MAX’s safety control operated in the same way and crashed this second flight.
Deadly consequences follow when simplicity, controllability, innovation, and safety take a back seat. This happens when regulation is done not through the relentless choices of
Roosevelt’s 1933 Gold Theft and Default
2023-04-06
[April 5 is the 90th Anniversary of Franklin Roosevelt’s executive order banning private ownership of gold. In this selection from Part III of America’s Money Machine: The Story of the Federal Reserve, economist Elgin Groseclose shows how FDR’s executive order was part of a larger effort to deliberately debase the dollar, drive up prices, nationalize gold markets, and default on gold-based bonds. All the while, he claimed the dollar "a generation hence" would "have the same purchasing and debt-paying power."]
Public sentiment for inflationary remedies and direct monetary management continued to outpace the Administration thinking and during the 73rd Congress numerous bills to this end were introduced. Among them was another bill, by Representative T. Alan Goldsborough, that would have
Who Are the Wealth Destroyers, Politicians or Billionaires?
2023-04-05
Thinking that billionaires are a policy failure has become pervasive in the United States. Politicians like Alexandria Ocasio-Cortez and Elizabeth Warren are leading the charge in the demonization of billionaires. Left-leaning politicians and their allies think that billionaires corrode society by accumulating large fortunes, which amplify inequality. As such, many propose taxation as a tool to promote fairness by redistributing resources, yet such intentions are not always virtuous and could instead be guided by envy.
When proposals to tax billionaires are couched in compassionate terms, they are more likely to elicit sympathy. Usually, we think that suggestions to tax billionaires are motivated by notions of justice and fairness. Most people are appalled by acts of injustice and
Tags: Featured,newsletter
