Archive for the 'Economics' Category

Transportation One-Two Punch

Posted by on May 06 2013 | Economics, Taxes, Transportation

With all the focus on guns, it’s easy to forget about all the other areas the Colorado legislature effects our daily lives – like transportation. Transportation policy has been one of my pet issues for quite sometime. As you may recall, I used to be chairman of the RTD board (see, I’ve got some street cred).

Some important things to note: First, the big light-rail boondoggle moves forward with the recent opening of RTD’s West line. You may have read that it came under budget, but of course that’s not true. It actually costs more than double what they estimated back in 1997. Not to mention it will service less people than originally proposed, making it the perfect combination of a government program: Over budget with less benefits. You can read more about the boondoggle in this Complete Colorado Page 2 editorial, “Light-rail boondoggle moves money instead of people,” from Brian Schwartz and Randal O’Toole.

Speaking of Brian Schwartz… he’s been on fire in relation to transportation these days. Not only did he help write that fantastic editorial for Complete Colorado, he was also quoted in this morning’s Denver Post. In an article describing how the state can now use road money for virtually anything transit related (totally unconstitutional by the way), Brian is quoted as the lone voice in opposition (go figure).

Keep it up Brian, we – and our cars – need you fighting the good fight.

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VIDEO: One on One with Professor Walter Williams

Posted by on Mar 22 2013 | Economics, Economy, Idiot Box (TV Show), PPC, Video

The great economics professor Walter Williams joined me on my show last week. In case you missed it, here is the video.

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VIDEO: Walter Williams 2013 Founders’ Night Keynote Address

Posted by on Mar 15 2013 | Economic LIberties, Economics, Economy, PPC, U.S. Constitution, Video

In case you missed our annual Founders’ Night dinner last Thursday, here is the keynote address given by world famous George Mason economist Walter Williams.

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What Can IHS Do For you?

Posted by on Mar 06 2013 | Economics, Events, PPC

IHS Summer Seminars:
Get more liberty in your life! This summer, the Institute for Humane Studies will offer nine week-long seminars on the foundations and applications of liberty. Learn about principles that transcend politics, discuss world-changing ideas with participants from around the globe, and hear about careers that make a difference. Students and recent graduates are eligible. Deadline is March 31st! Find out more: www.TheIHS.org/summer-seminars.

Scholarship & A Free Society Symposia:
This summer IHS will host two colloquium-style academic conferences – http://www.theihs.org/scholarship-free-society – to support the next wave of influential thinkers contributing to the classical liberal intellectual tradition by bringing graduate students together with current leading scholars in their fields. All applicants are invited to submit a paper proposal for presentation (paper submission optional). Open to graduate students pursuing liberty-advancing research in the humanities. For more information, visit www.TheIHS.org/scholarship-free-society.

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Don’t Forget: Founders Night 2013 Featuring Walter Williams

Posted by on Mar 04 2013 | Economics, Events, PPC

You know when the car salesman says, “Yep, that’s the last one we have in inventory and I have a couple coming to look at it in a half hour,” and you just know he’s selling you. Well, he’s a car salesman, and therefore, more trustworthy than me. But here’s the odd thing – I’m not lying this time.

We really only have a few seats left for our Founders’ Night Dinner coming up this Thursday, March 7th. (Yes, it’s that close). And when they’re gone, they’re gone.

It’s gonna be a conservative version of Woodstock, which means we’ll accomplish in a couple of hours what took the inefficient liberals days. And all of us, except Todd Shepherd, will have showered. And on stage – all the greatest acts singing the hits that made them famous: Amy Oliver Cooke, David Kopel, Mike Rosen, Bickel Award Winner Leslie White, D’Evelyn Award Winner Gale Norton, and the headline act: Professor Walter Williams.

Will you be one of those losers who can only lie about being at Woodstock–like me–and fake acid flashbacks years later, or will you be the guy who parties with the band and can honestly barely remember it?

Seriously, there are only 20 seats left. Register online here.

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You Can’t Draw Away Scarcity

Posted by on Feb 07 2013 | Economics, Transparency, Transportation

Why on earth does an artist’s rendition of some future utopia merit public policy debate?

Recently, an artist drew a pretty picture of what he imagined high-speed rail could look like in a utopian United States. Why is it utopia you ask? Because only in a utopian world without scarcity could the sparsely populated United States sustain high-speed rail. However, in our current world with scarce resources, high-speed rail can only exist in pretty pictures and in thick red ink on government expense sheets. It is simply not a profitable venture, which is why you see private resources staying far away from rail transit. Nevertheless, big government does not shy away from big losses like the private sector. I can see the slogan now, “No loss is too big to scare us away!”

9News came by the Independence Institute offices the other day to get my thoughts on the whole issue. You can watch the video here, or below in the player.

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28th Annual Founders’ Night Featuring Walter Williams

Posted by on Jan 28 2013 | Economic LIberties, Economics, Economy, Events, PPC, Taxes, U.S. Constitution

Mark your calendar right now for the biggest party of the year. And it’s coming up fast. Our 28th Annual Founders’ Night Dinner will be held March 7th at Infinity Park in Glendale.

Every year we honor one person who has gone above and beyond to fight for Liberty and the future of Colorado with our David S. D’Evelyn Award. Past recipients include Mike Rosen, Jake Jabs, Bruce Benson, William Coors, Hank Brown and many more.

This year we are thrilled to recognize with this award a true Independence Institute original – one of our former Senior Fellows and former Board Trustee. This person was a lawyer for the Mountain States Legal Foundation, a free market public interest legal foundation dedicated to individual liberty and property rights. This person also served as Attorney General for the State of Colorado and later as the Secretary of the Interior of the United States of America.

Haven’t guessed who it is yet? Here’s a hint – liberal actor/activist Robert Redford was so enamored with this person that in a public letter to her, he said, “Sadly, since assuming the Interior Secretary post, you have compiled an abysmal record of capitulating to big businesses at the expense of the nation’s public health, public lands and wildlife.” How can you not love her?

Yes that’s right: Liberty’s Warrior, the Honorable Gale Norton will receive our D’Evelyn award.

And now for the main act…

America is on the edge – the edge of fiscal ruin by governmental spending, the edge of moral ruin by mortgaging our children’s future, the edge of Constitution ruin by an unchecked federal government.

Perhaps like you, we at Independence find ourselves wondering – is it too late?

We wanted to bring that question to someone qualified enough to actually answer that question. After a great deal of in-house argument as to who was best to understand and explain the role of government in a free society, we all found ourselves drawn to the same name.

I am more than excited to announce our keynote speaker on March 7th is the great economist and communicator, Walter Williams.

Following in the trail blazed by Fredrick Hayek and Milton Friedman, Walter Williams is the nation’s finest, clear-thinking economist. And his thinking has brought him to what he told me was his solution for the nation’s crisis – Obey the Constitution.

Dr. Williams is Chairman of the Economics Department for George Mason University in Fairfax, Virginia. He is the author of over 150 publications which have appeared in scholarly journals such as Economic Inquiry, American Economic Review, Georgia Law Review, Journal of Labor Economics, Social Science Quarterly, and Cornell Journal of Law and Public Policy and popular publications such as Newsweek, Ideas on Liberty, National Review, Reader’s Digest, Cato Journal, and Policy Review. He has authored ten books including Do the Right Thing: The People’s Economist Speaks, More Liberty Means Less Government, Liberty vs. the Tyranny of Socialism, Up From The Projects: An Autobiography, and Race and Economics: How Much Can Be Blamed On Discrimination?

He has made scores of radio and television appearances which include Nightline, Firing Line, Face the Nation, Milton Friedman’s Free To Choose, Crossfire, MacNeil/Lehrer, Wall Street Week and was a regular commentator for Nightly Business Report. He is also an occasional substitute host for the Rush Limbaugh Show. In addition Dr. Williams writes a nationally syndicated weekly column that is carried by approximately 140 newspapers and several web sites.

Seats for this event will be going quickly, very quickly. If you wish to join us, you have the opportunity to purchase tickets online here, or you can email Mary MacFarlane at Mary@i2i.org.

Don’t be the person who someday says, “Oh, I wish I had been there!”

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Paul Ryan’s Budget Too Moderate, Not Too “Extreme”

Posted by on Nov 23 2012 | canada, Economics, Economy, Health Care, Politics

The federal budget plan of Rep. Paul Ryan has been repeatedly characterized as “extreme.” (I Googled, “Ryan plan extreme” and got over 43,100,000 hits.) Among those making the charge have been the editorial writers over at the Denver Post.

In reality, several Western democracies have enacted far more “extreme” deficit elimination plans in recent years—and with great success. In the early 1990s, Canada was laboring under about as much debt as the U.S. now is, measured as a share of the economy. In a new article, former Canadian prime minister Paul Martin (a Liberal Party prime minister, no less) tells us how his government cut federal spending in absolute terms, balanced the budget in about five years, and lowered taxes.

The Canadian reforms were preceded by similar successes in places like Alberta, New Zealand, and Great Britain. All required absolute drops in spending, with no sacred cows. Everyone has to feel that he or she is making a sacrifice for all.

Ryan’s plan would only slow the increase in spending, not cut it. It would exempt people over 55 from Medicare changes, a political as well as a budgetary mistake. And it would not balance the budget until at least 2040—if at all.

In other words, a fundamental flaw of the Ryan plan is that it is not sweeping enough.

You can expect Lefty activities to throw dirt on any plan that would curb even minimally the out-of-control welfare state. But the Post editors—who write for Colorado’s newspaper of record—need to exercise more discretion.

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Reasons to Get High… No Really

Posted by on Nov 21 2012 | Drug Policy, Economics, Polls, Popular Constitutionalism, Popular Culture, PPC, Public Opinion, Regulation, Tenth Amendment, U.S. Constitution

There are some good reasons to get high on pot.

The Independence Institute held no position on Amendment 64, legalizing recreational marijuana. And I know not everyone is thrilled about Colorado becoming the Amsterdam of America. But like it or not, it is in our state constitution.

So let me throw out this idea – even if you hate pot being legal, there are some great victories for limited government hidden inside this issue.

First, we finally have a state-rights issue that the Left can, must and will understand and fight to preserve.

Marijuana is still very illegal by federal law, but now it’s protected by our state constitution. I am no legal expert on the U.S. Constitution, but I don’t see anything in it that gives the Feds power over Colorado on this one. But what the hell do I know? I didn’t see anything in it that could let the Feds tax us for not buying health insurance.

Pardon me for stealing this phrase, but, this is a great teachable moment. This is a massive opportunity for those of us who fear the growing central authority in D.C. Some portion of the Left will now agree with us. We need to embrace this challenge and take a lead in educating Coloradans about the Tenth Amendment before the Left tries to pervert it somehow.

In order for those who support pot to keep in legal in Colorado, they MUST embrace the Founders’ ideal of Federalism. And I believe we need to help them understand the power of this simple ideal, and why it applies to a whole lot more than weed.

But if you hate Amendment 64 and wish it smothered out of existence, the only way that can happen now is if you embrace what the Left embraces: federal power trumping the expressed wishes of a sovereign state. Perhaps, like health insurance, the Feds can tax us for not purchasing dope, but they’ll have to pervert the Constitution (again) to override the vote in Colorado.

Here’s the second little prize in Amendment 64. Legalized pot MIGHT force some on the Left to face their hypocrisies, like their confusion on property rights and freedom of association.

In Colorado, it is illegal for an owner of a private establishment to allow tobacco smoking in their bar or restaurant. No one here is free to enjoy a cigar and a steak, or a cigarette and a cup of coffee, in the same place and time. Smokers cannot freely associate with other smokers, enjoying their legal product, in private establishments. Smokers are treated like lepers. My elitist hometown of Boulder is about ready to make smoking outdoors on the Pearl Street Mall illegal. Now that about 65% of Boulder voted for pot, will pot smokers and their business owners be treated like their tobacco-smoking brethren?

Tobacco is taxed at an exorbitant rate, regulated to the point of making it a controlled substance. State cigarette tax windfalls are spent on childhood reading programs and building sidewalks. Will the state heap wild sin taxes on pot and spend that money in ways that have nothing to do it?

I am looking forward to owners and customers of pot businesses opening their eyes (if they can pry their baked eyes open) to how abusive regulation destroys what they are trying to build.

We have a problem getting our message of limited government outside of our own echo chamber. If you doubt that, I’ll remind you of the last election. Well, here’s an uncomfortable opportunity to try something different.

Let’s channel our best Voltaire: I disagree with your decision to legalize pot, but I’ll defend to the death your state’s right to do it.

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The Denver Post Needs an Intervention

Posted by on Oct 19 2012 | Economics, Economy, energy, Environment, Media, obama, PPC, Taxes

Why is this Billboard now across the street from the Denver Post building?

I don’t want anyone to get the wrong idea, so let me explain. I really miss the days of Denver being a two newspaper town. The Denver Post and the Rocky Mountain News for a century had a competition which gave Coloradans superior news coverage of state and local issues. Those days are gone. The Rocky went under a few years ago and sadly, the Post is a frail shadow of what it once was.

Much of this demise is not the fault of the Post. Younger people don’t buy papers, they get their news for free online. Online classified ads like Craigslist took away the paper’s largest steady income source. The Post is also straddled with crippling debt.

But the Denver Post is still the paper of record for Colorado. And it needs to act like it.

I want to see the Post survive and thrive. The state needs a trusted news source. But just like when a friend needs an intervention, the Post needs to hear the truth no matter how painful.

To the good and extremely overworked people at the Post, we have to tell you that you are failing to cover news. My guess is you know this. We understand your staff has been slashed to a fraction of what it was and how this economy has hurt your industry. But we rely on you for actual reporting, and you are failing to do that job. Rerunning Associated Press stories and writing about gardening tips and Bronco games are fine. However, you have a responsibility to report the news.

When Denver Public Schools changed their evaluation for teachers, judging them on how well they got our children to get involved in “social justice,” there was no news coverage from the Post. 9News did the story. When DPS reversed this politically-driven policy, there was again no coverage. You could read about it in the Washington Times, however.

When it was found that the co-chair of President Obama’s reelection committee, Denver’s former mayor Federico Pena, was a venture capitalist just like Mitt Romney, laying off a thousand workers and closing three domestic factories, there was no coverage. Rush Limbaugh did a better job informing Coloradans about this story than the Post did.

But hiding from the Abound Solar story is beyond excusable.

In our own backyard is Solyndra on steroids, and not a peep from the Denver Post. A politically-connected solar company gets a $400 million guarantee of government loans. And we learn of the Pat Stryker connection from Complete Colorado. http://completecolorado.com/stories/markey-stryker-pay-to-play.html

When the firm went belly-up the company execs told a Congressional committee it was because of cheap Chinese competition. But when whistle blowers show that the product was so faulty it would catch fire, it was the Daily Caller that told the story http://dailycaller.com/2012/10/02/sources-documents-suggest-government-subsidized-abound-solar-was-selling-faulty-product/. As one worker said – it was a fine product, so long as you didn’t put it in the sun.

When documents were found suggesting Abound falsified its books to secure funding, there was no story in the Post. You had to go to Fox News http://nation.foxnews.com/abound-solar-inc/2012/10/08/congress-local-authorities-investigate-doe-loan-recipient-abound-solar

When the District Attorney of Weld County opened a full investigation into Abound, you could find the story on Channel 7 http://www.thedenverchannel.com/news/local-news/abound-solar-under-investigation-by-weld-county-district-attorney-received-68-million-stimulus but not in the Post.

When the US House Energy and Commerce Committee announced a further investigation into Abound, http://energycommerce.house.gov/press-release/committee-leaders-probe-does-knowledge-loan-recipients-faulty-solar-panels – now the story made it to Reuters, but not the Post.

We put a billboard across the street from the Denver Post to remind them that they are STILL the paper of record in Colorado. And it’s time they stopped turning a blind eye to news that matters. We want the Post to succeed.

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