The 10 Biggest US Bailout Losses
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The Politics of Corn
Take a look at almost any prepackaged food product you buy at the store. You will be surprised how many products contain High Fructose Corn Syrup (HFCS), a sweetener derived from corn sugar. HFCS is not better tasting than sugar, nor is it healthier, as studies have shown a link between HFCS and increased rates…
10 Outrageous But Forgotten Political Scandals
6. Mel Reynolds Underage Sex Scandal Mel Reynolds was a Democratic Congressman from Illinois who had to resign in 1994 after being convicted on charges stemming from a sexual relationship he had with a 16 year old girl. The girl had volunteered on Reynolds’s campaign in 1992, when the relationship began. On August 22, 1995,…
10 Government Regulations Too Stupid to Believe
Photo by KristinNador 6. Gardens Zoning laws are becoming nothing more than a way for bullies to interfere with people’s lives. This is just another example. In many communities, having a garden is a regulated enterprise. One such community in Tulsa, Oklahoma demanded all plants not for human consumption be kept under 12” tall. Even…
Subsidies are the Steroids of Business
When the use of steroids and performance enhancing supplements became widespread in Major League Baseball, fans were in outraged. If some players had an unfair advantage over others, it sullied the entire sport. Americans who followed baseball felt cheated and duped. Congress even got involved, citing The Federally Controlled Substances Act and anti-trust exemptions held…
10 More Ways the Government Wastes Your Money
Photo by Dave-Gray 6. NASA spent $15,000 to help find the lost tomb of Genghis Khan With NASA’s manned space missions grounded indefinitely, the agency is now searching for signs of ancient civilizations right here on Earth. The space agency sponsored a $15,000 challenge to locate the lost tomb of Genghis Khan, the Mongol leader…
Higher Revenues with Lower Taxes? The Laffer Curve Explained
The idea that higher revenues can be raised by lowering tax rates seems counter intuitive to many. In fact, politicians who campaign on lowering taxes are often derided as liars, especially in light of budget deficits. It is often asked: how can anyone promise to cut taxes when the government is already short on revenue?…