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Thursday, April 15, 2010

Senate Slow to Embrace Anti-Subsidy Policy

“A House ban on a practice that lets individual members steer federal funds to private companies is gaining scant traction in the Senate, whose leaders are among the most active sponsors of such ‘earmarks.’ The House banned earmarks for private companies after an ethics committee report said some corporate executives and lobbyists believed that making campaign contributions helped them get earmarks, although the committee cleared seven lawmakers investigated for their earmarking practices.” (USA Today, Thursday)

There’s more than one way to subsidize.

FEE Timely Classic
“Welfare for the Rich” by Robert P. Murphy