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Posts tagged as “Economics”

Rotten Paper, Toxic Paper

Pat Buchanan’s take on the current financial crisis. See Day of Reckoning.

The Bailout Reader

The Ludwig von Mises Institute has compiled The Bailout Reader, a collection of articles relevant to the current situation. Not all these articles are from…

Laissez faire in Washington? On what planet?

Sheldon Richman of the Foundation for Economic Education contributes analysis of the current economic situation in the article Government Failure. A few quotes: Laissez faire…

Wind Power: Why Special Tax Treatment?

A recent article in USA Today (Renewable energy firms clamor for tax breaks) reports on the uncertainty of whether the U.S. Congress will extend the…

Kansas Climate Change Mitigation Will Be Costly

A recent presentation in Kansas revealed that fighting global warming in Kansas will be quite costly, and will harm lower-income families most. The Wichita Eagle…

Pickens’s Slim Economics

An article from the Foundation for Economic Education warns us to be cautious when considering the plans of oilman T. Boone Pickens: Pickens’s commercial no…

Where’s Leadership on Oil Speculation?

In the July 12, 2008 Wichita Eagle, Kenneth James Crist of Wichita blames oil speculators for ruining the U.S. Economy, writing that politicians should “do…

The Threat of Social Progressives

In the July 5, 2008 Wichita Eagle, a Mr. Chet Syres of Hutchinson contributes a letter promoting the virtues of liberalism, proponents of which he…

Wichita Business Journal: Please Explain the Wichita School Bond Impact

Mr. Heck must be relying on reporting from his own newspaper, for a few months ago it printed the article "Brooks: Bond issue possible in spring" (December 28, 2007 Wichita Business Journal) in which Brooks and Joe Johnson, head of the school district's architectural firm Schaefer Johnson Cox Frey Architecture say that the bond issue in 2000 did, indeed, save Wichita.

This is nonsense of the highest order. Government spending cannot create prosperity. Borrowing against future tax revenue only compounds the problem.

Price Controls Will Harm Iowa

In the article Price Controls Create Man-Made Disasters we learn that although the Iowa attorney general has imposed Iowa’s anti-price-gouging rule (Price-gougers beware, Attorney General…

Wichita School Bond Issue: Is Economic Impact Real?

I wrote to Janet Harrah, the lead author of this report, with some questions. One of her responses, not to any particular question I asked but just by way of general explanation, was this: "These studies are designed to estimate the impact of expenditures for a particular activity. These studies are not designed to determine the 'best and highest' use of money."

This revelation makes this study useless as a guide as to whether spending by the Wichita school district is wise.

A Believer in Good Government Programs

A Mr. Greg Abbott of Clearwater, Kansas makes the case in the June 13, 2008 Wichita Eagle that there are many good government programs: the interstate highway system, the post office, the air traffic control system, police and fire departments, etc.

I believe the writer makes a huge error in logic by assuming that because these programs exist and have been provided by government, then they are good things to have, and that these things can only be provided through government. To make this conclusion requires a huge leap and a good measure of misplaced faith in the institution of government.

Tax Abatements in Wichita

A few months ago I spoke before this council asking that you not grant a tax abatement. At that time I was told that granting a property tax abatement doesn't have any impact on City of Wichita spending.

I found this quite remarkable, that new homes and buildings can be built but not consume any additional resources that the city and other local governments supply. If this is truly the case, why should a new development of any type at any location have to pay any property tax at all?

Investment in Wichita Public Schools

A letter writer in the April 27, 2008 Wichita Eagle makes the case that investment in USD 259 (the Wichita, Kansas public school district) has a good return.

By way of comparison, the writer argues that the Wichita airport, having been built with public funds, represents "an investment return." Whether it represents a good return on investment the writer doesn't say, but I believe he means that the airport was a good investment of public funds.

Wichita school bond issue economic fallacy

I have no doubt that the school bond issue in 2000 was a tremendous benefit to Mr. Johnson's firm. I'm sure Superintendent Brooks, in some way that I don't understand, benefited from the bond issue, too.

As to the rest of the community, however, the benefit claimed by these two men doesn't exist. It never existed. It is only a fantasy flowing from an economic fallacy.

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