One of government’s primary undertakings is transferring wealth, frequently from taxpayers to politically favored corporations. Sometimes these transfers are rightly called corporate welfare, but more frequently they are disguised with terms such as stimulus, bailout, or infrastructure investment. Government programs of this kind, whether financed with current taxpayer dollars, deficit spending, or promised via loan guarantee, divert resources from higher-value uses and reward firms that have invested in special interest lobbying rather than superior products and services. Subsidizing and bailing out private firms is a negative-sum exercise that destroys wealth and prevents the efficient redeployment of resources throughout the economy.
New York Post
Team Biden’s latest welfare expansion: Medicaid payments for housing, food, even furniture
The latest front in the Biden administration’s crusade to bypass the congressional appropriations process and expand the welfare state comes in the form of the …
CEI’s Joel Zinberg Joins Mornings with Maria to Discuss the Inflation Reduction Act
CEI Senior Fellow Joel Zinberg joined Mornings with Maria on Fox Business Network to discuss the Inflation Reduction Act.
The Bipartisan Infrastructure Bill Shows Much of What’s Wrong with Congress
Although it now looks unlikely, Senate Majority Leader Chuck Schumer (D_NY) wants the Infrastructure Investments and Jobs Act, popularly known as the bipartisan infrastructure bill,…
More on the Mother of All Bailouts
The Wind Cries ‘Bailout!’
Texas oilman T. Boone Pickens launched a media blitz this week to announce his plan for us "to escape the grip of foreign oil." Now…
Shady HUD Secretary to Resign