Mike Lee Wants to End the ‘Monetary Morphine’ at the Fed

By: Daniel Horowitz (Diary)  |  April 4th at 04:05 PM  | 

What’s worse than Congress picking winners and losers and distorting the free-market with bailouts, stimulus, and tendentious interventions on behalf of specific industries?  Unelected members of the Federal Reserve doing the same through monetary policy. It is amazing to watch how many Republicans will speak with such conviction against Keynesian fiscal stimulus policies, yet they will fervently promote monetary stimulus policies by the unaccountable Federal | Read More »

House Republicans Pass Budget Transparency

By: Daniel Horowitz (Diary)  |  February 8th at 11:00 AM  | 

The annual federal budget is a whopping $3.6 trillion, but that figure fails to capture the true burden of government on taxpayers. There are a number of GSEs (government sponsored enterprises) that are considered off budget.  Politicians use off-budget entities like Fannie Mae, Freddie Mac, and the Postal Service to obfuscate the true cost of government.  Additionally, the government runs a number of credit programs, | Read More »