My old boss, Sen. Tom Coburn (R-OK), has a report out this morning that identifies 100 “questionable” projects funded by the federal “stimulus” package. I’m not going to mention particular examples here. I’ll simply say that I hope the theme that readers of the Coburn report come away with is that the federal government should not fund state and local activities. The numerous examples in the Coburn report provide concrete evidence of this truth, and I wish the report would have spent more time in the introduction fleshing it out. Fortunately, my colleague Chris Edwards wrote an excellent policy analysis on the problems with federal subsidies to state and local government. Thus, I would encourage those interested to read the Coburn and Edwards reports together.
Featuring John Allison, President and CEO, Cato Institute; Rep. Kevin Brady (TX-8), Chairman, Joint Economic Committee; and Norbert Michel, Research Fellow in Financial Regulations, Heritage Foundation; moderated by James A. Dorn, Vice President for Monetary Studies and Senior Fellow, Cato Institute.
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The 2008-2009 financial crisis and Great Recession have vastly increased the power and scope of the Federal Reserve, and radically changed the financial landscape. This new ebook examines those changes and considers how the links between money, markets, and government may evolve in the future.