Rand Paul Is Right about Israel | Benjamin H. Friedman | Cato Institute: Commentary

Rand Paul Is Right about Israel | Benjamin H. Friedman | Cato Institute: Commentary: "Being pro-Israel does not require arming it with our tax dollars forever. Israel can now defend itself and then some."

Republicans Are Weak on Farm Subsidies | Michael D. Tanner | Cato Institute: Commentary

Republicans Are Weak on Farm Subsidies | Michael D. Tanner | Cato Institute: Commentary: "The level of hypocrisy is breathtaking. For example, conservatives rightly denounced government subsidies to business when the auto industry was at issue. Why, then, are subsidies a good idea when directed to, say, Archer Daniels Midland?"

"And it is hard to see how anyone can claim to be a fiscal conservative while supporting $15 – 35 billion per year in government spending that largely goes to a group of people with incomes above the national average. Farm income for 2010 exceeded $92.5 billion. That's a 34 percent increase from 2009, and — even if you subtract payments from the government — 28.8 percent above the previous ten-year average. While conservatives often mythologize small farms, most farm subsidies go to large and corporate farms. In fact, the largest 10 percent of recipients receive 73 percent of all subsidy payments."

"It is always easier to cut the other guy's subsidy. And some of the most deeply 'red' states are among the biggest collectors of federal largess. In 2010, solidly Republican states such as Alaska, Kansas, North Dakota, South Dakota, and Virginia were among the largest recipients of per capita federal spending. That means any serious attempt to cut federal spending is going to require Republicans to take on their own constituencies."

Obama on Auto-Defrosting Refrigerators - Jeffrey A. Tucker - Mises Daily

Obama on Auto-Defrosting Refrigerators - Jeffrey A. Tucker - Mises Daily: "All evidence suggest that the truth is precisely the opposite of what Obama claimed. Frost-free freezers came about in the normal market way. A company found a way to package it as a luxury good available in some markets. Another company saw the advance and emulated it, offering it to still other markets (though the process was likely slowed by the government regulation called the patent). Other companies saw the potential for solving a monstrous household problem and began making them more cheaply and more efficiently, as the target market gradually went from luxury to mainstream. Over time, the improved product was ubiquitous."