Tuesday, June 21
Sally C Pipes
Pacific Research Institute
The Truth about Obamacare and How to Dismantle it
It’s one of the great economic shifts in the history of humankind, all taking place in the space of about 20 years. And yet, it largely remains unremarked upon. How… Read More
Corruption: With each new revelation, the murky world of the Clinton family finances only seems to get murkier — and dirtier. And a new report suggests it’s no accident.Read More
Most Americans think that the federal government is incompetent and wasteful. Their negative view is not surprising given the steady stream of scandals emanating from Washington. Scholarly studies support the idea that many federal activities are misguided and harmful. A recent book on federal performance by Yale University law professor Peter Schuck concluded that failure is “endemic.” What causes all the failures?
First, federal policies rely on top-down planning and coercion. That tends to create winners and losers, which is unlike the mutually beneficial relationships of markets. It also means that federal policies are based on guesswork because there is no price system to guide decision making. A further problem is that failed policies are not weeded out because they are funded by taxes, which are compulsory and not contingent on performance.
Second, the government lacks knowledge about our complex society. That ignorance is behind many unintended and harmful side effects of federal policies. While markets gather knowledge from the bottom up and are rooted in individual preferences, the government’s actions destroy knowledge and squelch diversity.
Third, legislators often act counter to the general public interest . . .
Congresswoman Elise Stefanik is not your typical Millennial. At the age of 31, she’s already a member of Congress, where the average age is 60. She’s also the youngest woman ever elected to Congress in US history.
It might sound odd that such a young female succeeded in getting elected to a legislature historically dominated by old white men.
Still, it’s extremely impressive what Congresswoman Stefanik has been able to accomplish, but she remains very modest about it. In her view, being the youngest female member of Congress in US history is not just an honor, it’s a tremendous responsibility. She said,
It's an incredibly humbling experience. I didn't know I would be the youngest woman ever elected to Congress. The media started covering this after I won my primary and an interesting thing started happening at campaign events — moms and dads started bringing their young daughters… and for many of these families this was their first time at political rallies. [These parents] wanted to show their young daughters a role model and an example of what they could achieve… For me that's incredibly humbling, and I do take my role seriously as a role model.