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Subsidies

Posted on in News

Under Rand Paul’s Guidance, Trump Proceeds Ever More Boldly Against Obamacare

“When you got Rand Paul on your side, it has to be positive,” President Donald Trump said yesterday after announcing executive orders designed to increase access to association health plans while allowing competition across state lines. Trump isn’t stopping there. Emboldened by Sen. Rand Paul (R-KY), Trump is now threatening to cut off subsidy payments for insurance companies. This is a move that would cause Obamacare to effectively collapse. “The Democrats ObamaCare is imploding. Massive subsidy payments to their pet insurance companies has stopped. [Democrats] should call me to fix!” Trump said in an early morning tweet on Friday. He… Keep Reading

Posted on in News

Freedom Caucus’ Scott Garrett to head up Export-Import Bank

President Trump announced on Friday that he will nominate former Rep. Scott Garrett (R-NJ) as President and Chairman of the Export-Import Bank. The Ex-Im Bank subsidizes the financing of U.S. exports, and has been criticized by free market organizations for benefiting special interests such as Boeing and General Electric. During his time in Congress, Garrett was well respected as a fiscal conservative, boasting a 95% lifetime score from the Club for Growth, despite serving in a fairly moderate district in the New York City metropolitan area. He was a member of the Freedom Caucus and the Liberty Caucus, as well as a long-time associate… Keep Reading

Posted on in Economics

James J. Hill and The Liquidation of Malinvestment

James J. Hill is unquestionably one of the greatest entrepreneurs in American history.  This past weekend marked the 100th anniversary of his passing.  He is best remembered for the successful construction of the only transcontinental railroad to not go bankrupt.  He didn’t accept government subsidies, and argued eloquently against his competitors who did: “The government should not furnish capital to these companies, in addition to their enormous land subsidies, to enable them to conduct their business in competition with enterprises that have received no aid from the public treasury.” His endeavors can claim to be largely responsible for the settling… Keep Reading

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