By Emily Skarbek | Tuesday July 6, 2010 at 9:33 AM PST | 3 Comments
Says Admiral Mike Mullen, Chairman of the Joint Chiefs of Staff. Mullen notes that within two years the annual interest on the debt will be almost as much as the bloated annual Department of Defense Budget of $700 billion. Well said. Even better if Mullen would have pointed out that the debt is only...
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Tags: Bailouts, Budget and Tax Policy, Defense, Department of Defense, Economics, federal debt, Federal Reserve, federal spending, Government subsidies, Mike Mullen, Money and Banking, National Debt, national security
By Art Carden | at 6:15 AM PST | 10 Comments
While Americans spend a lot of money on private security, we generally associate police services with a local government monopoly. And indeed, government is where the buck stops. One of the conventional rationales for government provision of police services is that the market will under-provide it. After all, if I subscribe to a protection...
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Tags: Civil Society, Criminal Justice, Economics, fire services, government monopoly, Memphis Riot of 1866, Monopoly and Antitrust, Police, police services, private security, Privatization, Urban Issues