Washington is filled with dishonest and self-serving analysis. Much of that shoddy output is driven by privileged groups seeking bailouts, subsidies, protectionism, or a tilted playing field.
- The health insurance and pharmaceutical companies supported Obamacare.
- Big agribusiness firms support farm subsidies.
- The big Wall Street Firms supported Dodd-Frank.
But that’s not the only type of dishonest and self-serving you find in Washington.
Let’s take the example of President Biden’s proposal to gut welfare reform with per-child handouts.
The micro-economic problem with that policy is that it reduces incentives to work – as illustrated by this Wizard-of-Id parody or this cartoon about socialism.
The macro-economic problem with that policy is that it’s part of a radical expansion in the burden of government that will make the U.S. more like Europe.
For today’s topic, though, I want to call attention to a recent…
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Utopia, you are standing in it! 
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