Numbers   Charts   Ideas

The Downside of Government Programs

I hadn't heard of Edward Conard before, but apparently he worked with Mitt Romney at Bain Capital. So he should know a thing or two, being as how Bain was what you might call a corporate repair shop. Its job seemed to be taking in beat-up corporate jalopies and doing a complete makeover, before sending them back on the road, all fixed up and slicked up.

Conard's first book was Unintended Consequences, "which set the record straight about the financial crisis of 2008 and explained why U.S. growth was accelerating relative to other high-wage economies." In other words, it wasn't the banks' fault.

Now in The Upside of Inequality: How Good Intentions Undermine the Middle Class Conard shows how how pretty well all the standard nostrums won't work to get the economic moving again.

Yes, he says, inequality has been increasing, but only at the very top end. And how are the 0.0001 percent getting rich? We all know the reason. It is chaps like Steve Jobs and Bill Gates coming up with long-shot technology startups that can grow into $500 billion corporations with very little additional capital.

More ...

Christopher Chantrill Follow chrischantrill on Twitter

Christopher Chantrill is a writer and conservative, and author of Road to the Middle Class. He runs usgovernmentspending.com, the go-to resource for government finance data, is a frequent contributor to the American Thinker. He lives in Seattle, Washington. Click for more.


“I love this guy.” — Steve Ballmer
 
 
Books
Road to the Middle Class shows how people change their culture from country to city. Price: $0.99 at Amazon.
US Government Spending 2016, from usgovernment-spending.com. Price: $0.99 at Amazon.
An American Manifesto, a vision of the good society after the end of liberalism. Download free draft.
 
Media Content

American Thinker

Weekly opeds starting in late 2003.

American Manifesto

Blog and book. What should America be like in the life after liberalism when civil society replaces the administrative welfare state?

Road to Middle Class

Blog and book. People get into the middle class with the cultural capital of religion, mutual aid, education, and law.

I Want a President...

Yearnings for a wiser ruler.

Rare.us

Blogging from October 2013 to February 2014.

 
Sites

Government Spending

Numbers, charts, analysis of government spending in the US. You can make your own spending charts and download spending data.

Government Revenue

Numbers, charts, analysis of government revenue in the US. You can make your own revenue charts and download tax data.

Government Debt

Numbers, charts, analysis of government debt in the US. You can make your own charts of debt over the years and download data.

Federal Budget

Numbers, charts, analysis of the US federal budget. You can create your own custom charts, and look at budget projections and compare estimated with actual.

Spending 101

Take a course in government spending. It’s free!

UK Public Spending

Numbers, charts, analysis of public spending in the UK. You can make your own spending charts and download spending data.

UK Public Revenue

Numbers, charts, analysis of public revenue in the UK. You can make your own revenue charts and download revenue data.

US President Elections

Results of United States presidential elections.

US Midterm Elections

Results of United States House and Senate midterm elections.

Stuck on Stupid

What went wrong in the nightmare of the Great Depression? For ten long years, American was stuck on stupid.

US Federal Bailout

We all know about TARP at $700 billion and change. But did you know that the total financial bailout of 2008, in spending and guarantees, amounted to over $20 trillion?

 •  Contact