Santa Claus Front Runner in Economics-Free Zone
Santa Claus may turn out to be the real front-runner in the primaries, judging by the way candidates are vying with one another to give away government goodies to the voters.
We now have a bipartisan tradition of the government stepping in to rescue people who engaged in risky behavior -- whether by locating in the known paths of hurricanes in Florida or in areas repeatedly hit by wildfires over the years in California or by gambling in the housing market.
Why not also rescue people who gambled away their life's savings in Las Vegas? That would at least be consistent.
After the departure of Senator Phil Gramm and House Majority Leader Dick Armey, Congress has been an economics-free zone. There is not one economist among the 535 members of Congress.
But, in an election year, that is not a political handicap. Santa Claus has won far more elections than any economist.
From Thomas Sowell's article "Santa Claus Politics"