Small TextMedium TextLarge Text

Free Market News

Featured Article

Testimony: Regulation of Payday Lending in Ohio

I oppose this bill because I believe additional regulations on the payday lending industry in Ohio are unnecessary, and because, of the various bills related to payday lending regulations currently pending in the Ohio General Assembly, HB545 is perhaps the most likely to create adverse and unintended economic consequences over the long run, and will further restrict and limit credit options for the low- and moderate-income customers who make convenient and tempered use of payday loan services in the State of Ohio.

Continue article...

Featured Article


The Shocking Flaws of The Shock Doctrine

by Marc Kilmer
May 14, 2008 at 9:59 am

If you watch any of the cable news shows you may have seen Naomi Klein on them recently, discussing her book The Shock Doctrine. In it she makes the claim that Milton Friedman was essentially an enabler of dictators around the world and that he and his followers fomented crises in order to deregulate markets and thereby plunder the wealth of these nations. Anyone who has read Friedman knows this is ridiculous, but Klein has become a celebrity on the statist circuit for telling those audiences what they want to hear.

Read the rest of this entry »


Tax Dollars for Lobbying?

by Marc Kilmer
May 13, 2008 at 4:24 pm

The Coalition on Housing and Homelessness in Ohio (COHHIO) has been a big supporter of the push to ban short-term loans, aka payday lending. There’s nothing wrong with individuals banding together as an organization to lobby government. That’s the essence of the First Amendment. But is it proper for taxpayer-supported organizations to do so? Or, to put it another way, should organizations to which you, as a taxpayer, are forced to hand over your money be pursuing a political agenda?

COHHIO receives a significant portion of its funding from government grants. Now, according to its tax forms (available if you are a member of Guidestar), it spent almost $500,000 in 2006 on lobbying. That’s more than it spent on “training and technical assistance” to help the homeless. Now, I’m sure there are requirements that the money it gets from the government is kept separate from its lobbying money and that COHHIO has the proper firewalls between funding sources. I’m not accusing them of breaking any laws. I’m concerned about the wider issues here. The government funds, at the very minimum, support the overhead and salary of COHHIO officials. Without these funds, COHHIO would have a difficult time doing its work, whether that is lobbying or providing “training and technical assistance” on homelessness issues.

You have no choice but to support COHHIO’s work. Even if you disagree with them, they get your money. Is that right? Is it right that a group gets taxpayer dollars and that this group may be working against your interests before the General Assembly?


Keeping your eye on the pea

by Mike Maurer
May 13, 2008 at 8:34 am

Marc Kilmer keeps his eye on the pea with this Buckeye Institute Viewpoint , disparaging the earned-income-only income tax for school districts. The very thing that was sought to be achieved, exempting retired people from paying for school districts, is the thing that Kilmer attacks:

Politicians need to be honest and levy taxes so that voters can truly appreciate the cost of the taxes against the benefits received by new spending. If a new school is truly needed, taxpayers should be willing to bear the cost. If it is not, however, then politicians should not be trying to trick voters into approving it by shifting the cost to only a small segment of school district taxpayers.

The difference between taxes and user fees is one of the key components of transparency, the character of knowing what your government is doing. When government officials are able to shift dollars from one character of government activity to another without structure, rhyme or reason, voters cannot follow what their government is doing.


Connecting Teacher Quality and Student Learning

by Matthew Carr
May 12, 2008 at 2:10 pm

Today’s Wall Street Journal carries an insightful op-ed by John Merrow, the president of Learning Matters, regarding the recent decision by New York lawmakers to ban the use of student performance data in granting tenure to teachers.

State and city teacher unions lobbied the state legislature, and last month Albany gave in to the pressure. Today, the law reads, “The teacher shall not be granted or denied tenure based on student performance data.”

Celebrating the victory, United Federation of Teachers President Randi Weingarten said, “There is no independent or conclusive research that shows you can accurately measure the impact of an individual teacher on a student’s academic achievement.”

Independent analysts disagree. Eric Hanushek, who specializes in the economics of education at Stanford University, told me recently that “It is very clear from the research into variations in teacher quality that such information would be useful.” Calling this “very bad public policy,” Prof. Hanushek added dryly, “I guess only friendships and politics count - just what the unions have always railed against.”

Read the rest of this entry »


What party of principles?

by David Hansen
May 9, 2008 at 3:10 pm

In following the debate about payday lending before the Senate Finance Committee this week, particularly the effort of Sen. Jeff Jacobson (R., Dayton) to impugn the motives of our scholar witness through innuendo and insinuation, I am reminded of what our friend Larry Reed of the Mackinac Center wrote in Seven Principles of Sound Public Policy:

Too often today, policymakers give no thought whatsoever to the general state of liberty when they craft new policies. If it feels good or sounds good or gets them elected, they just do it. Anyone along the way who might raise liberty-based objections is ridiculed or ignored.

« Older Blog Entries

New to the Buckeye Institute? Sign up for our newsletter!

Please enter your email address here

SIGN IN:

Password:

Buckeye Voices - Audio and Video Podcast
Spend-o-Meter

How Fast Does State Government Spend Your Money?

Since July 1, 2007...

Shifting the Cost of Government
By Marc Kilmer, posted May 12, 2008

Accountability and School Choice
By Beth Lear and Matthew Carr, posted May 5, 2008

Reduce Government to Improve Health Care
By Marc Kilmer, posted April 28, 2008

Ohio’s Payday Solution a Bigger Problem
By David Hansen and Tom Schatz, posted April 21, 2008

Ohio Needs More, Not Fewer Companies Like Skybus
By Samuel R. Staley, Ph.D., posted April 14, 2008

School Reform Predictions: Easier Said Than Done
By David W. Kirkpatrick, posted April 7, 2008

Eye on the State House

Whack-a-mole

Some campaign adviser committed a major gaffe; an actual idea has entered the presidential race. Good on John McCain for at least nodding at the idea of breaking the health insurance-employer link. There's no good reason to tie insurance to employment, apart from the obvious one that it's the easiest place ...

The Ohio 19

Cheers to 19 state representatives who have proposed to eliminate altogether Ohio's individual income tax, applicable also to trusts and estates. No committee assignment yet and no formal analysis of the bill has been prepared by the Legislative Service Commission -- a dollar says those things won't happen -- but credit ...

Contribute

Your Contributions help keep the Buckeye Institute going strong. Please donate today!

events

No upcoming events

Internships