More Cato

Cato is disappointed that the Doha round of WTO talks collapsed, but notes that international trade continues to grow faster than the world economy.

Cato explains that because of the tight supply for oil, small changes in supply or demand can change prices significantly up or down, making projecting future prices a fool's errand.

Cato calls the 1000+ page Higher Education Act a terrible bill and an example of Washington at its worst. That's really bad. It will drive up both taxes and the cost of college. Lovely.

Obama's promises on health care have no specifics so the cost can't be identified, but Cato expects it will be much higher than promised. I expect it will make our health care system much worse as well. Cato reports that Obama's health care plan is similar to HillaryCare from 1993.

State government income is growing at about 2% but state government spending is growing at 7%. Smart.

Cato recognizes that the Taliban's safe haven in Pakistan threatens Afghanistan.

Cato points out that Keynesian stimulous packages don't work because they merely redistribute wealth.

Cato explains that oil speculation, buying and selling oil future contracts, has no bearing on the supply of oil.