Negative consequences of this unchecked spending

(Don Boudreaux) Tweet George Will rightly condemns Josh Hawley and Ted Cruz for playing leading roles in unleashing Wednesday’s mob on Capitol Hill . A slice: The Trump-Hawley-Cruz insurrection against constitutional government will be an indelible stain on the nation.

Source: Some Non-Covid Links

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My intrepid Mercatus Center colleague Veronique de Rugy has some wishes for the New Year. A slice:

The negative consequences of this unchecked spending will be huge. The Congressional Budget Office, for instance, warned that an extension of unemployment bonuses and benefits creates disincentives to work and a slowdown of the economy. This extra spending also produces an ungodly level of debt, which academic research shows will ultimately slow economic growth. This means that future generations will both live in a slower-growth environment and face higher taxes to pay for today’s obscene spending. And this doesn’t even address the cultural distortions created by programs designed to pay people not to work.

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So get ready for more disincentives, higher taxes, and higher inflation.

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INSPIRATIONAL: One man competes with sex traffickers

https://whowhatwhy.org/2021/01/09/ex-monk-takes-on-the-thai-sex-mafia/

JANUARY 9, 2021 | EDWARD GIRARDET
EX-MONK TAKES ON THE THAI SEX MAFIA

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We have selected Hartanto Gunawan as one of our Global Genevans. These are inspired individuals whose work or legacies represent key issues ranging from human rights and humanitarian concern to health and climate change as embodied by the worldwide “international Geneva” community. Photo credit: Global Geneva

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Hartanto now lives and works out of Wat Arun, or Temple of Dawn, an early 19th century Buddhist enclave from the reign of Rama II, which is located in the Thong Buri district of Bangkok. Overlooking the Chao Phraya River, this is where in 2007 Hartanto established the Wat Arun Rajvararam Community Learning Centre (CLC) to train teenage high school graduates as nurse assistants. The one-year course is aimed at susceptible girls from poor families, but also orphans, who are the ones most likely to be taken by the traffickers.

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Hope he becomes even more successful in his mission.

Wish there was a way to contribute to his efforts.

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