We're engaged in a neverending battle between those who are happy telling others what to do and those who would rather take a chance on human potential. Margaret Thatcher's death this week is a reminder that it takes intellectual and political warriors to keep rolling back the never-ending drift toward more encroachment by the state.
The President released a budget this week that assumes economic growth rates we haven't seen in decades -- after-inflation rates of 2.5% to 4% for the next five or six years. That's happening at the same time as the personal savings rate is back down to near-zero. Discouraging savings and investment is no way to get an economy to grow twice as fast as it did in the last decade.
The government is using negative interest rates to get free money. In the short run, I guess it's keeping down the cost of the huge Federal debt we've built up. But in the long run, it's just enabling government to keep overspending.
State Auditor David Vaudt is leaving office to oversee a national government-accounting board. It's a real loss for Iowa. I think of Vaudt as a "good government" Republican, which is exactly the model I think the party should be following more often.