Understanding the economics of bureaucracy: The implications of William Niskanen’s theory on public policy

William Niskanen, an economist and public policy expert, is known for his theory on the economics of bureaucracy. He argues that bureaucracy is not a neutral and efficient agent, but rather a rational, self-interested agent that maximizes its own budget and power, rather than serving the public interest.

A Sorry Excuse for a Stimulus Package

Congress will soon be passing a new Covid-19 stimulus package worth nearly $900 billion. This new package provides relief for individuals that are unemployed by extending federal unemployment insurance programs as well as providing an additional $300 per week benefit. It also includes loans for businesses, testing and vaccine funds, as well as funding for schools.

By Valugi - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=19523830

The Government Spending Crisis: Part I

Over the course of many years, U.S. citizens have sat idly by and watched as the US government tries to spend its way out of an increasing portion of our nation’s problems. As our spending increases along with our national debt, we will eventually have to bring ourselves to ask the same two questions that we all ask ourselves when we find we’ve made a mistake: What went wrong and how do we fix it?