Chris Edwards

3 weeks ago | econlib.org | David Henderson |Chris Edwards |David Friedman |David Friedman’s Substack

by Chris Edwards, Cato at Liberty, March 24, 2025. Excerpt:There are two sides to the inefficiency of federal spending. Spending is funded by taxes, which distort the working, investing, and entrepreneurial choices of individuals and businesses. Each additional dollar in income taxes causes about 40 to 50 cents of damage to the private sector beyond the tax amount itself. That damage is called deadweight loss.

Dec 20, 2024 | cato.org | Chris Edwards

Generated with ElevenLabs AI technology. America’s air traffic control (ATC) needs restructuring. ATC has become a high-tech business, but we run our system as an old-fashioned bureaucracy inside of the Federal Aviation Administration (FAA). The system is antiquated, mismanaged, and is headed for a crisis as aviation demands continue to rise. The solution is privatization, which President Trump supported during his first term.

Nov 21, 2024 | cato.org | Chris Edwards

Generated with ElevenLabs AI technology. President-elect Trump should add “and Elimination” to his Department of Government Efficiency (DOGE). The federal government has grown far too large to be managed efficiently. Even if federal workers were highly industrious, and even if politicians were laser-focused on the public interest, the government’s vast size would still create failure after failure. To achieve efficiency, we need major program eliminations. We need a DOGEE.

Nov 8, 2024 | cato.org | Chris Edwards

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Oct 25, 2024 | cato.org | Chris Edwards

Generated with ElevenLabs AI technology. Next year, the new president will face budget deficits and interest costs spiraling upwards. He or she will need to find spending to cut. How about all the waste and overcharging in federal contracting? The federal government procures more than $750 billion of goods and services a year, with the Pentagon accounting for 60 percent of the total. Federal contractors are known for cost overruns, inflated profits, and sometimes corruption.