Showing posts with label Federal Spending. Show all posts
Showing posts with label Federal Spending. Show all posts

Tuesday, February 07, 2023

Federal Spending and Power

Within four years, during peacetime, the Navy Department's budget [under Teddy Roosevelt] would escalate to over $117 million - more than 20 percent of total federal expenditures. In 1896, when McKinley first took office, the navy required $27 million...

...As it happened, federal contractors were soon prohibited from night work for women and child laborers. Other than mere legislation and enforcement, larger government expenditures gave policy makers the lever of the purse to influence industrial behavior. Thanks to the navy, the government became one large, demanding customer.

Can be argued that this is when it all changed. Federal regulations and the birth of the military industrial complex.

Wednesday, September 01, 2021

More Linky Links

More stuff I found interesting or amusing and thought I'd share.

- Broadcasters victorious as judge rules against Locast. Service still streaming but I wonder for how much longer (I use Locast for some live sports - particularly football). 

- Steven Pressfield: Elevating the Threshold of Panic (more Fighter Pilot Wisdom)  

- Noah Smith: Why is the Squad attacking Jerome Powell? Their number one stated reason is because they want the Fed more active in climate change. It's like the Squad wants to be cartoon Ayn Rand villains. 

- Highways and Bridges are Not Crumbling. "Congress should ditch the highway portion of the plan and instead shift all regional and local highway and bridge maintenance (and construction) responsibilities back to the states and cities." Agree 100%. (HT Newmark's Door)