Links

• Economist Jeffrey Sachs says that Keynesian economics is facing its last hurrah.I'm not quite that optimistic.
  

• Sen. Tom Coburn has turned his sights on runaway defense spending. About time too, as there is no realistic means of balancing the budget without including defense.

• Scott Lincicome provides a quick update on China's race to the bottom. And by race to the bottom, I mean steadily growing ever richer.

• One of President Obama's appointees to the national deficit commission is an admitted foe of the free market.

• John Stossel says we're beginning to see what ObamaCare looks like.

• The Washington Post ponders the role of government-induced uncertainty among investors in the current tepid recovery. It's hard to make plans when the rules keep constantly changing.