Recommended reading

• Observations on welfare from a Wal-Mart employee. And here's an anecdote from a guy who used to work at an oil change joint.

• China watch: three examples of why China hype/fear is overplayed. The allocation of massive amounts by government cannot end well. While China has moved more towards the free market model, it still has a long way to go.

• Perhaps you're familiar with the famous essay I, Pencil. Now meet a version for modern times -- I, Panel.

• John Stossel on regulation and job creation. More dumb regulation here.

• Republicans ought to be ashamed. And read this too.