Last week I attended a talk on regulatory policy sponsored by a “free-market” DC organization. During the Q&A someone mentioned the mortgage interest deduction as an example of a harmful government subsidy. Of course, to say a tax deduction is a subsidy is to embrace the Marxist idea that all property belongs to the state, and therefore tax deductions, credits, or cuts are gifts from the state. Since beltway libertarians and conservatives(at least implicitly) embrace the notion that all property belongs to the state, it is not surprising that beltway types do such a poor job in countering the left’s … Continue reading Why Beltway libertarians lose