Review of Economists and the State: What Went Wrong by Timothy P. Roth

The Federal legislative process has completely broken down, from a deliberate rule-guided process to one that seems completely ad hoc and driven by lobbyists. This trend continues no matter what party is in power. Congress bypasses its own rules, ignores its own schedules, and call for votes without providing enough time for representatives and senators to even read the bills.

Legislation such as the Affordable Care Act, the Stimulus bill, the Medicare prescription drug bill, and the Omnibus Appropriations Act of 2009 are all examples of this ad hoc legislative process where the Congress ignores the traditional Congressional processes and timetables. The Troubled Asset Relief Program or TARP, for example, allocated $700 billion for a specific purpose, but once the legislation was passed the money was doled out to a wide variety of programs, in what amounted to a wild fiscal orgy in Washington, DC.

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Un groupe de chercheurs en économie autrichienne
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