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Wayne Winegarden

Blog

Spending Watch

California’s Expensive but Ineffective Income Support Spending

California’s Expensive but Ineffective Income Support Spending Wayne Winegarden August 2024 Including federal, state, and local funds, California’s per capita spending on income support programs is 81 percent higher than the average expenditures for all other states – per capita spending of $3,869 compared to $2,141. These expenditures include “cash ...
Commentary

Learn about the damage from lawsuit abuse

Tort Abuses Threat To Innovation And Product Availability

Not only is continued invention necessary for expanding our prosperity, but it is also key for mitigating problems such as global climate change or finding new technologies and treatments for troubling health conditions. Take the state and municipal lawsuits being filed against energy companies as an example. When announcing his ...
Blog

CAPITAL IDEAS: Environmental, Social and Governance (ESG) Undermines the Social Responsibility of Businesses and Investment Managers

The concepts behind Environmental, Social, and Governance (ESG) investing and management are the latest theory trying to address a long-standing question: What is the appropriate social function of a business? This question predates Milton Friedman’s 1970 New York Times piece “The Social Responsibility of Business Is to Increase Its Profits,” ...
Blog

Read why latest employer is leaving California

Chevron’s Departure Highlights California’s Risky Economic Future

Companies have been decamping from California for greener pastures so frequently that, in some ways, Chevron’s announcement is barely newsworthy. The particulars of Chevron’s decision are important, however, because they exemplify the large economic risks California’s policymakers are taking. Judged by their actions, California’s political leaders, including Governor Newsom, have ...
Commentary

The Anti-Competitive Middlemen Harming Pharmacies And Patients

Astonishing drug innovations are improving the lives of patients including those living with cancer and autoimmune disorders. These innovations also expose the payment system’s fundamental flaws. The Federal Trade Commission’s (FTC) recently released interim report on pharmacy middlemen demonstrates that these flaws impose a high cost on patients and neighborhood pharmacies. These ...
Commentary

FERC Is Considering Policies That Would Threaten Energy Reliability

Reliable and affordable energy is essential. Without it, many dire consequences will arise. Unreliable and unaffordable energy poses serious health risks – particularly for the elderly, increases the costs of food, disrupts business activity harming economic growth, and makes it more difficult for children to study. Maintaining an efficient energy ...
Health Care

NEW BRIEF: Washington Must End Physician Price Controls, Reform Medicare Payment System to Prevent Doctor Shortages

SACRAMENTO – A new brief released today by the Center for Medical Economics and Innovation at the nonpartisan Pacific Research Institute finds that artificially low reimbursement rates used by Medicare to contain costs are threatening patient care, and reform is needed to prevent future doctor shortages. Click to download the ...
Blog

Spending Watch

Californians Have Little to Show for All That Government Spending

Californians Have Little to Show for All That Government Spending Wayne Winegarden July 2024 It should not shock anyone that the FY2024-25 budget was short on fiscal discipline and long on budget gimmicks and fund shifts. Now that this year’s budget process is coming to an end, it is imperative ...
Blog

Flawed Project Homekey now immersed in scandal

My Pacific Research Institute colleague Kerry Jackson and I have written extensively about the inherent flaws of Project Homekey. As a refresher, Project Homekey is Gov. Gavin Newsom’s main program for addressing the state’s homelessness problem. It attempts to leverage the current hotel and motel infrastructure to move people from ...
Blog

Is government homeless spending really making a difference?

Inconsistencies Plague Sacramento’s Latest Homeless Count

Sometimes, when something sounds too good to be true, it probably is.  This can be especially true when it comes to data being touted in government reports. Take China’s government economic data, for example.  The Chinese Communist machine routinely manipulates economic data to please their political superiors. The reported statistics ...
Blog

Spending Watch

California’s Expensive but Ineffective Income Support Spending

California’s Expensive but Ineffective Income Support Spending Wayne Winegarden August 2024 Including federal, state, and local funds, California’s per capita spending on income support programs is 81 percent higher than the average expenditures for all other states – per capita spending of $3,869 compared to $2,141. These expenditures include “cash ...
Commentary

Learn about the damage from lawsuit abuse

Tort Abuses Threat To Innovation And Product Availability

Not only is continued invention necessary for expanding our prosperity, but it is also key for mitigating problems such as global climate change or finding new technologies and treatments for troubling health conditions. Take the state and municipal lawsuits being filed against energy companies as an example. When announcing his ...
Blog

CAPITAL IDEAS: Environmental, Social and Governance (ESG) Undermines the Social Responsibility of Businesses and Investment Managers

The concepts behind Environmental, Social, and Governance (ESG) investing and management are the latest theory trying to address a long-standing question: What is the appropriate social function of a business? This question predates Milton Friedman’s 1970 New York Times piece “The Social Responsibility of Business Is to Increase Its Profits,” ...
Blog

Read why latest employer is leaving California

Chevron’s Departure Highlights California’s Risky Economic Future

Companies have been decamping from California for greener pastures so frequently that, in some ways, Chevron’s announcement is barely newsworthy. The particulars of Chevron’s decision are important, however, because they exemplify the large economic risks California’s policymakers are taking. Judged by their actions, California’s political leaders, including Governor Newsom, have ...
Commentary

The Anti-Competitive Middlemen Harming Pharmacies And Patients

Astonishing drug innovations are improving the lives of patients including those living with cancer and autoimmune disorders. These innovations also expose the payment system’s fundamental flaws. The Federal Trade Commission’s (FTC) recently released interim report on pharmacy middlemen demonstrates that these flaws impose a high cost on patients and neighborhood pharmacies. These ...
Commentary

FERC Is Considering Policies That Would Threaten Energy Reliability

Reliable and affordable energy is essential. Without it, many dire consequences will arise. Unreliable and unaffordable energy poses serious health risks – particularly for the elderly, increases the costs of food, disrupts business activity harming economic growth, and makes it more difficult for children to study. Maintaining an efficient energy ...
Health Care

NEW BRIEF: Washington Must End Physician Price Controls, Reform Medicare Payment System to Prevent Doctor Shortages

SACRAMENTO – A new brief released today by the Center for Medical Economics and Innovation at the nonpartisan Pacific Research Institute finds that artificially low reimbursement rates used by Medicare to contain costs are threatening patient care, and reform is needed to prevent future doctor shortages. Click to download the ...
Blog

Spending Watch

Californians Have Little to Show for All That Government Spending

Californians Have Little to Show for All That Government Spending Wayne Winegarden July 2024 It should not shock anyone that the FY2024-25 budget was short on fiscal discipline and long on budget gimmicks and fund shifts. Now that this year’s budget process is coming to an end, it is imperative ...
Blog

Flawed Project Homekey now immersed in scandal

My Pacific Research Institute colleague Kerry Jackson and I have written extensively about the inherent flaws of Project Homekey. As a refresher, Project Homekey is Gov. Gavin Newsom’s main program for addressing the state’s homelessness problem. It attempts to leverage the current hotel and motel infrastructure to move people from ...
Blog

Is government homeless spending really making a difference?

Inconsistencies Plague Sacramento’s Latest Homeless Count

Sometimes, when something sounds too good to be true, it probably is.  This can be especially true when it comes to data being touted in government reports. Take China’s government economic data, for example.  The Chinese Communist machine routinely manipulates economic data to please their political superiors. The reported statistics ...
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