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American exceptionalism pronounced at Republican National Convention
Transcript: When the Supreme Court upheld Obamacare, the first words out of my mouth were: I still think it is unconstitutional! The leftwing blogs were merciless. Even my wife said…
- Autarchy
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When the law contradicts what most people regard as moral and proper, they will break the law whether the law is enacted in the name of a noble ideal such as equality or in the naked interest of one group at the expense of another.
Milton Friedman, Free to Choose.
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Downsizing the Federal Government
(Cato) The federal government is running massive budget deficits, spending too much, and heading toward a financial crisis. Without a change of direction in Washington, average working families will be…
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The (il)logic of political rhetoric
President Obama’s speech on Friday has caused a stir. In a way similar to Elizabeth Warren’s provocative speech, Obama announced that no man is an island. And, similar to the…
- Austrian School
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Are we advancing technologically? Economically?
PETER THIEL: But I think that when you look at this question of how much technological progress has been happening, we get into all these complicated measurement issues. The one…
HHS cometh
(AP) The Supreme Court’s decision to uphold most of President Barack Obama’s health care law will come home to roost for most taxpayers in about 2 1/2 years, when they’ll…
The war on health
While some bits look a little sensational, there are some really good points here:
Public schools cost more than you think
(CATO) Although public schools are usually the biggest item in state and local budgets, spending figures provided by public school officials and reported in the media often leave out major…
Sociality and coolness in modern times
One of the great motifs of modern times is coolness. In the early part of the 20th century, it began as a term of insouciance or what might be characterized…
- Bureaucracy
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Juggernaut cometh
Jurist Richard Posner sums things up pretty well: (Becker-Posner) The institutional structure of the United States is under stress. We might be in dangerous economic straits if the dollar were…
Forward to an Orwellian future
‘The Life of Julia’ is a slideshow produced and presented by the Obama administration to show the course of a woman’s life under Obama’s policies and contrasted by those proposed…
- 2007-08 Crisis
- Autarchy
- Capitalism
- Competition
- Complexity
- Consumerism
- Culture Divide
- Division of Labor
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- Motivation
- Perpetuity
- Political Theory
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- Specialism
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- Wealth
- Welfare Statism
What labor statistics say about our economy
Most attuned to the mumbo jumbo disseminated from Washington will recognize the patent unreliability of statistics. And most will not take at face value reports on inflation, employment, or other…
Consumerism and consolidation
Recently, this image has been presented by a Facebook group called Exposing the Truth with the title “The Illusion of Choice”. The assumption is that these companies have conspired to…
Is the modern political economy a zero-sum game?
In Part III of Juggernaut, I show how the use of government as a wealth-transferring system necessarily exasperates competition in the economy and creates what can best be described as…
Government-first health care a risk to well-being
(Reason) For the past several years, the medical profession has been undergoing a disturbing transformation. The process was begun by the Centers for Medicare and Medicaid Services (CMS) in an…
IRS to institute licensing for tax preparation?
For more visit http://www.ij.org/IRS Congress never gave the IRS the authority to license tax preparers, and the IRS can’t give itself that power. But last year the IRS imposed a…
- Budget Deficit
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- Debt Ceiling
- Economic Policy
- Euro Crisis
- Federal Budget
- Foreign Aid
- Free Market
- Inflation
- Interdependency
- Keynesianism
- Marxism
- Motivation
- Perpetuity
- Political Theory
- Poverty
- Public Choice Theory
- Systems Theory
- Welfare Statism
Greece–a portent of things to come?
Moodys Investors Service considers Greece to have defaulted per its default definitions. The announcement comes despite Athens reaching a deal with private creditors for a bond exchange that will shave…
Are food trucks dangerous for kids?
A state assemblyman wants to significantly limit where lunch wagons can operate, keeping them even farther from schools than marijuana dispensaries. His legislation could put many of the mobile kitchens…