The Pros and Cons of Federalization

When the federal government was small, it thought big. Indeed, it focused exclusively on big issues. For example, when the Constitution was written, it listed only three federal crimes. Today there are more than 4,000.Where once our national government concerned...

Destroying Effective Policing

Police departments must use race and sex preferences in hiring as a result of federal court consent decrees and political pressures. To meet these demands, many police departments have lowered, and in some cases eliminated, established standards for personal character...

Skyrocketing Home Prices

“Who can afford to buy a house in this place?” my wife asked, when I read her the average prices of homes in various northern California communities. “We certainly can’t,” I said. Our home has more than doubled in value since we bought it...

Trade Deficit Demagoguery

I buy more from my grocer than he buys from me, and I bet it’s the same with you and your grocer. That means we have a trade deficit with our grocers. Does our perpetual grocer trade deficit portend doom? If we heeded some pundits and politicians who are talking...

Housing Bubbles

The blazing-hot topic at suburban cocktail parties this spring is whether there’s a bubble in the residential housing market. No wonder. In 2004, existing home prices rose faster than in any year since the 1970s. Some markets are going bonkers. Alexandria, Va.,...

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