POLITICS

Tariffs Are Awful, but the Income Tax May Be Worse

If Mr. Trump completely eliminates the IRS and the hated income tax along with it, there may be a reasonable case for increasing tariff rates.

Government Failure

Government Failure

Scour the newspaper any day of the week and you will read stories detailing the many failures of the federal, state, and local governments or agencies, and of their stupendous ability to commit the same mistakes over and over again. Yet these agencies are the one that people turn to in times of troubles or needs.

Supposed “Varieties” of Capitalism

Supposed “Varieties” of Capitalism

Does capitalism exist in “varieties,” as scholars began to insist two decades ago, or is it a unique social system fundamentally unlike all others? If there is a “pure” form of capitalism, what alterations or transformations render it impure? How impure must it become before we should cease calling it capitalism and call it something else instead?

America: A Racist Nation?

America: A Racist Nation?

The recent murder of George Floyd by police in Minneapolis was ghastly and reminds us of the hideous racial injustice directed against black Americans in the nation’s past.

Freedom Requires Resisting Coronavirus Pessimism

Freedom Requires Resisting Coronavirus Pessimism

If there is a chance to not only pull society away from the social and economic abyss towards which it is moving, but return it to a path more in the direction of personal liberty, economic freedom, and equal individual rights under partial rule of law and constitutionally limited government, it requires resisting the pessimism that all is lost and irreversible, and having the courage and willingness to try to restore the free society. 

Governments Don’t Have Magic Wands To Ward off Asymmetric Information

Governments Don’t Have Magic Wands To Ward off Asymmetric Information

The kind of reasoning that underpins the tired old asymmetric information bogeyman in health care falls straight into the behavioral symmetry between market participants and policy makers that is a core contribution of modern public choice economics: it is not believable to submit that governments have magic wands.

The Conquest of America by Communist China

The Conquest of America by Communist China

In implementing these types of dictates and commands, with the implied attitude that government officials have no restraints on their controls and decrees other than the ones they decide to impose on themselves, American politicians are no different than their implicit mentors in Beijing, China.

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