There are moments when our political system, whose essential job is to mediate conflicts in broadly acceptable and desirable ways, is simply not up to the task. It fails. This may be one of those moments. What we learned in 2011 is that the frustrating and confusing budget debate may never reach a workable conclusion. […]
Read MoreWhy Ed Crane Matters This FREE Insight “Why Ron Paul Matters” from the December 31st issue of the Wall Street Journal is by Ed Crane, Founding President of the Cato Institute. Cato is a highly principled libertarian think tank that moved to DC nearly thirty years ago and proved Milton Friedman wrong, a most rare […]
Read MoreHere’s a sketch of America’s economic prospects. Essentially, we’re seeing the consequences of 50 plus years of near libertarian tax rates and socialist benefits. Federal taxes were 17.8 percent of GNP in 1960. By 2007 they had risen less than one percent to 18.5 percent. However, there was a great deal of fraud and abuse […]
Read MoreWhen is the last time you heard a liberal describe himself as a “liberal”? It’s probably been a long time. These days, those on the left are more likely to call themselves “progressives.” Writing in The New York Times, Columbia University economist Jeffrey Sachs said there have been two progressive eras — one in the […]
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