“The society that puts equality before freedom will end up with neither. The society that puts freedom before equality will end up with a great measure of both.” — Milton Friedman

Summer of Recovery More Like Summer of Failure

Socialism, crony capitalism, uncertainty about what government might do next, looming tax increases that will be automatic on January 1st, government spending out of control,...

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Will Tax Increases Reduce The Debt — Or Make It Even Larger?

On March 10, 2000, roughly seven months before the Presidential election and even longer before it would be known whether Al Gore or George Bush...

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What Can Brown Do For You Today?

Back in 1776 Adam Smith warned us about this sort of thing:

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Crony Capitalism in Louisiana Casket Industry

A previous post, A Despised Tax Collected By Wretches, described a hideous example crony capitalism in Wyoming. The video below follows the story in Louisiana...

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California Is The Sow That Eats Her Piglets

Most people know that California is in economic decline but may not know how bad it is. With unemployment rising from just over 5% to...

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The Higher Education Bubble

Something that can’t last forever, won’t. . . The Higher Education Bubble is About to Burst As former British Prime Minister Margaret Thatcher famously remarked,...

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Knaves, Saints and Moralists — An Uncomfortable Intimacy

From Chicagoboyz, a most interesting group blog staffed by folks who think big thoughts, Joseph Fouche says: For most of the course of human events,...

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John Kerry Did The Right Thing — For Once

John Kerry is getting heat for parking his wife’s $7 Million yacht in Rhode Island to save half a million dollars in boat taxes that...

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How Minimum Wage Laws Kill Jobs for The Poor Unskilled

The real beneficiaries of minimum wage laws are high-paid union workers who have contracts that are tied to increases in the minimum wage. When the...

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Is Higher Education A Bubble That is About To Burst?

A lawyer called a plumber to fix a broken water pipe. The lawyer asked the plumber what his hourly rate was, and the plumber replied...

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The Left Flunks Econ 101

Dan Klein in today’s Wall Street Journal: Are You smarter Than a Fifth Grader? Self-identified liberals and Democrats do badly on questions of basic economics....

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Looming “Unintended” Consequences of Obamacare

One of the best quotes of all time is that of F.A. Hayek who said, “The task of economics is to teach men how little...

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