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The War on Poverty Has Made a Difference…but the Wrong Kind

The War on Poverty Has Made a Difference…but the Wrong Kind

On several occasions, I’ve observed that the poverty rate in America was steadily falling, but that progress came to a halt in the mid-1960s when the government declared a War on Poverty. And… Read more »

Ukraine, Ethnic Division, Decentralization, and Secession

Ukraine, Ethnic Division, Decentralization, and Secession

Ukraine is in the news and that’s not a good thing. I’m not a foreign policy expert, to be sure, but it can’t be a positive sign when nations with… Read more »

Three Positive Signs from the New Chair of the Federal Reserve

Three Positive Signs from the New Chair of the Federal Reserve

Like John Stossel and Thomas Sowell, I’m not a big fan of the Federal Reserve. It’s not just that I’m a libertarian who fantasizes about the denationalization of money. I also think the Fed hasn’t done… Read more »

Underwhelmed: Grading the New Tax Reform Plan from the Chairman of the Ways & Means Committee

Underwhelmed: Grading the New Tax Reform Plan from the Chairman of the Ways & Means Committee

To make fun of big efforts that produce small results, the famous Roman poet,Horace, wrote “The mountains will be in labor, and a ridiculous mouse will be brought forth.” That… Read more »

Great Moments in the Failed and Costly War against Money Laundering

Great Moments in the Failed and Costly War against Money Laundering

Time for another great moment in red tape. I wrote a couple of weeks ago that banks treat customers poorly in part because of bad laws and regulations from Washington. Money laundering… Read more »

Long-Term Growth and the Corrosive Impact of Obamanomics

Long-Term Growth and the Corrosive Impact of Obamanomics

One of my goals is to convince people that even small differences in long-run growth can have a powerful impact on living standards and societal prosperity. In other words, the… Read more »

The Missing Data in Krugman’s German Austerity Narrative

The Missing Data in Krugman’s German Austerity Narrative

There’s an ongoing debate about Keynesian economics, stimulus spending, and various versions of fiscal austerity, and regular readers know I do everything possible to explain that you can promote added prosperity by… Read more »

Minimum Wage Laws: Sabotaging the Ladder of Economic Opportunity

Minimum Wage Laws: Sabotaging the Ladder of Economic Opportunity

If I banged my head against the wall every time politicians advocated bad policy in Washington – which is a tempting impulse, I would have been institutionalized because of brain… Read more »

Obamacare vs Bureaucrats: A Battle that Hopefully Will Have Lots of Casualties

Obamacare vs Bureaucrats: A Battle that Hopefully Will Have Lots of Casualties

There’s an old joke that a quandary exists when your mother-in-law drives off a cliff in your new Porsche. Are you more happy about losing her or more unhappy about… Read more »

White House Stimulus Report Based on “Keynesian Fairy Dust”

White House Stimulus Report Based on “Keynesian Fairy Dust”

Did you sing Happy Birthday? The nation just “celebrated” the fifth anniversary of the signing of the so-called American Recovery and Reinvestment Act, more commonly referred to as the “stimulus.” This… Read more »