While most political observers are paying lots of attention to the stunning Senate race in Massachusetts, there were two important ballot initiatives in Oregon on Tuesday and in both cases 54 percent of voters decided to impose higher tax rates on some of their neighbors. This is a disturbing development since voters rarely get tricked […]

As reported by the Financial Times, Sebastian Pinera, the brother of Cato’s Jose Pinera, was elected President of Chile this weekend. The press is viewing Pinera’s election through the right-left lens of Latin American politics, but this is a bit misleading since Chile has remained a very pro-market nation during nearly two decades of supposedly […]

While there is always a tendency in Washington to over-analyze the meaning of elections, I think that we can draw the following conclusions from Scott Brown’s victory: 1. Obamacare is an albatross for the Democrats. The White House wants to blame Coakley for being a bad candidate, but Massachusetts is a very left-wing state. Every […]

I must confess that I didn’t think Scott Brown was going to win the election in Massachusetts, even though I predicted a 50-48 GOP victory. This is a monumental development. It doesn’t necessarily mean Obamacare can be stopped. And it may be that Brown turns out to be a big government squish, like Snowe in […]