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Learning Valuable Lessons from History on How to Reduce Poverty

I’ve written over and over again that the federal government’s so-called War on Poverty has been a disaster. It’s been bad news for taxpayers, of course, but it’s also been bad news for poor people since they get trapped in dependency. So what’s the alternative? Well, we actually can learn a lot from history. Let’s […]

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Alternative Currencies Such as Bitcoin Are a Valuable Insurance Policy against Feckless Government

Before getting to the main topic today, here are some excerpts from a New York Post story that patriotic American readers will appreciate. It deals with a protest. …the group Disarm the Police…had announced on social media that they had planned to burn the flag in protest of NYPD policies. But the event didn’t go […]

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A Very Depressing Look at America’s Growing Dependency Crisis

Based on a new report from the Congressional Budget Office, I wrote two weeks ago about America’s dismal long-run fiscal outlook. Simply stated, we face a Greek-style fiscal future because of changing demographics and poorly designed entitlement programs. But I was just looking at big-picture fiscal aggregates. And while that was discouraging, it gets downright […]

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The Economist and New York Times Channel Fox Butterfield on Keynesian Policy

Back in 2010, I described the “Butterfield Effect,” which is a term used to mock clueless journalists for being blind to the real story. A former reporter for the New York Times, Fox Butterfield, became a bit of a laughingstock in the 1990s for publishing a series of articles addressing the supposed quandary of how crime […]

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The Corrupt, Cronyist Export-Import Bank Was Not Re-Authorized, so Let’s Celebrate a (Hopefully Permanent) Victory over Corporate Welfare

Advocates of economic liberty, free market, and small government haven’t enjoyed many victories in the 21st Century. Government got bigger and more expensive during Bush’s reign, starting in his first year with the No Bureaucrat Left Behind legislation and then ending in his final year with the odious TARP bailout. Then Obama came to office, […]

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An Example of Government Theft and Thuggery, or an Example of Drug War Lunacy?

Politicians and bureaucrats are very creative in their pursuit of bad policy. In some case, I’m not even sure how to classify their actions. When the government squandered $224,000-plus for research on condom sizes, for instance, I thought that story easily could be classified as wasteful spending. But then I discovered the research was related […]

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