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Congressman Nadler Wins Prize for Historical and Constitutional Illiteracy

It sounds arcane and pedantic, but the United States has a democratic system of government but is not (or at least was not) designed to be a democracy. A democracy implies that 51 percent of the people have the power to elect a government with unlimited powers to exploit 49 percent of the people. The […]

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The Recipe for Job Creation: Less “Help” from Washington

The American economy is in the doldrums. And has been for most this century thanks to bad policy under both Obama and Bush. So what’s needed to boost growth and create jobs? A new video from Learn Liberty, narrated by Professor Don Boudreaux (who also was the narrator for Learn Liberty’s superb video on free […]

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Japan and the IMF: A Match Made in Keynesian Hell

Japan is the poster child for Keynesian economics. Ever since a bubble popped about 25 years ago, Japanese politician have adopted one so-called stimulus scheme after another. Lots of additional government spending. Plenty of gimmicky tax cuts. All of which were designed according to the Keynesian theory that presumes that governments should borrow money and […]

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Perverse: The Obama Administration Gives Money to the OECD from American Taxpayers so the OECD Can Propose More Burdens on American Taxpayers

There are many reasons why I don’t like the Paris-based Organization for Economic Cooperation and Development, an international bureaucracy that ostensibly represents the developed world but in reality is controlled by European welfare states. The main problem is that the OECD is financed by mostly left-leaning governments and supports policies that reflect the ideology of […]

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Failure in Government Means Never Having to Say You’re Sorry

In America’s sprawling intelligence network, costing tens of billions of dollars, who got fired after the 9-11 terror attacks for failing to connect the dots? Who in the military got fired after the Fort Hood terrorist attack for failing to connect the dots? More recently, who in the FBI or Department of Homeland Security got […]

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Demographics, Insufficient Reform, and the Grim Outlook for Eastern Europe

Changing demographics is one of the most powerful arguments for genuine entitlement reform. When programs such as Social Security and Medicare (and equivalent systems in other nations) were first created, there were lots of young people and comparatively few old people. And so long as a “population pyramid” was the norm, reasonably sized welfare states […]

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