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Elizabeth Warren’s Faux Populism vs. Jeb Hensarling’s Genuine Fight against K Street Cronyism

Let’s compare two politicians, Senator Elizabeth Warren of Massachusetts and Congressman Jeb Hensarling of Texas, to see which one actually has the courage to fight against powerful interest groups. We’ll start with Senator Warren. She portrays herself as the scourge of Wall Street, but it appears that the Massachusetts lawmaker isn’t merely a fake Indian, […]

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A Lesson in the Common Law

[I am pleased to tell you that All Along the Watchtower is again a public blog, and if you have not been reading there please do come on our journey with us. I have a post up there (either now or soon, depending on the schedule) today which touches on some of the same themes […]

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“Cromnibus” Spending Bill Is a Victory and a Defeat

So what should libertarians, Reagan conservatives, and other advocates of smaller government think of the “cromnibus” spending bill? The answer depends on your benchmark. If you dislike insider deals, pork-barrel spending, and you think the federal government should be limited to the enumerated powers put in the Constitution by our Founding Fathers, then the cromnibus […]

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SPJ: Agenda media at its worst

Stan Hubbard’s response to the Minnesota Society of Professional Journalists’ denunciation of KSTP highlights Mr. Hubbard’s substantive criticism of MNSPJ. First, here’s the reason behind Mr. Hubbard’s response: On November 19, 2014, the Minnesota SPJ asked KSTP-TV to “disavow” its reporting, saying that our story was “fundamentally flawed and based on a faulty premise.” This, […]

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Subsidized Terrorism Insurance: Another Example of Unjust Corporate Welfare

When I discuss corporate welfare, my first example is usually the Export-Import Bank. It galls me that taxpayers are coerced into subsidizing some of the world’s biggest corporations. And since I’m an economist, I also don’t like how these subsidies undermine the overall economy. But the Export-Import Bank is just the tip of the iceberg. […]

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Another Victory for Fiscal Responsibility: The Death of Earmarks

I wrote a few days ago that advocates of smaller government have won a very significant victory over the past five years, as measured by the fact that there’s been zero growth in overall federal spending. And because the private economy has grown while the federal budget has been flat, this means that the burden […]

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