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Ronald Reagan’s Most Under-Appreciated Triumph

It’s no secret that I’m a huge fan of Ronald Reagan. He’s definitely the greatest president of my lifetime and, with one possible rival, he was the greatest President of the 20th century. If his only accomplishment was ending malaise and restoring American prosperity thanks to lower tax rates and other pro-market reforms, he would […]

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The Need for Social Security Reform, as Illustrated by Cartoons

Political cartoons, if done correctly, are remarkably effective tools for teaching about economics and public policy. In this post from last year, for instance, I put together some of my favorite examples on topics such as Keynesian economics, labor supply incentives, minimum wage, and the welfare state. Today, we’re going to try something different. Using […]

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Are Easy-Money Policies an Obstacle to Genuinely Needed Pro-Growth Reforms?

Everyone, it seems, is worried about global economic stagnation. And there is good reason to be concerned. Europe is in the doldrums. Japan is stagnant. The developing world is hampered by intervention, corruption, and absence of property rights. And the United States is stumbling through an abnormally weak recovery. But what’s the solution to this […]

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Social Capital, the Welfare State, and the Threat to American Exceptionalism

There’s a famous quote, commonly  attributed to Alexis de Tocqueville, about the American character. America is great because America is good. If America ever stops being good, it will stop being great. What makes this quote so popular (even though Wikipedia says it’s not actually from de Tocqueville) is the instinctive understanding that a society’s […]

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The State of the Union is Not Strong

Watching politicians give speeches, such as Obama’s State of the Union address, is an occupational hazard when you work at a think tank. Which is why, in the past, I’ve heartily recommended the State-of-the-Union Bingo game developed by Americans for Tax Reform. But I was in New York City for a television program about the […]

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First Time in [recorded] History: More Businesses Close Than Startup

As the world was rightly focused on Paris and Europe last week because of the Islamic terrorist attack in Paris and credible threats by Al Qaeda in Yemen and by ISIS around Europe, this alarming report from Gallup regarding the United States economy wa…

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