By Randall Holcombe | Friday July 22, 2011 at 2:57 PM PDT | 16 Comments
Warren Buffet says, “I could end the deficit in five minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of Congress are ineligible for reelection.” On the one hand, I’m fairly confident Buffett is correct that if such a law...
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Tags: Budget and Tax Policy, Economics
By Anthony Gregory | at 12:07 PM PDT | 7 Comments
We’re often told that the budget can’t be cut without all of us sacrificing. This is used as a rationale to raise taxes. But it need not be that way. After all, aren’t we also told that everyone benefits from the government? Surely the poor do, or so we hear. And the middle class?...
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Tags: Budget and Tax Policy, The State
By Robert Higgs | at 7:29 AM PDT | 3 Comments
In a shockingly unusual turn of events, a federal court in Louisiana has reached a just decision. This man-bites-dog decision involves my neighbors, the Benedictine brothers of St. Joseph Abbey and Seminary, about whose difficulties I wrote recently. The Louisiana funeral directors’ cartel was attempting to shut down the monks’ sale of the simple...
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Tags: Economics, Free Market, Law, Liberty, Monopoly and Antitrust, Personal Liberty, The State, Uncategorized