Archive for January, 2013

Did Lefty Need to Apologize for Tax Comments? »

Phil Mickelson is being targeted for his comments on California’s and the Feds’ tax hikes. The offending statements, as reported by the Chicago Tribune, are as follows: “Well, it’s been an interesting offseason, and I’m going to have to make some drastic changes,” Mickelson told reporters Sunday after tying for 37th place at 17 under...
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Federal Government Debt Undermines the Programs It Finances »

Just looking at the rate at which the federal government’s debt is growing is unnerving. If you’re brave, you can look here. The table shows federal debt on September 30 of each year, the end of the federal government’s fiscal year. The numbers almost speak for themselves. About 37.6% of that debt was accumulated...
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The Greatest Purveyor of Violence in the World »

Today Obama enjoys his inauguration bash. It is also Martin Luther King Day, and the president was sworn in on the Civil Rights leader’s own Bible. Across the spectrum, Americans celebrate King’s Civil Rights leadership. Yet he was just as prophetic and bold in opposing the U.S. war in Vietnam. He is less remembered...
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ACOs and the Nationalization of Healthcare »

Accountable Care Organizations are the portal through which we will all march toward a truly nationalized healthcare system. I don’t know any advocates of ACOs who are not also advocates of global budgets, under which providers are given a fixed amount of money to spend and forced to ration care if the funds prove...
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The Best Tax Code Money Can Buy »

Among the celebrants at the inaugural balls will be top contributors to the President’s reelection campaign, but their real celebration will be April 15, when they continue to be the beneficiaries of a “tax loophole” Obama pledged to close in 2008—but that remains gaping wide open despite his rhetoric about now making “the rich”...
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Monetary Policy and Heightened Price Volatility in Raw Materials Markets »

Despite the Fed’s breathtaking increase of base money since the autumn of 2008, the money stock as measured by conventional concepts such as M2 has not increased greatly, and hence, as ordinary quantity-theory-of-money thinking would lead us to expect, inflation as measured by conventional concepts such as the consumer price index (CPI) has been...
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An Open Letter to Washington on the Debt Ceiling »

Over at Forbes, there is a pithy letter to our D.C. politicos on the debt ceiling. Here is a snippet: The upcoming debt ceiling fight isn’t just about “paying our already committed bills,” as the President suggested in his most recent press conference. It’s about addressing the underlying causes of our debt and quitting our...
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Don’t Know Much About History: Colleges Teach U.S. History with Politics Left Out (Is that Good or Bad?) »

The good news from the NAS study of American history survey courses: if Hayek was right, then American college graduates–the next generation–will learn a lot about racial oppression, class, and gender (all from a left-wing perspective) but precious little about State Power. Forget what you think of State Power (force for good or source of evil). Americans will know NOTHING. I’ll venture they know nothing already. . .

What do readers think? Is it better that Americans know little about history? Is it better than having them learn Zinn-style history on issues unrelated to race, class, gender?

Legitimacy »

What is the difference between a government and a criminal gang or protection racket such as the mafia? In a word, it is legitimacy. In practice, this vague notion suggests that people view the government—its institutional composition, its personnel, and its conduct—as morally acceptable or proper, whereas they view the mafia—at least in its...
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How Will Obamacare Affect Your Tax Bill? »

In these blog posts and in my book Priceless: Curing the Healthcare Crisis, I have focused on the effects of the new healthcare law on quality and access to care. But what about the hidden economic cost to you? Let’s look at some of the taxes that have received too little public attention. You...
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