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Randall Holcombe Archive

Randall G. Holcombe is Research Fellow at the Independent Institute and DeVoe Moore Professor of Economics at Florida State University. His Independent books include Housing America: Building Out of a Crisis (edited with Benjamin Powell); and Writing Off Ideas: Taxation, Foundations, and Philanthropy in America .
Full Biography and Recent Publications

Trump Looks Forward to 4% GDP Growth



I take everything Donald Trump says with a grain of salt, including his claim that he believes the US can boost its GDP growth to 4% or even 5% a year. He’s quoted here saying he really believes it, but I hope it’s just more of his bluster. Why would he think GDP could...
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Interest Groups and Tax Reform



In a recent post in The Beacon, I said that President Trump’s tax reform proposal is a move in the right direction. But I find part of it very troubling: He wants to keep the mortgage interest deduction and the deduction for charitable contributions for individual taxpayers. Both of these deductions have reasonable justifications,...
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Trump’s Tax Plan: A Move in the Right Direction



President Trump released an outline of changes he hopes to see in the federal income tax. If his proposal became law, we would have a better tax system than we do now. One major change would be reducing the corporate income tax rate from 35% to 15%. The US has one of the highest...
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The Fed’s Inflation Fixation



The Federal Reserve has an inflation target of 2% per year. That target appears to be a minimum: They are concerned when inflation falls below their target but appear to be content with inflation above 2%. The current inflation rate from March 2016 to March 2017, measured by the Consumer Price Index, is 2.4%....
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Oppose Your Enemies, or Look for Common Ground?



On a few occasions I’ve used my privilege as a blogger on The Beacon to write in support of viewpoints held by people that some readers of The Beacon view as the opposition. For examples, I supported the Black Lives Matter movement for protesting police brutality, and more recently, the Resist! movement for opposing...
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Who Are the Demanders of Local Government Services?



Local governments produce lots of services that people value: schools, police protection, water and sewer services, and more. Who are the producers of these services accountable to, and who determines the characteristics of the services local governments provide? Ideally, the people who live in the jurisdictions of those local governments would be the people...
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Resist!



I’m somewhat amused by the anti-Trump protests the nation has seen since Trump’s election. He’s been a big talker, but as far as actually doing things, so far the only substantial thing he’s done was to try to implement his immigration ban. While I understand why people oppose his immigration policies, for the most...
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Introduction to the Austrian School of Economics



My book, Advanced Introduction to the Austrian School of Economics, is being translated into Korean, and the translator asked me to provide a short preface for the Korean edition. I’m reproducing it below, partly just to give my book a bit more publicity (it’s affordably priced, if you go with the paperback), partly to...
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Members of Congress Boycotting the Inauguration: What Are They Protesting?



As the inauguration of Donald Trump approaches, this article says “A growing number of Democratic lawmakers are boycotting President-elect Donald Trump’s inauguration,” and “Some members of Congress have said they will be protesting in Washington, D.C., and in their districts instead.” What are they protesting? The article gives brief statements from 25 Democrats who...
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Another Shooting in a “Gun Free” Zone



The tragic shooting at the Fort Lauderdale airport on January 6 occurred in a “gun-free” zone. Florida is one of six states that make it illegal for individuals—even those who have concealed carry permits—to carry guns in any part of an airport terminal. The killer’s motive is at this point undetermined, but he did...
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