Archive for December, 2017
Rule of Law: Order Versus Justice

One of the most important factors that generate prosperity is rule of law.

Brexit—Everything Changes so It Can Stay the Same?

If we want everything to remain the same, everything must change. These famous words from The Leopard, Lampedusa’s masterpiece of social upheaval in Sicily during the Italian unification, might as well have been inspired by Brexit, to judge by the first phase of the negotiations between London and the European Union, which have finally...
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Governmentium

From the satirical vaults of 2005 by an unknown author who we wish we could credit, but most likely someone who was working for the government: Scientists have discovered the heaviest element yet known to science. The new element, Governmentium (symbol=Gv), has one neutron, 25 assistant neutrons, 88 deputy neutrons, and 198 assistant deputy...
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Optimality—The Mainstream Economist’s Holy Grail

In discussing the economy and especially economic policy, mainstream economists have been in love with optimality for a century or so.

California Should Retire the Secure Choice Program Before It Begins

Properly planning, and saving for, one’s retirement is certainly a worthy goal, but, like many other things, it can become corrupted by heavy-handed government meddling. Last year, the Legislature, and Gov. Jerry Brown, enacted Senate Bill 1234, which establishes the California Secure Choice Retirement Savings Program, a mandatory automatic retirement savings program administered by...
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FDA Greenlights Testing ‘Ecstasy’ for PTSD Therapy

MDMA, more commonly called “ecstasy” or “Molly,” is an illicit substance often taken to induce euphoria. The Controlled Substance Act considers MDMA a Schedule 1 controlled substance, which has no known medicinal benefits and a high likelihood of abuse. Penalties for using or distributing MDMA are considerably high even for a Schedule 1 substance....
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New Blood-Pressure Guidelines Raise Concerns about Interest-Group Lobbying

On November 13, 2017, millions of Americans had high blood pressure for the first time. It wasn’t even Thanksgiving.

A Reconsideration of “The Personal Is Political”

“The personal is political” is a slogan that has been around for a long time, used especially though not exclusively by radical feminists. In practice it has served as an exhortation that people make ideology the sole dimension of their personal identity, that they set aside all other bases on which to evaluate their...
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Against the Maternal State

In the late nineteenth century, many Americans took pride in living in a country that boasted so much freedom. In describing their society and polity, they often contrasted them with what they called paternalism, which they believed was the rule in certain European countries, such as Germany, where a proto-welfare state began to be...
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Fundamental Principles of Income Tax Reform

As 2017 was rushing to its end, the U.S. House and Senate passed different versions of income tax reform legislation, one of the Trump Administration’s top policy priorities. If a reconciled bill emerges from conference committee and is approved by majorities in both chambers of Congress before year’s end, the legislative effort would fulfill...
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