Posts by Randall G. Holcombe
Randall G. Holcombe is a Research Fellow at the Independent Institute, the DeVoe Moore Professor of Economics at Florida State University, and author of the Independent Institute book Liberty in Peril: Democracy and Power in American History.
President Trump and the Popularity of Socialism


The Cold War, which effectively ended thirty years ago with the collapse of the Berlin Wall, was a contest between the capitalist democracies of the West against the socialist dictatorships of the East. The result was a decisive victory for capitalism and democracy. Now, with the rise of self-described socialists like Bernie Sanders and...
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Is Elizabeth Warren’s Proposed Wealth Tax Constitutional?


When President Grover Cleveland tried to implement an income tax in 1894, the Supreme Court declared it to be unconstitutional because it violated Article 1, Section 2 of the Constitution, which says taxes must be levied in proportion to a state’s population. In response, the supporters of income taxation passed the Sixteenth Amendment, ratified...
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“Medicare for All” Is Not Free Health Care


Milton Friedman said there’s no such thing as a free lunch. If some people are consuming health care, someone has to pay for it. But that’s not my point here. Many people think that Medicare for All would mean the government would pay for everyone’s health care, so those receiving health care would have...
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Elizabeth Warren’s Proposed Wealth Tax


People tend to view taxes in one of two ways. One view is that taxes are the price people pay for government goods and services. The other is that taxes are a penalty levied on people who earn income or have wealth. Elizabeth Warren’s proposed wealth tax takes the second view.

Prohibition and Gangs Make Marijuana a Deadly Business


My hometown of Tallahassee, Florida, has the highest crime rate of any city in Florida and is plagued with gun violence. Why? The headline of this article says, “Pot dealers blamed for local gun violence.” Larry Keefe, U.S. Attorney for the Northern District in Florida, is quoted in the article as saying “the vast...
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Would Rand Paul Be a Viable Third-Party Candidate for President?


While this whole scenario is a long shot, one person who might be able to gain enough support is Rand Paul.

Incumbent Advantage


The notion that somehow voters have the ability to replace elected officials by voting them out of office is a sham when incumbents win almost all the time.

Attack on Saudi Oil Facilities: This Isn’t Our Fight


This is an issue between Saudi Arabia and Iran, and the U.S. government should stay out of it. This is not our fight.

Our Constitutional Republic


If we want to protect our rights, we would do well to remember why the American Founders designed our constitutionally limited government as they did.

Liberty in Peril


How was the fundamental principle of American government transformed from liberty to democracy?

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