Posts by Randall G. Holcombe
Randall G. Holcombe is a Senior 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.
Political Preferences and Public Policy


Social scientists who study elections tend to assume that voters have public policy preferences and that parties and candidates design their platforms to conform with those preferences. In fact, the direction of causation (mostly) goes the other way. Members of the political elite draw up their platforms, and voters adopt the policy preferences of...
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Evaluating Our Inflation Gurus


Back in June, Federal Reserve Chair Jerome Powell said the mid-year spike in inflation was temporary, and John Williams, President of the Federal Reserve Back of New York, said he expected inflation in 2021 to be around 3% for 2021. These are the people who are in charge of managing inflation. At the time,...
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Greenhouse Gas Alarmists Should Support Nuclear Power


I’ve made the argument before that people who view greenhouse gas emissions as a threat to humanity should support nuclear power, a proven source of energy that can be deployed now, and that emits no greenhouse gasses. Thus, I have been puzzled that those climate change alarmists seem to be so opposed to the...
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Classes Underway in Florida, Land of the Free


Many K-12 schools and universities have gone to remote instruction in response to the surge in COVID cases, but Florida remains the land of the free, with no COVID-related mandates. No mask mandates. No vaccine mandates. No mandated business closures or reductions in service. Mandates have been prohibited by the state legislature, at the...
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Why the Casual Attitude Toward Inflation?


The Federal Reserve and the Biden administration seem to have a very casual attitude toward inflation. When inflation started to draw some attention, the Federal Reserve’s official line was that it was transitory. In June, Federal Reserve Chairman Jerome Powell said it was temporary, and John Williams, President of the New York Federal Reserve...
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Transitory Inflation? Move Along. Nothing to See Here.


Many Beacon readers will be aware that the current rate of inflation, measured by the government’s Consumer Price Index, is 6.2%, measured from October 2020 to October 2021. Jerome Powell, Chair of the Federal Reserve Bank’s Board of Governors, says this inflation is transitory. Yet he also says we could be seeing high inflation...
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Does Joe Biden’s Multi-Trillion Dollar Spending Plan Pay for Itself?


How can a plan that proposes to spend trillions of dollars cost nothing? The Orwellian answer from the president is that the plan includes tax increases claimed to match its expenditures.
A Woke Viewpoint on Integration


My local newspaper, the Tallahassee Democrat, recently featured an article on the increasing levels of racial integration in many of Florida’s residential neighborhoods. It focused on recent trends showing that historically Black neighborhoods are becoming increasingly multiracial. The spin the article gives on this trend is that “residents and real estate experts say some...
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Biden’s Plan to “Tax The Rich” Will Cost the Middle Class


Many readers will be aware that President Biden has proposed new taxes on the rich to help fund his expenditure plans. As this article explains, a big part of his tax proposal is to tax the unrealized capital gains of people who have assets exceeding $1 billion, which is about 700 people. Despite objections...
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Anti-Authoritarian Authoritarians


Many readers of The Beacon will know that Florida Governor Ron DeSantis has issued an executive order prohibiting governments in Florida from mandating that people wear masks. Meanwhile, many local government officials, including my local school board and superintendent, have defied that order and issued mask mandates. In response, the governor and state commissioner...
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