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.
It’s Time to End the COVID Mandates


As everyone is aware, governments have been mandating restrictions on people’s behavior in response to the COVID pandemic for more than a year. Cases are on the rise around the US, and in response, governments are retaining existing mandates and reimposing mandates that had previously been repealed. COVID is not going away, but the...
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Is Our Current Inflation Temporary? Look at the Numbers


Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, has said that the current uptick in inflation is temporary, and he expects inflation to subside in 2022. Despite rising inflation, the Fed is not in an inflation-fighting mood. Powell’s view rests heavily on interruptions in the supply chain that have...
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Who’s With Me?


Humans are an inherently tribal species. People have always lived and worked in groups. In primitive times, they recognized those in their group as allies and cooperated with them. Those outside their group were viewed with hostility. Strangers were potential predators and potential prey. Better to take their stuff when the opportunity presents itself...
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Tax Havens, or Intergovernmental Competition


President Biden and Treasury Secretary Janet Yellen have convinced the other G-7 countries to implement a 15% minimum global corporate tax rate. The argument in favor is that some countries (the linked article names Ireland) are establishing themselves as tax havens–lowering their tax rates to attract businesses from higher-tax countries. Another way to view...
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Inflation Facts


Widely reported in the financial news, inflation skyrocketed in March–the Consumer Price Index was up 0.8% in just one month. Year over year, the inflation rate from March 2020 to March 2021 was 4.2%. Many people have told me they think those figures are understated from their own shopping experience, but I’m taking all...
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The Essential James Buchanan


I am delighted to announce that The Essential James Buchanan, which I co-authored with Don Boudreaux, has been published by the Fraser Institute. The book can be purchased on Amazon Kindle for $.99 or downloaded at no charge from the Fraser Institute’s website, and will also be available soon in hardcover and paperback for...
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President Biden’s Climate Pledge: Aspirations Versus Policies


President Biden has pledged to reduce US greenhouse gas emissions by 50% by 2030, and to achieve net zero emissions no later than 2050. This is nothing more than political rhetoric: an aspiration, but not a climate policy. For those who support those announced goals, the president’s pledge, if it has any effect, will...
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The Name Says It All: Gun Control Isn’t About Reducing Firearm Violence; It’s About Control


The Second Amendment right to keep and bear arms is a hot topic these days. President Biden recently announced plans to place additional limits on current Second Amendment rights with the argument that those restrictions can “address the gun violence public health epidemic.” Second Amendment defenders (here’s an example) argue that further restrictions on...
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Vaccine Passports: Why? How?


There’s only one reason to require COVID vaccine passports: to coerce people into getting the vaccine. While vaccination is not required, a passport requirement would say, “Whether you get the vaccine is up to you, but if you want to travel or shop or do anything outside your home, a passport is required.” For...
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Rushing Toward the Fiscal Cliff


Last week President Biden signed the $1.9 trillion COVID relief bill, which among other things will provide direct payments of $1,400 to many Americans, and extend a financial supplement to unemployment payments. It’s difficult to comprehend numbers as big as $1.9 trillion, but here are some ways to think about it. The US population...
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