| Tuesday May 11, 2021 at 12:28 PM PDT
George Orwell has a famous insight from his 1945 work Notes on Nationalism. “One has to belong to the intelligentsia to believe things like that: no ordinary man could be such a fool.” Most people run into this insight in a paraphrased form. “There are some ideas so absurd that only an intellectual could...Read More »
| Tuesday September 15, 2020 at 8:35 AM PDT
The Congressional Budget Office has just released a dismal update of the 10-year budget projections it released just six months ago. The update reveals how much the U.S. government’s fiscal outlook has changed for the worse because of COVID-19. That impact starts with a picture of just how big a hole COVID-19 has blown...Read More »
| Thursday February 7, 2019 at 10:04 AM PST
The U.S. national debt has nearly reached $22 trillion, rising by nearly $500 billion since the U.S. government’s 2018 fiscal year ended on September 30, 2018.
Randall G. Holcombe
| Wednesday September 5, 2018 at 2:00 PM PDT
With polarization has come intolerance: people abandon their friends and family when they seem to have the wrong political views.
William F. Shughart II
| Thursday July 22, 2010 at 7:02 AM PDT
Facing a budgetary shortfall of between $56 billion to $86 billion over the next two years, a recent article in the Wall Street Journal by Tamara Audi (“Cities Rent Police, Janitors to Save Cash”) documents efforts by municipalities across the nation to stanch red ink by outsourcing the “public” services they no longer can...Read More »
| Sunday March 1, 2009 at 8:46 PM PST
When Franklin D. Roosevelt was campaigning for reelection in 1936, his opponents began to call attention to the president’s failure to keep the promises he had made while campaigning for election in 1932. Roosevelt had promised, among other things, that he would balance the budget, yet in the fiscal years 1934, 1935, and 1936, which...Read More »