Corporate Welfare: Where’s the Outrage? A Review
by David Waugh It is fashionable for politicians like Senator Sanders to point to corporations as beneficiaries of socialist government policies. To their credit, they are correct. So what is corporate socialism? In their excellent book Multilateral Disarmament: A State Compact to End Corporate Welfare, Byron Schlomach, Stephen Slivinski, and James M. Hohman provide a […]
Remdesivir And Lessons In Pandemic Drug Approvals
by Michael Fumento Call it the result of the Covid pandemic attitude of “Do something, anything!” That’s alongside the lockdowns, exhortations to wear ever more masks at one time, bizarre travel restrictions, and all sorts of goofy alleged remedies like wearing face shields on top of the head, alcohol mats to prevent transmission through shoe […]
What Is Money, Anyway?
by David Gillette One of the most important aspects of economics that people should understand better is money. Recall your first paycheck, not an allowance for chores around the home, but for real work where you risked losing that employment. For our purposes – and perhaps for cultural anthropologists, since they gather data about such […]
Will We Accept Nuclear Fusion When It Comes?
by James E. Hanley In the past two months, researchers have made two significant breakthroughs towards making nuclear fusion technologically and commercially viable. In California, scientists at the National Ignition Center hit a hydrogen capsule with laser beams, creating about ten quadrillion watts of energy, although for only 100 trillionths of a second. And in Massachusetts, […]
Biden’s Wrecking Ball for Financial Privacy
by James Bovard The Biden administration is seeking to compel banks to report to the IRS any bank account with more than $600 in transactions per year. This proposal is a linchpin of Biden’s American Families Plan, and will supposedly help generate almost $500 billion in federal revenue over the next decade. But previous catch-all financial reporting […]
The Great Ivermectin Flap Reveals The Tribalism Of American Politics
by James E. Hanley It appears that some Americans are so Red Tribe-identifying that they distrust vaccines that have been taken by tens of millions with few cases of significant side effects, while simultaneously naively trusting non-experts telling them to take a horse dewormer. Some are even taking it prophylactically. As the old saying goes, “Nobody ever […]
Why Totalitarians Promote Hate
by Barry Brownstein In Upstate New York, thirty Lewis County General Hospital health clinicians resigned rather than take the mandated Covid shot. Six of those who resigned worked in the maternity unit; the hospital shut down the maternity unit until new nurses who are vaccinated can be recruited. Other essential services may be curtailed, as 73 percent of unvaccinated […]
Tax Increases Cannot Pay For The Democrats’ Reconciliation Bill
by Travis Nix With a projected deficit of $3 trillion for this year already, congressional Democrats are moving full speed ahead to spend an additional $3.5 trillion over the next 10 years with no clear plan to pay for it. Despite claims by Speaker Pelosi and key Senator Mark Warner (D-VA) that the Democrats’ $3.5 trillion spending package will be fully paid for, […]
Born Unequal: Pondering The Natural Lottery
by Max Borders Paige Harden is a University of Texas-Austin behavioral geneticist who does not deny that inborn determinants of IQ can result in unequal social outcomes. Yet Harden considers herself a progressive. In certain quarters, reconciling hereditary dispositions with egalitarianism is a hard circle to square. So many on the progressive left simply deny the science […]
The Inevitable Failure Of Socialism
by Donald J. Boudreaux Among the most important articles ever written in economics is Ludwig von Mises’s 1920 paper “Die Wirtschaftsrechnung im sozialistischen Gemeinwesen” – which is normally translated as “Economic Calculation in the Socialist Commonwealth.” In this paper Mises argued that socialism will not only fail to achieve improved living standards for ordinary people, it […]
