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Politics

If the voting taxpayers (specifically, those who actually pay the bills) are outnumbered or outcompeted by the tax receivers, then national bankruptcy is the...

Politics

If the voting taxpayers (those who actually pay the bills) are outnumbered or outcompeted by the tax receivers, then national bankruptcy is the most...

Politics

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Politics

Individual voters have little reason to become informed. Politicians have strong incentives to pander rather than persuade. Partisans are rewarded for tribal loyalty rather...

Politics

By trying to protect dairy farmers and raise their incomes, the government created a massive cheese surplus, then gave it away, thus harming the...

Politics

During the Cold War, pro-assassination forces gained ground, but the illegal killing was hidden because it was inconsistent with the shining-city-on-the-hill propaganda.

Politics

By trying to protect dairy farmers and raise their incomes, the government created a massive cheese surplus, then gave it away, thus harming the...

Politics

According to mainstream economists, inflation aids economic growth while deflation impairs growth. Austrian economists, however, point out that in much of US history, economic...

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