Jacob Sullum: The High Price Of Prohibition
Forty years ago this Friday, President Richard Nixon announced that "public enemy number one in the United States is drug abuse." Declaring that "the problem has assumed the dimensions of a national emergency," he asked Congress for money to "wage a new, all-out offensive," a crusade he would later call a "global war on the drug menace." The war on drugs ended ... MOREChristopher Chantrill: Economics For Babies
Economics is too hard for liberals and many others. Who can tell from deficits and multipliers, after all? So it is time to dumb economics down and make it simple enough for a baby to understand. "Economics for Babies." This could be a publishing sensation to equal the Dummies phenomenon. Here is how it works. Drill, Baby Drill Our liberal friends are convinced, because ... MOREDaniel Oliver: Concripts in a Ponzi Scheme
The spit turns slowly over the Social Security roasting fire but there is no whimpering from the children being cooked. Yet. Jonathan Swift's Modest Proposal (one of English literature's great satires) for preventing the children of poor people in Ireland from being a burden to their parents or their country, and for making them beneficial to the public was: to eat them. Our ... MOREA. Barton Hinkle: Tolerance For Me But Not For Thee
Freedom of association includes the right to discriminate. Gay-rights organizations have been quick to defend the Richmond Federal Reserve Bank after it came under attack for hoisting a gay-pride flag on a pole directly beneath the American flag. The Fed did so at the request of, and to show support for, its gay, lesbian, and transgender employees. Republican Del. Bob Marshall ... MORERich Lowry: Unemployment Catastrophe
Pres. Barack Obama is given to cute vehicular metaphors about the state of the economy. We were "in a ditch," then got out and hit a "bump in the road." This is studiously folksy. It also vastly understates the nature of our situation. President Obama is presiding over an unspooling social catastrophe in the form of unemployment, and especially long-term unemployment. For all those ... MOREAffordable Housing Means Your House Is Worth Less
by Anthony Randazzo. Martin Luther King famously once proclaimed, “I have a dream, that one day my children would not be judged by the color of the skin, but by the content of their character, and that they would have a right to a home at an affordable price.” Okay, that’s not exactly what he said. But an unusual coalition of financial institutions and community housing advocates ... MOREThe Case Against Raising the Debt Ceiling
by Robert P. Murphy. A recent NPR story on the debt ceiling seeks to correct the American public's "misunderstanding" of the issue. But as we'll see, whether through ignorance or deception, the analyst on whom the story relies makes claims about the debt ceiling that are simply not true. It turns out that the public's gut reaction to politicians' piling on ever more red ink is ... MOREIt's Not The Debt Ceiling, It's The Dollar
by Lewis E. Lehrman. Today, the chorus line of the debt ceiling and dollar bears is "all fall down." The missing issue of this President election is monetary policy -- America's need for a stable dollar. But massive Federal Reserve credit expansion, QE1 and QE2, has forced the volatile dollar down to such a depreciated level on the foreign exchanges that, absent QE3, a ... MORE
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