John Stossel: Because Prohibition Worked So Well ...

Why to we continue the war on drugs? Forty years ago, the United States locked up fewer than 200 of every 100,000 Americans. Then President Nixon declared war on drugs. Now we lock up more of our people than any other country — more even than the authoritarian regimes in Russia and China. A war on drugs — on people, that is — is unworthy of a    ... MORE 

VIDEO: Understanding Inflation

Katie Kieffer: RINOS Play FarmVille

Farming is a game to RINOS (Republicans In Name Only). But farming is not a game. Not in America. We are the world’s No. 1 exporter of wheat, corn and soybeans. If we mess up, global food prices soar, livestock die, and streets erupt in riots. The GOP is supposed to be the party that “gets” economics. Republicans pride themselves ... MORE

Daren Jonescu: The Last Line Of Defense: Property

The fight for property rights is the fight for reason. "Property is theft." Proudhon's classic anarchist paradox is more than a catchy slogan for international leftism.  It encapsulates a complete and comprehensively absurd view of humanity -- one which finds its contemporary apotheosis in President Obama's more prosaic rendition, "You didn't build that."  ... MORE

James V. DeLong: America's Crisis Of Political Legitimacy

Finding the road back to consent and stability.   The Founders were right to posit that a breakdown of the limits of government would cause a breakdown of consent. Only 22 percent of likely voters say the current government has the consent of the governed. Across many decades, my mind’s eye sees Professor Samuel Beer pacing the   ... MORE

Daniel Greenfield: Why You Will Never Buy A Car Again

Obama cars are coming. If you’ve been waiting around to buy a new car, better hurry up. If Obama gets his way, the only car you will be able to buy will be a small hybrid cube and will cost more than you can afford. The Obama administration has finalized new fuel economy rules that will require the fleet-wide average of new cars and trucks sold in ... MORE

VIDEO: John Stossel - Airport Security Screenings

Thomas Sowell: Entitlement Reform

The young, not the elderly, should be alarmed.  For those of us who like to believe that human beings are rational, trying to explain what happens in politics can be a real challenge. For example, that segment of the population that has the least to fear from a reform of Medicare or Social Security is the most fearful — namely, those already receiving    ... MORE

Stephen Mauzy: Why Free Markets

The best political economy imaginable.    To exchange for greater benefit is as natural to humans as any innate bodily function.  Exchange needn't be taught or explicated.  No inculcation need occur.  It just happens.  A kindergartener exchanges his juice box for another kindergartener's cupcake.  Because of inequality of wants --      ... MORE

VIDEO: Introduction to the CAFR

Jennifer Alexander: Why The Feds Won't Reschedule Pot

International treaty trumps national self-interest.   Activists have been working for years to reform state and local marijuana laws throughout the nation through decriminalization, implementation of medical marijuana laws and, most recently, attempts at legalizing marijuana. Many opponents, and even some activists, argue      ... MORE

Russell Hasan: Prostitution And Coercion

Economic pressure is not coercion. I was recently thinking about why prostitution is illegal. As a libertarian I think that it should be legal, as an extension of people’s absolute right to own their own bodies. But many Americans disagree. If there is a rational, persuasive argument against the legalization of prostitutes (or “sex workers,” as they should be   ... MORE

Omar Ghate: Ayn Rand's Appeal

The real question is why her appeal isn't greater.   Paul Ryan is Romney’s pick for Vice President and now Ayn Rand’s name is on everyone’s lips. Many on the left are pillorying Ryan as an unrealistic “ideologue” because of his Rand connection. Many on the right accede, quickly trying to set aside Ryan’s admiration for "Atlas Shrugged" as youthful     ... MORE

Walter E Williams: The Rich Don't Pay Enough?

Obama exploits ignorance on taxes.    If you listen to America's political hacks, mainstream media talking heads and their socialist allies, you can't help but reach the conclusion that the nation's tax burden is borne by the poor and middleclass while the rich get off scot-free. Stephen Moore, senior economics writer for The Wall     ... MORE