National debt is over $14 trillion, the federal budget deficit is $1.4 trillion and, depending on whose estimates are used, the unfunded liability or indebtedness of the federal government (mostly in the form of obligations for Social Security, Medicare, Medicaid and prescription drugs) is estimated to be between $60 and $100 trillion. MORE
Walter E Williams: Can Our Union Be Saved?
National debt is over $14 trillion, the federal budget deficit is $1.4 trillion and, depending on whose estimates are used, the unfunded liability or indebtedness of the federal government (mostly in the form of obligations for Social Security, Medicare, Medicaid and prescription drugs) is estimated to be between $60 and $100 trillion. MORE
VIDEO: Social Security, a retrospective
Just how was Social Security sold to the American people? A look back in time with commentary by Milton Friedman and Walter E Williams.
Tea Party Must Embrace Individualism as a Moral Ideal
To deliver on its promise to restore lost freedoms, the tea party must anchor its work in Ayn Rand's understanding that all schemes that sacrifice the individual to society are morally wrong. ARTICLE
Public Employee Unions Looting American Taxpayers
Lines are being drawn and the fight to reduce overly generous pay and benefits to government employees at the federal, state and local level is underway. MORE
Tom Woods: The Case for Freedom
Any political philosophy must address itself to a central question:
Under what conditions is the initiation of violence to be considered legitimate? MORE
Under what conditions is the initiation of violence to be considered legitimate? MORE
National Debt Eclipses $14 Trillion
The United States just passed a dubious milestone: Government debt surged to an all-time high, more than $14 trillion. That means Congress soon will have to lift the legal debt limit to give the nearly maxed-out government an even higher credit limit or dramatically cut spending to stay within the current cap. Either way, a fight is ahead on Capitol Hill, inflamed by the passions of tea party activists and deficit hawks. MORE
A Bright Idea: Rescue the Incandescents
CFL's can cause migraines and aggravate epilepsy.
Why is Paris known as the City of Light? Is it because the U.S. Congress banned Thomas Edison's incandescent light bulbs, so he had to take his invention offshore? MORE
Why is Paris known as the City of Light? Is it because the U.S. Congress banned Thomas Edison's incandescent light bulbs, so he had to take his invention offshore? MORE
When Booze Was Banned but Pot Was Not
What can today's antiprohibitionists learn from their predecessors?
Of the 27 amendments to the U.S. Constitution, the 18th is the only one explicitly aimed at restricting people’s freedom. It is also the only one that has ever been repealed. Maybe that’s encouraging, especially for those of us who recognize the parallels between that amendment, which ushered in the nationwide prohibition of alcohol, and current bans on other drugs. MORE
Of the 27 amendments to the U.S. Constitution, the 18th is the only one explicitly aimed at restricting people’s freedom. It is also the only one that has ever been repealed. Maybe that’s encouraging, especially for those of us who recognize the parallels between that amendment, which ushered in the nationwide prohibition of alcohol, and current bans on other drugs. MORE
Why Gun Control (Still) Won't Work
Restricting the Second Amendment is not the answer to the Tucson shootings.
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