Suddenly the world is abuzz with talk about legalizing marijuana and other drugs. Political candidates, politicians, former presidents, interest groups, and even the Global Commission on Drug Policy are all calling for drug-policy reform. Given that we are in a worldwide economic and fiscal crisis, why is everyone interested in drug policy? Have we all suddenly regained our senses ... MOREMark Thornton: Why Legalize Now?
Suddenly the world is abuzz with talk about legalizing marijuana and other drugs. Political candidates, politicians, former presidents, interest groups, and even the Global Commission on Drug Policy are all calling for drug-policy reform. Given that we are in a worldwide economic and fiscal crisis, why is everyone interested in drug policy? Have we all suddenly regained our senses ... MORE4th Of July Special: The Americans Who Risked Everything
by Rush H. Limbaugh Jr (the talk radio host's father). It was a glorious morning. The sun was shining and the wind was from the southeast. Up especially early, a tall, bony, readheaded young Virginian found time to buy a new thermometer, for which he paid three pounds, fifteen shillings. He also bought gloves for Martha, his wife, who was ill at home. ... MORESteve Chapman: Stimulus To Nowhere
The failure of Obama's economic agenda. Mired in excruciating negotiations over the budget and the debt ceiling, President Barack Obama might reflect that things didn't have to turn out this way. The impasse grows mainly out of one major decision he made early on: pushing through a giant stimulus. When he took office in January 2009, this was his first priority. ... MORERandall Hoven: Ten Lessons From Federal Spending
One can learn a lot just from looking at federal spending over time. The history of our relationship with our government can almost be summarized in graph. Research shows that from the founding of our nation, 1787-1849 (63 years) federal spending averaged 1.7% of GDP. For the next 51 years, 1850-1900 (including the Civil War) spending averaged only 3.1%. From 1901 ... MORE Peter Moskos: Collars For Dollars
Sacrificing real policy for easy arrests. When I was a police officer in Baltimore, one sergeant would sometimes motivate his troops in the middle of a shift change by joyfully shouting, “All right, you maggots! Let’s lock people up! They don’t pay you to stand around. I want production! I want lockups!” He said this while standing in front of a small sign he most likely authored ... MOREVIDEO: Unintended Consequences of Price Controls
Prof. Antony Davies explains that prices are not levers that set value, but rather, are metrics that respond to value. Therefore, since government cannot legislate value, attempts to control prices will generate unintended consequences. Using the minimum wage as an example, Davies demonstrates that minimum wage laws increase unemployment rates amongst low-skilled workers.
Thomas Sowell: The Fourth Of July
The Fourth of July may be just a holiday for fireworks to some people. But it was a momentous day for the history of this country and the history of the world. Not only did July 4, 1776 mark American independence from England, it marked a radically different kind of government from the governments that prevailed around the world at the time — and the kinds of governments that had prevailed for thousands ... MOREJohn Stossel: A New Day In Politics
Most Americans used to call themselves Republican or Democrat. These days, more call themselves independent. What does that mean for American politics? A lot. "Independents are everywhere, and they're becoming the largest single voting bloc in the country," Reason magazine Editor Matt Welch says. " (T)hey can determine every national election and every ... election for state office. ... MOREWalter E Williams: Ignorance, Stupidity or Manipulation
Rep. Charlie Rangel, D-N.Y., referring to his race and the Constitution on John Stossel's recent show "The State Against Blacks," said, "I wasn't even considered three-fifths of a guy." The Rev. Al Sharpton, debating on Sean Hannity's show, said, "Any black, at any age at any stage, was three-fifths of a human." Even eminent historian John Hope Franklin charged the Founders with ... MORE
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