Regulation Policy & Welfare

Liberalism Is the Enemy of the Poor

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I was a liberal back in my late 20s. I was practicing law in my hometown of Laredo, Texas, where I was serving on the board of trustees for the local Legal Aid Society, a government agency that provided free legal services for the poor. I also served as the local representative for the ACLU. I believed that government’s ... [click for more]

The Soviet Unionization of Health Care

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Few of us relish paying for health care, but when we do, amazing things happen: Strangers listen to us and try to give us what we want. Theres a simple economic rule that what we pay for, we control. Insurers, hospitals, doctors, nurses, and drug companies listen to us when their livelihood depends on it. ... [click for more]

Is Greece the Future of America?

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It may be possible to look into Americas future. How? Watch whats going on in Greece. According to the Washington Post, Greece needs to raise about 23billion in April and May to pay debts coming due. Greek officials say that either is impossible, or would require punitive interest rates making it harder to bring the budget ... [click for more]

The Liberal Assault on the Poor, Part 2

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Part 1 | Part 2 When it comes to economic policy, liberals suffer from two major weaknesses. One, they believe that all that matters with respect to policy are good intentions. As long as liberals mean well, they think that the policies they implement, especially with respect to the poor, are justified. Two, they have a woeful lack of understanding of ... [click for more]

A Lesson in the (Re)distribution of Wealth

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Through the company where I worked more than 35 years ago, I had an opportunity to meet an unusual man. I had not seen him since, but his recent obituary caught my eye. His name was Wayne Field, a name I’m sure few, if any, of you will recognize. In his 87 years he accomplished a great deal. He founded ... [click for more]

Welfare Corruption in the New Deal

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How likely is it that a big government-spending program — Obama’s or anybody else’s — won’t be manipulated by politicians pursuing their special interests? In two of his recent New York Times columns, Nobel Prize-winning economist Paul Krugman claimed that Franklin Roosevelt’s New Deal was free from corruption. Consequently, he thought it was likely that Obama, too, can have an ... [click for more]

It Can Happen Here

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You think you’ve private lives Think nothing of the kind There is no true escape I’m watching all the time I’m made of metal My circuits gleam I am perpetual I keep the country clean... — Judas Priest, “Electric Eye” England’s Daily Express reported on August 4 that “thousands of the worst families in England are to be put in ‘sin bins’ in ... [click for more]

Cash for Clunkers

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As I was standing in a long line at the Post Office in Scottsdale, Arizona, at about 4:30 p.m., I said just loud enough for those around me to hear, “If you like this, wait until National Health Insurance.” There were some chuckles. But what I was really thinking about in ... [click for more]

Robbery and the Welfare State

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Stealing from Each Other: How the Welfare State Robs Americans of Money and Spirit by Edgar K. Browning (Praeger, 2008); 226 pages. In the Sherlock Holmes story “Silver Blaze,” the key to Holmes’s solution of the case rested on something that didn’t happen — the dog that didn’t bark in ... [click for more]

Not another Runaway Entitlement Program

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We have had more than seven decades of experience with entitlement programs, since Franklin Delano Roosevelt introduced the first big one in 1935. Now Barack Obama is pushing another big entitlement program — government-run health care. We don’t need to rely on his promises, since we can reflect on our ... [click for more]

Why Do We Need the SEC?

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FDR established the Securities & Exchange Commission to protect people in securities markets. Yet there already were plenty of laws against theft and fraud, crimes that are seldom exposed by government regulators. Consider the succession of big Wall Street scandals since the late 1990s. It’s hard to find a single case ... [click for more]
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