Contrary to most predictions, Election Day brought no blue wave. While former Vice President Joe Biden won the presidency, it looks like the Republicans will keep the Senate. Even more surprisingly, the Democrats appear to be on the verge of losing as many as 13 seats in the House of Representatives. If this proves to be the case, it would be ...Read more
As he claimed victory in the race for the White House, Joe Biden declared that now is "a time to heal." Like Republican Jack Kemp before his vice presidential debate with Al Gore in 1996, Biden added: "Stop treating our opponents as our enemies. They are not our enemies. They're Americans."
What's not love about this message? After four brutal ...Read more
Once again, Election Day in America has come and gone with some lingering questions as to when the results will be certified. In the run-up to the presidential contest, each side overflowed with hope about the many wonders its guy, once in power, might bring about. Unfortunately, for those of us who prefer smaller government -- for those of us ...Read more
Why people continue to trust government officials is a mystery. Often disconnected from the problems at hand, their policies also often contradict their supporters' frequently expressed beliefs. While suffering from cost overruns and increasing budget deficits, these policies handsomely reward their cronies, too.
A good example is the latest ...Read more
Every year witnesses the publication of countless books. Some are interesting, and a few are inspiring. The forthcoming book by Charles Koch (businessman and philanthropist) and Brian Hooks (CEO of philanthropic community Stand Together), "Believe in People: Bottom-Up Solutions for a Top-Down World," is both interesting and inspiring.
While the...Read more
President Donald Trump is one of the worst negotiators I have ever seen. One day, he tells Speaker of the House Nancy Pelosi that the stimulus talks are over because she insisted on at least a $2 trillion deal and rejected the White House's offer of $1.6 trillion. The next day, without Pelosi lifting a finger, the president comes back with an ...Read more
Regal Cinemas announced recently that it will temporarily close all 536 of its U.S. locations as the COVID-19 pandemic rages on and continues to keep customers away. This move will affect approximately 40,000 employees across the country. And yet, nobody in Congress is talking about a bailout for Regal.
Now compare that with the airline ...Read more
As the saying goes, "You can't teach an old dog new tricks." Nowhere is this truth more evident than in the recent behavior of the allegedly "reformed" Export-Import Bank of the United States.
Reauthorized by Congress in December 2019 with the promise that it would suddenly change its ways and focus its fire power on fighting China, this export...Read more
America's national debt now stands at close to $27 trillion. According to a new report by the Congressional Budget Office, by the end of 2020, federal debt held by the public is projected to equal 98% of GDP -- and in the following year, this burden will grow to 104% of GDP. But its growth doesn't stop there. Even in the unlikely scenario that ...Read more
Industrial policy that uses tariffs and subsidies to pick economic winners is once again in vogue among intellectuals. The rationale is to prevent China from "dominating" the global market with its subsidies while boosting American jobs and manufacturing. While I believe it's unwise to mimic China's policies to tamp down the danger of its ...Read more
As the saying goes, "When you find yourself in a hole, stop digging." This advice applies to the hole Congress leapt into by bailing out the airline industry back in March through the Coronavirus Aid, Relief and Economic Security Act. Now these companies want even more taxpayer money. The federal government should refuse another bailout.
Like ...Read more
A few weeks ago, President Donald Trump proposed a payroll tax holiday to Americans earning less than $100,000 per year. The gesture is better described as a deferral of the payroll tax burden until April 2021, and that has some people worried. They should be.
Talking about his plan, the president explained, "In a few moments, I will sign a ...Read more
Intellectuals are supposed to speak truth to power. Unfortunately, some seem to be more interested in saying what everyone expects them to say, which only reinforces the status quo. Thankfully, a few scholars are resisting this trend, fighting for what is true rather than what is popular.
Case in point: a recent Hoover Institution paper on "A ...Read more