Health Care Premium Hikes and Crony Capitalism

What’s behind the huge premium increases on the Obamacare exchanges? Supporters and opponents offer wildly different explanations and theories. They all pore over the data and get into the details of who is signing up, what the risk pools look like and other things actuaries find exciting. However, the reason for the big price hikes […]

 


Freedom First!

The Fourth of July we celebrate this weekend heralds a document proclaiming both our nation’s independence and our unwavering commitment to freedom. It’s true, of course, that our nation was far from perfect in pursuit of this ideal. The continuation of slavery in a land proclaiming that all men are created equal is a lasting […]

 

States Don’t Have Rights, People Have Rights

Next week, we’ll be celebrating the 239th anniversary of the signing of the Declaration of Independence. The eloquent cries for freedom and equality voiced in that properly revered document have become what professors Sid Milkis and Marc Landy call the “American Creed.” It’s a belief that all of us have the right to do whatever […]

 

A Ray of Hope Far from Washington

Listening to the political junkies discuss the 2016 presidential election more than a year ahead of time is enough to depress just about anyone who has a life outside the political bubble. It will get even worse next year with the avalanche of civic pollution known as campaign commercials. That’s why the Bloomberg Technology Conference […]

 

Happy 800th Birthday, Magna Carta!

What sometimes seem like epic battles to reshape the world generally fade to irrelevance very quickly. To take just one recent example, 20 years ago the Justice Department was trying to break up Microsoft because the software giant was perceived as too powerful to be challenged by other firms. Today, of course, all the talk […]

 



A Memorial Day Reflection on Equality

On Memorial Day, consider honoring those who died for our country by reflecting on the truly exceptional ideals they fought to defend. Consider, for example, the simple assertion in the Declaration of Independence that “all men are created equal.” To modern ears, the only thing remarkable in the phrase is that it doesn’t explicitly mention […]

 

The Legitimacy Crisis

American government — at all levels — is losing the legitimacy it needs to function. Or, perhaps, some segments of the government have already lost it. New York Times columnist Charles M. Blow made this point recently in a commentary on the relations between minority communities and our system of justice. He said that we […]

 

Brace Yourself for More Baltimores

The sad scenes playing out in Baltimore are made sadder by the fact that more such incidents are likely over the coming years. That’s because the problems in Baltimore did not begin with the arrest and death of Freddie Gray. Tensions have been building for a very long time. Other cities from coast to coast […]

 



Technology Will Trump the Bootleggers

In recent weeks, I’ve written about how the “Bootleggers and Baptists” dynamic corrupts regulatory politics. Bruce Yandle developed this concept decades ago. He observed that Prohibition became reality because Baptists wanted people to stop drinking while the ban on legal alcohol put money in the Bootlegger’s pockets. The do-gooders succeeded only because the money-grubbers joined […]

 

GE and America’s Corporate Bootleggers

I recently highlighted an important book that describes how politics really works. “Bootleggers and Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics,” by Adam Smith and Bruce Yandle, showed that prohibition became reality because it appeared to satisfy both Baptists and Bootleggers. The Baptists wanted people to stop drinking. The Bootleggers […]

 

President Spock?

The death of Leonard Nimoy saddened millions of Trekkies around the world (including me). But it wasn’t just Trekkies who mourned. In the past month, it has become clear that Mr. Spock — the character Nimoy brought to life — had become a cultural icon extending far beyond the Trek universe. The president of the […]

 



Making Social Security Work for Today’s Workers

Social Security, Medicare/Medicaid and National Defense consume two-thirds of all federal spending and are responsible for most of the annual spending increases. That leaves Americans with a choice. We must either cut spending on these three programs or pay much higher taxes to cover the ever-increasing costs of the programs. Last week, I looked at […]

 

Facing The Cost of the World’s Most Powerful Military

Two-thirds of all federal spending is consumed by just three program areas: Social Security, Medicare/Medicaid and National Defense. Because these programs consume most of the budget and are responsible for most of the annual spending increases, there is simply no way to regain control of federal spending without addressing these programs. So either taxes will […]

 

Scott Walker’s Secret Weapon: Lack of College Degree

Wisconsin Governor Scott Walker has emerged as a serious contender for the 2016 Republican presidential nomination. In response, the Washington Post researched and published a lengthy article on the “mystery” of why Walker dropped out of college. The decision to attack Walker for failing to graduate tells us more about the worldview of the Washington […]

 


A Federal Budget on Auto-Pilot

President Obama’s proposed federal budget for 2016 envisions never-ending growth of federal spending. This is a significant change from the past six years in which federal government spending has held fairly steady. Following a big jump in 2009 due to the bailouts and financial crisis, government spending never returned to pre-crisis levels, but it didn’t […]

 

Federal Budget Deceit

On Monday, President Obama will unveil his proposed federal budget for 2016. Voters should be warned that virtually all the numbers reported in news coverage of the federal budget will be misleading at best. That’s because the budget reporting will be written primarily in the language of official Washington rather than the language of everyday […]

 

Media Miss The Real News Of The Week

This past week, one of the world’s most famous and influential men made a major announcement concerning our global future. But you might have missed it because America’s national news media was obsessing over President Obama’s State of the Union address. Let’s face it, a State of the Union address by any president is more […]

 

Bush, Clinton, And The Political Class

Charlie Cook, a veteran inside-the-beltway political analyst, recently wrote of a focus group discussing the 2016 presidential election. He observed that the conversation among 12 Colorado voters “would be jarring to anyone who assumed that the nominations of Bush and Clinton are inevitable.” Cook added that, “When half a dozen voters in a conversation say […]

 

Obamacare and the Irritation Factor

As we enter 2015, the politics of the president’s health care law are little changed from last year or the year before, or any year since it was passed. The details change with the calendar, but year after year, the law remains a major drag on President Obama’s popularity and legacy. Defenders of the law […]

 

Technology, Not Politics, Leading the Way

For decades, American presidents urged the American people to reduce our reliance on foreign oil imports by conserving energy. Nothing worked. In defiance of the prevailing political wisdom, individual Americans insisted that the answer was not cutting back on the use of energy but finding new sources of energy. When politicians tried to force people […]