The fundamental confusion that makes income bracket data and individual income data seem mutually contradictory is the implicit assumption that people in particular income brackets at a given time are...
The availability of federal grants and loans to help students meet rising tuition costs virtually ensures that those costs will rise. A college which kept tuition affordable could forfeit millions of...
Ronald Reagan had a vision of America. Barack Obama has a vision of Barack Obama.
No one will really understand politics until they understand that politicians are not trying to solve our problems. They are trying to solve their own problems—of which getting elected and re-elected...
It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucra...
Income tax rules also made borrowing against a home’s equity attractive. Because mortgage interest payments can be deducted for income tax purposes, the interest paid on home equity loans could also b...
If there is an optimistic aspect of preferential doctrines, it is that they may eventually make so many Americans so sick of hearing of group labels and percentages that the idea of judging each indiv...
Far from being a national crisis of affordable housing, outrageous rents and astronomical home prices are largely confined to a relatively few places along the east and west coasts. Rent per square fo...
British kings could not repudiate national debts-and this in turn made Britain a more attractive country for lenders.71
lthough the basic principles of economics are not very complicated, the very ease with which they can be learned also makes them easy to dismissed as "simplistic" by those who do not want to accept an...
Prices are not costs. Prices are what pay for costs.
The vision of the anointed is one in which ills as poverty, irresponsible sex, and crime derive primarily from ‘society,’ rather than from individual choices and behavior. To believe in personal respo...
The staunchest conservatives advocate a range of changes which differ in specifics, rather than in number or magnitude, from the changes advocated by those considered liberal…change, as such, is simpl...
The next time you see a bum leaving drug needles in a park where children play or urinating in the street, you are seeing your tax dollars at work and the end result of the vision of the anointed.
The initial wealth of a group and its time of arrival are obviously important, as many wealthy old families show, but the Jews arrived late and penniless in the nineteenth century and are now more af...
The facts are unmistakably plain, for those who bother to check the facts. In 1921, when the tax rate on people making over $100,000 a year was 73 percent, the federal government collected a little ov...
Suppose you are wrong? How would you know? How would you test for that possibility?
Epithets like fascist and imperialist stooge became common currency, along with unbridled expressions of tribal chauvinism.
What the British had earlier than many other peoples was a framework of law and government that facilitated economic transactions.
Top colleges turn out extraordinary graduates because they take in extraordinary freshmen. That tells very little about what happened in the intervening four years, except that it did not ruin these i...