Now that the gross federal debt has surpassed $18 billion—six times the amount that troubled us back in 1990—we can clearly answer the two questions posed by the symposium's organizers: yes, a large and growing federal debt does matter; and no, we can do nothing about it.
In recent years, some economists, contrary to long-established and widely-accepted economic theory, have been claiming that increases in the minimum wage do not increase unemployment. But both logic and the data say otherwise.
Government likes to put out lots of data showing things like income and employment for huge numbers of people.
Government likes to put out lots of data showing things like income and employment for huge numbers of people. The problem is, this tells us almost nothing about how real-life people are hurt or helped by government intervention.
The opposite of secession is annexation wherein governments extend their monopolies over a greater territory.
The opposite of secession is annexation wherein governments extend their monopolies over a greater territory. Just as secession naturally limits the power of states, annexation extends it, and should be opposed.
US AG Holder did something good on asset forfeiture. But don't break out the prize for Libertarian of the Year just yet.
If we want to lower the cost of health care, we should seek to increase the availability of health care services, including increases in trained me
If we want to lower the cost of health care, we should seek to increase the availability of health care services, including increases in trained medical personnel. Government, however, acts repeatedly to prevent the entry of more doctors into the marketplace.
