And George McGovern has discovered the value of liberty and the limitations of government. Since leaving office I’ve written about public policy from a new perspective: outside looking in. I’ve come to realize that protecting freedom of choice in our everyday lives is essential to maintaining a healthy civil society. Why do we think we are helping adult consumers by taking away their options? We … Continue reading Pigs Fly!
Mark Tapscott (HT: Instapundit): I don’t see how McCain could avoid being a vigorous supporter of proposals to expand the regulatory reach and severity of campaign finance law. Otherwise, it will take the Democrats about 10 seconds to accuse McCain of flip-flopping, or worse, if he doesn’t aggressively support their certain efforts to expand the FEC’s budget, staff and regulatory authority. The inevitable result will … Continue reading The Future of Free Speech
Many have noticed that the Social Security system is essentially a Ponzi scheme, a pyramid that depends on the entry of increasing numbers of people. People who entered the system early profited immensely. People entering it when I did are fated to receive poor returns, assuming the system survives. People entering it now—that means YOU, graduates!—are going to lose big. John Hinderaker notes that the … Continue reading Another Ponzi Scheme
Various pundits and Democratic candidates for President have been arguing about ways of bringing health insurance to those who currently lack it. One idea is health insurance mandates—require people to buy health insurance, and subsidize the cost for those who have trouble affording it. Greg Mankiw today says what I’ve been thinking about this: “a mandate is only as effective as the penalty backing it … Continue reading Mandates
Virginia Postrel writes that the perception of a disappearing middle class is a function of land use regulation (Hat tip: Wall Street Journal): Dallas and Los Angeles represent two distinct models for successful American cities, which both reflect and reinforce different cultural and political attitudes. One model fosters a family-oriented, middle-class lifestyle—the proverbial home-centered “balanced life.” The other rewards highly productive, work-driven people with a … Continue reading The Disappearing Middle Class?