A Funny Thing Happened on the Way to the Supreme Court

According to a handful of my favorite bloggers,* the USSC ruled that the health care mandate is constitutional because it’s a tax and congress is authorized to levy taxes. I would say that I’m surprised with the ruling, but that would mean I cared about the ruling before it was handed down. ObamaCare is . . . → Read More: A Funny Thing Happened on the Way to the Supreme Court

On Its Dying Breath

Here’s another sign that the United States are toast:

Mr. Saverin, who now lives in Singapore, decided last year to renounce his U.S. citizenship, a decision that was made public a few days ago. The move sparked an outcry among some tax experts who suspect he’s aiming to save on taxes. [Ya think?] Although . . . → Read More: On Its Dying Breath

Whence Regulation: Redux*

It’s all about power:

So why was the Nepalese government opposed to the mill? The answer is that the monarchy and the elite surrounding it, who controlled the government, were afraid of becoming political losers. Economic progress brings social and political change, eroding the political power of elites and rulers, who in response . . . → Read More: Whence Regulation: Redux*

Entrepreneurs and Democracy

This column in the March 7, 2011 edition of The New Yorker has an interesting perspective on economic development – particularly in the Middle East. In the language of my University Seminar class, here’s the claim presented by James Surowiecki

The autocracies of the Arab world have been as economically destructive as they’ve been . . . → Read More: Entrepreneurs and Democracy

Without a Net: Compromise versus Calculation

INTRODUCTION: ORDER OF BATTLE If we place the ongoing “purist”-”pragmatist” conflict within the libertarian movement under a metaphorical microscope, it immediately becomes apparent that what we’re looking at is not one conflict, but rather a bundle of conflicts composed of numerous intertwined disputes with overlapping intra-movement constituencies for particular outcomes. While the movement . . . → Read More: Without a Net: Compromise versus Calculation

Economic Growth and Democratic Institutions

Professor William Easterly recently presented (link) an intriguing empirical evidence on the relationship between nation’s politics and economic growth. In particular, professor Easterly presented data on long-run economic growth and the scope of democracy for a majority of countries between 1960 and 2008. Professor Easterly identified that the highest-growing countries in the world . . . → Read More: Economic Growth and Democratic Institutions

Religion and Economic Growth

In the course of economic growth theory, the impact of religion on economic growth and GDP per capita has been largely neglected by the mainstream economic theory. Basically, there have been two major conceptual forces behind the demonstration of the effect of religiousness on economic growth. First, traditional theoretical approach to the analysis of . . . → Read More: Religion and Economic Growth

The Mind Conspirators

Worthwhile read for libertarians – The Mind Conspirators by Nelson Hultberg. A quote:

Philosophical fallacies and socialist falsifications of economics and history have gained sway in the school system to poison our citizens’ minds against the American concept of freedom. Such fallacies have created a grossly distorted image for the man in the . . . → Read More: The Mind Conspirators

The Empirics of Corruption, Institutions, and Economic Development

Urska Zagar posted two very interesting empirical articles (here and here) about the connections between corruption, economic freedom and economic welfare. The first two indicators are qualitative while the third one is rather easily measurable. In a sample of 50 advanced, developing and least developed countries, she found a positive and robust correlation between . . . → Read More: The Empirics of Corruption, Institutions, and Economic Development

A Time for Choosing

You and I have a rendezvous with destiny.

We’ll preserve for our children this, the last best hope of man on earth, or we’ll sentence them to take the last step into a thousand years of darkness.

Thus spoke Ronald Reagan some forty-six years ago.  Tragically, today in America it appears the . . . → Read More: A Time for Choosing