Monday, February 20, 2017

Economics

Major Blow to Obamacare Mandate

IRS Won't Reject Tax Returns That Don't Answer Health Insurance Question The tax agency has stopped requiring individual filers to indicate whether they maintained health coverage or paid the mandate penalty as required under the...

Tariffs, Pickpockets, and the Nationalist Snake in the Moral Grass

Like nearly all economists, I am inclined to explain to people who favor tariffs that such taxes entail inefficiencies. They make the consummations of otherwise desirable trades more costly and hence discourage people’s actions...

What If Food Distribution Worked Like Public Education?

An Analogy One of the most important things to consider when buying a house is the quality of the grocery district. As the name implies, the grocery district determines which public grocery store you and your...

Taming IRS Imperialism

In the tiny Caribbean nation of Trinidad and Tobago, Kamla Persad-Bissessar, the leader of the opposition coalition in parliament, recently did something no other world leader has done: She read the U.S. Republican Party...

Federal Spending Grew More Under Bush and Reagan than Under Obama

Now that 2016 is gone and President Obama is a thing of the past, we can take a look back at just how much government spending grew during his tenure. It seems that in his...

Would you like the $9,400 CT scan or the $450 CT scan?

We're not all careful. Some of us ride motorcycles on the highway,… recklessly. A nephew ended up at a Level I trauma center in Houston, Texas, in March of 2016 as a result. He...

Highway Robbery Gets Presidential Seal of Approval

Donald Trump is going after one of the few issues proven to be a unifier across party lines: civil asset forfeiture. This legal tool allows law enforcement to seize money and physical property from those...

The Heart of Nazism Was National Self-Sufficiency

The essential point in the plans of the German National Socialist Workers’ party is the conquest of Lebensraum for the Germans, i.e., a territory so large and rich in natural resources that they could...

Into the Abyss: Is a U.S.-China Trade War Inevitable?

Never have the U.S. and Chinese economies been more interdependent than they are today. Never has the value of the bilateral trade and investment relationship been greater. Never has the precarious state of the...

Why Duterte’s Drug War Will Fail, Based on Economics, Experience

President Rodrigo R. Duterte’s war on drugs is doomed to fail, based on the experience of other countries that have taken the same approach to the illicit trade, as well as on economics. This is...