Aggregating the best in libertarian news daily from a number of leading sites:
The Beacon, FEE, Laissez-Faire, Lew Rockwell, Personal Liberty,
Reason, Scott Adams & Sex & The State. See our Sources

Principal-agent Theory and Representative Government

In recent decades economists have devoted great efforts to the analysis of the principal-agent problem (see for example Milgrom and Roberts 1992 and the Wikipedia article on “Principal-agent Problem”). This area of study has to do with the incentives and disincentives of an agent acting on half of a principal that he is presumed or…
Read More »

Read More →
Localize, Don’t Federalize, Educational Choice

Parental choice in education has many advantages, as we see in the growing majority of states with choice programs. Yet using the federal government to expand educational choice is risky, as The Heritage Foundation’s Linsdey Burke, The Cato Institute’s Neal McCluskey, and I explain in our Washington Post editorial. The Trump administration has made clear that it wants to…
Read More »

Read More →
Parental Choice Smear Campaign Falls Flat

Opponents of parental choice in education have been in overdrive portraying private school scholarships (and by association, those who support or use them) as racist to diminish their popularity. Results from a new national poll suggest opponents’ strategy isn’t working. According to the 11th annual Education Next  poll public support for a variety of private…
Read More »

Read More →
Tax Reform V: Eliminate the Estate Tax

The estate tax amounts to a penalty on the heirs of those who have accumulated wealth over their lifetimes. It raises less than 1% of federal revenues, so it provides almost no benefit to anybody, but imposes a big cost on a few. There are many ways for the wealthy to avoid the estate…
Read More »

Read More →
Tax Reform IV: Corporate Tax Reform

The United States has one of the highest corporate income tax rates in the world. While both the Obama administration and Trump administration have criticized American companies for moving operations off-shore, and considered a variety of policies for punishing them if they do. A better approach would be to design policies that make it…
Read More »

Read More →
Tax Reform II: Lower Rates; Eliminate Deductions

As Congress considers tax reform, the focus on the personal income tax should be to lower rates and eliminate all deductions except for a standard deduction that applies to everyone. Lower rates enough to offset the increased revenue from eliminating deductions, and set the standard deduction at a level that raises the same amount…
Read More »

Read More →
The School Choice Deplorables

Are you now, or have you ever been, a supporter of the right of parents to choose their children’s schools? Then you’re a school choice deplorable. At least, that’s what some school choice opponents want us to believe. It’s no secret that President Trump and Education Secretary Betsy DeVos are long-time school choice supporters….
Read More »

Read More →
Tax Reform I: Expand the IRA

As Congress turns its attention to tax reform, one desirable change would be to expand the availability of IRA accounts to more taxpayers, with higher limits, and for purposes other than retirement. I’ll follow up with more tax reform recommendations in later posts, and apologize for making my first suggestion a somewhat technical one….
Read More »

Read More →
Is Jeff Sessions Still Attorney General?

A few weeks ago I was hopeful that Jeff Sessions was on his way out as Attorney General, because President Trump didn’t like his recusing himself on the Russia investigation or the appointment of special counsel Robert Mueller. But that has nothing to do with my hopes for a short tenure for the attorney…
Read More »

Read More →
50 Years Ago Today: The Detroit Riot and the Decline of Civil Rights Liberalism (II)

Throughout American history, government at all levels has used race to categorize, enslave, segregate, regulate human behavior, and limit immigration with “nationality” quotas that served as substitutes for race. Categorizing by race was essential to racist agendas.

In response, classical liberal civil rights activists struggled to eliminate government-mandated racial categories. They were anything but naive: racism was real, categories or no categories, but the government stamp of approval made things worse–and caused constant mischief in the ever increasing addition of group categories in the census or in immigration statutes. The only feasible solution was the most radical one: the complete elimination of government racial categories. Individuals might discriminate but would no longer have the support of the State. With time, classical liberals felt, the irrationality of racism and xenophobia would give way to better human relations.

Read More →