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Medicaid’s Financing Merry-Go-Round
Medicaid, which provides health-related welfare benefits to low-income individuals, is jointly financed by the federal and state governments. Before Obamacare, the split was 50/50 for rich states, but...
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What Is to Be Done with Health-Insurance Exchanges, Post-Obamacare?
Any time a Republican politician suggests that there is anything positive in Obamacare, the media are eager to declare that this means the Republican establishment is backing away from repealing the...
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Gordon Tullock and the Transitional Gains Trap
Gordon Tullock, who died on Monday at the age of 92, was along with his longtime colleague James Buchanan, the founder of the modern field of public choice, which during the past fifty years has...
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Death Valley? Peter Thiel and Steve Jobs on What Could Kill Silicon Valley
Peter Thiel speaking at Independent Institute event on January 27 On January 27, legendary entrepreneur Peter Thiel told a packed house at an Independent Institute luncheon, at the Olympic Club in San...
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The Costs and Benefits of Ethanol
Here’s a back-of-the-envelope calculation on how much the mandate to require ethanol in motor fuel costs consumers, and benefits farmers. This article notes that in 2000 about 5% of the corn crop went...
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Campaign Finance Reform—After I’m Elected
Who knew that the New York Times had embraced irony? In a news piece—not its opinion page—”Clinton Fundraisers Show Scope of Family Network“: WASHINGTON — Hillary Rodham Clinton is tapping some of the...
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The Ex-Im Bank Redux
Adam Smith, the first and still best of all of the world’s economists and moral philosophers, once wrote in opposition to all systems of “preference and restraint”. That lesson is lost on most...
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