Economics & Political Systems

The politics of envy

I was excited when I learned that the parents of a student I knew produced a product my family used and enjoyed. His response to me was “Yea, they’re getting rich off you.” He was quite confused when I replied … Continue reading

100 years of the Federal Reserve

Editor’s note: A longer version of this article first appeared at Forbes.com. On Dec. 23, 1913, President Woodrow Wilson signed the Owen Glass Act, creating the Federal Reserve. Looking back, what has the Fed accomplished during the last 100 years? … Continue reading

The progressive income tax turns 100

Editor’s note: A version of this article first appeared at Investor’s Business Daily. Maybe it’s a measure of progressives’ refusal to look back, to always move “forward.” Otherwise, they should be celebrating right now. In fact, President Obama and fellow modern progressives/liberals should … Continue reading