Can Republicans Stomach the Idea of Free Money?

Since I left the Libertarian Party a decade ago, I have reverted to a more pragmatic and utilitarian vision of liberty, more Milton Friedman and less Murray Rothbard. Way back when I was in high school I was impressed with Friedman’s Negative Income Tax. Today, I want to simplify the idea and have a flat …

A New Series on Criminal Justice

Oops! I forgot to announce it on this What’s New blog: I have started a new series on the main site on criminal justice. Besides the first page of the series, I now have one on the economics of crime, and one on criminal psychology; i.e., I go a bit beyond economics in modeling criminal behavior. …

Tips on Balancing the Federal Budget

For all ye Ron Paul fans who want to abolish the Federal Reserve System and go back to a gold standard, I have sad news for you: the federal budget needs to be balanced first. And not just balanced now and then. It needs to be balances on average. That means surpluses during good years …