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What Are Republicans For?

What Are Republicans For?

At his ill-fated press conference last week, President Biden threw out a challenge to his Republican critics. Biden said, “Think about this: What are Republicans for? What are they for? Name me one thing they’re for.” Asked what his agenda would be if Republicans regained control of Congress, Senate minority leader Mitch McConnell replied that it was “a very good question. And I’ll let you know when we take it back.”

Is that the best response the GOP can muster? What about being for no inflation, no shortages, no more lockdowns, safe neighborhoods, secure borders, energy independence and a foreign policy that doesn’t confuse our allies and embolden our enemies?

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Financial Planning for Dummies

Financial Planning for Dummies

Most people are really bad at personal, financial planning. The people who make these mistakes are not just ordinary folks. They include highly educated, sophisticated people – including virtually all economists and Wall Street analysts. They almost certainly include you, the reader. So why do so many people get so many things wrong?

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Is Democracy Under Siege?

Is Democracy Under Siege?

It’s the one thing that both the left and the right agree on: Democracy is being threatened as never before. The problem: Each side thinks the threat is coming from the other side. Evidence suggests that it is the threat from the left that should be the most worrisome, however. From using the FBI to spy on their enemies to using the IRS to release individual individual tax returns to criminalizing political differences and trying to imprison their opponents – it’s the anti-Trump forces that threaten to turn us into a banana republic.

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Why BBB Would Be Hazardous to Your Health

Why BBB Would Be Hazardous to Your Health

The Build Back Better proposal is a 2,466-page bill with a realistic price tag of $4.7 trillion. Although it appears to be dead on arrival in the Senate, its backers hope to revive most of it. John Goodman says there are good reasons to hope they fail.

One reason is drug price controls. With lower returns to new drug development, there will be fewer lifesaving drugs. University of Chicago economist Tom Philipson estimates that the resulting loss of life would be 31 times as great as Covid-19 to date.

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Financial Planning for Dummies

Kotlikoff’s New Book

Most people are really bad at personal, financial planning. Among the mistakes: they save too little or they save too much; they buy the wrong amount of life insurance; they leave great sums of Social Security benefits on the table; they pay more in taxes than they should, etc.

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Is BofA Defrauding Small Business?

Is BofA Defrauding Small Business?

Imagine you’re a small business owner at the outset of Covid and learn that you can keep your workers employed and stay in business thanks to the Payroll Protection Plan enacted by Congress. Further imagine your bank is the Bank of America…. Some ten months later, when everyone else is receiving forgiveness on their PPP loans, you start contacting the Bank of America for confirmation that your loan has been forgiven. What you get is months of stonewalling ultimately followed by a declaration that your PPP loan never qualified for forgiveness.

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How the States Can Reform Health Care

How the States Can Reform Health Care

In most places the state employee health plan is one of the largest, if not the largest, health plan in the state. So, state legislators who want to reform health care should start with the one plan over which they have a great deal of direct control.… Another reform that is long overdue is the elimination of certificate-of-need (CON) laws, which create huge regulatory obstacles to newcomers who want to open a hospital or a nursing home, a drug and alcohol rehabilitation center or even an ambulance service. Studies show that CON laws raise costs and lower quality. For that reason, 15 states have repealed all, or almost all, of them.

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What is Systemic Racism?

What is Systemic Racism?

Human beings are by nature tribal. We are tribal because our ancestors were tribal. Our ancestors were tribal because tribalism had evolutionary survival value. Fifty thousand years ago, our ancestors lived in small communities of about 150 people. These tribes competed with other tribes for resources, and the competition was often violent and brutal. Loyalty to one’s own group and hostility to members of other groups was a valuable characteristic in tribal combat.

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Who Will Pay for Biden’s BBB Agenda?

Who Will Pay for Biden’s BBB Agenda?

More preschool services mean the country has to have less of everything that’s not preschool. More homecare means less of everything that’s not homecare. More free college means less of everything that’s not college.

European countries do this sort of thing with broad-based taxes on wages and consumption. After paying taxes, people have less money to spend on other stuff. The Biden administration, however, wants to pretend that people can have a bundle of new services and keep on consuming as they did before.

The only thing that will reduce the consumption of other stuff under the BBB agenda is higher prices – what ordinary people call inflation.

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A Win-Win Approach to Climate Change

A Win-Win Approach to Climate Change

Public policies to curtail climate change can be a win-win for everyone, including present and future generations, says Goodman Institute Senior Fellow Laurence Kotlikoff in the New York Times. A carbon tax is by far the most efficient way to reduce CO2 emissions, he says. But that should be more than offset by a tax cut for the current generation. Future generations will get the benefit of climate control but they will have to pay off the debt created by the current generation tax cuts.

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