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    Obama's Poverty Trap

    (Newscom) Barack Obama has claimed he would lower taxes on 95% of workers — even though more than 40% of tax filers don’t even pay taxes. What he says is true, but what it really means is that he is reintroducing a massive increase in the welfare state, costing about … More

    'Some Sort of World View': Lessons From Saddleback

    If Rick Warren hoped to spark more light than heat at the presidential forum he conducted Saturday evening at his California megachurch, then he succeeded. Americans already had seen “firsts” during the primary season’s flood of debates. The news media chased buzz and ratings by allowing voters to ask candidates … More

    Morning Bell: Faith and Liberty

    The Olympic Games got off to a solemn start last Saturday after a member of the U.S. men’s volleyball team lost a relative who was fatally stabbed while  touring Beijing. Compounding the tragedy, the U.S. team had to scramble to obtain official Chinese permission to bring an English-fluent chaplain to … More

    Biofuels: The World’s Regressive Tax

    The rise in gas prices is reducing the American consumer’s disposable income, forcing a choice between filling up the tank and going out to dinner or taking a trip to the movie theater. But policy implementations in developed countries are doing much more damage internationally, like pushing 30 million people … More

    Free Trade Fact of the Day

    Since the United States abandoned the protectionist policies that helped cause the Great Depression it has been the world leader in bringing free trade to the rest of the world. Since the end of World War II, free trade has lifted billions out of poverty and decreased hunger worldwide But … More

    Free Trade Fact of the Day

    Defending free trade from politicians who “pander to Americans’ suspicion of foreigners,” George Mason University economics professor Tyler Cowen writes in the New York Times: The last 20 years have brought the world more trade, more globalization and more economic growth than in any previous such period in history. Few … More

    Marriage Breakdown Causes Poverty

    Family fragmentation (e.g., divorce and unwed childbearing) in America costs U.S. taxpayers $112 billion a year and over $1 trillion per decade, according to a new study released on Tuesday. “We are confident this is a minimum figure because of the uniformly cautious assumptions built into our methodology,” the lead … More

    And The Poor Get Richer

    In the Wall Street Journal today American University and the University of Nevada at Reno economics professor Brad Schiller offers a great corrective to those who claim inequality is growing in the United States. First Schiller notes that while the share of the pie the bottom 20% of the population … More