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‘Instruction by which we may profit’: A guide to reading Tocqueville’s ‘Democracy in America’ (Part 1)

When Alexis de Tocqueville authored Democracy in America, a two-volume treatment of America, he wrote it “to find there instruction by which we ourselves may profit.” By “we,” Tocqueville was referring to his fellow Frenchmen, but although he may have written those words in 1835, we as Americans of the 21st century also have plenty to profit from Tocqueville’s wisdom, if we’ll but receive it. Continue Reading...

PowerLinks 03.15.17

Yes, It’s Better To Be Poor In The Mississippi Delta Than In Bangladesh John Daniel Davidson, The Federalist Nobel laureate Angus Deaton recognizes the plight of America’s poor, but he’s reluctant to say the poor are often the authors of their own misfortune. Continue Reading...

5 Facts about the Congressional Budget Office (CBO)

On Monday the Congressional Budget Office (CBO) released its report on the projected effects of the House Republican plan to replace the Affordable Care Act. Here are five facts you should know about the federal agency that “scores” legislation: Congressional Budget Office / Public Domain 1. Continue Reading...

Economist as prophet vs. savior

What do economists actually know? What can they possibly know? Assuming his usual role as the insider skeptic, economist Russ Roberts ponders those questions at length, concluding that far too much economic analysis is conducted and promoted with far too little humility. Continue Reading...

PowerLinks 03.14.17

Frederick Douglass Hated Socialism Damon Root, Reason.com He stood for natural rights, racial equality, and economic liberty in a free labor system. At the heart of his worldview was the principle of self-ownership. Continue Reading...

What are the unintended consequences of American protectionism?

Protectionism is often associated with patriotic zeal and concern for America. While citizens should certainly have concern for their nation, protectionist measures do not necessarily secure the economic results desired. Acton’s director of research, Samuel Gregg, writes about the unintended effects of protectionism in a recent article for The Stream. Continue Reading...