This month’s 100th anniversary of the Russian Revolution is an appropriate occasion to remind us of the human atrocities committed by communist regimes. But we also should take time to reflect on the progress that has occurred since the fall of the Soviet Union and its socialist economic system in 1991.
Benjamin Powell | All Articles
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Benjamin Powell is an associate professor of economics at Suffolk University in Boston and a senior fellow with the Independent Institute, Oakland, CA.
Tuesday’s vote on San Francisco’s affordable-housing ballot initiatives will do little to make housing more affordable. San Franciscans didn’t vote poorly. There just were no ballot initiatives aimed at cutting back the restrictions that have made the city, and much of the Bay Area, unaffordable for many Americans.
Will chronic fiscal troubles prompt Greece to leave the Eurozone and possibly the European Union? It’s an urgent question, but it’s even more important for us to acknowledge that the European Union’s problems are not uniquely Greek. Deeper concerns should prompt us to rethink the wisdom of the Eurozone itself.
The number of annual drug-related deaths in Mexico quadrupled from 2,300 in 2007 to 11,000 in 2010, largely as a result of the Mexican government’s stepped-up enforcement efforts. Those efforts have also increased the number of drug-related deaths in neighboring Guatemala, where many Mexican drug cartels have sought refuge from the Mexican police. Now, the leaders of both countries are saying that the only way to end the violence is to legalize drugs.
When it comes to political posturing, the current fight over extending this year’s payroll tax cut is a classic.