How Government Policy Impacts Our Lives

The Addictors: How Much Pain?

I am wrestling with and may change my position on legalizing drugs, which I never would have imagined just a few years ago.  Let me explain. Addictions, when acted upon, usually hurt people, cost a lot, and destroy relationships. The worst addictors today appear to be drugs, alcohol, pornography, and gambling. For different people each of these can be debilitating and destructive.  The addict knows it.  But he or she goes ahead anyway—that is the definition of an addiction—unless transformed...

The Time Bomb of a Nation without Fathers

Over the last several years I’ve worried about the underappreciated critical value of fathers to families, but a recent experience has multiplied that concern exponentially. Up until now I’ve been concerned about two situations: 1. In societies where multiple current wives are permitted, the problem is the competition between the children of the various wives, all vying for the attention and approval of the aloof father. Some are pegged as winners in this contest, and others as losers. In our...

Tax Leadership Begins at Homes

My career focus has been on commercial real estate for almost forty years, and I am therefore tangentially interested in the housing market—and I also own a home with a mortgage. I must be missing something about the home mortgage interest deduction (MID). Real estate people are supposed to stand for free enterprise, individual initiative, and fair dealing. How does a vested-interest tax break help further those ideals? I’m disappointed in our industry’s business-as-usual reaction to the...

How Public Policy Can Affect Almost Everything

For those of you who have studied F. A. Hayek for years, my recent epiphany (see earlier post) must seem almost laughable. Like a music historian who, after forty years in the field, suddenly discovers Tchaikovsky. Though written almost seventy years ago, The Road to Serfdom is rich with truth. Hayek focuses on economics and government, but the repercussions of policy spill over into areas far removed from their original narrow intent. He correctly predicts in Chapter 14 how government actions...

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