When George H. Bush ran for reelection against Bill Clinton and lost many of his supporters from his first campaign could not vote for him because he so betrayed his campaign pledge, “Read my lips, no new taxes.” He raised

The ‘Myth of the Rational Voter’ by Bryan Caplan offers an enlightening explanation of our political reality. 1. Unlike market behavior voting behavior is irrational because the cost of being irrational is low. Unlike your decision on how to spend

The Republicans have been so dismembered that they will have little influence on Obama’s administration. He will likely find his real opponents within this own party. When Clinton was first elected the party pushed too far left, primarily with Hillary

from the speech by Michael Mukasey at the Federalist Society just before he passed out and was taken to a hospital (he is fine.) as reported in James Taranto in the WSJ Earlier this year, the head of a legal

Voters act rationally in markets. They will research and study purchases and trading partners that will have an impact on their satisfaction with the decision. When a consumer buys a car they probably know the horsepower, the mileage and can

From Peggy Noonan’s “Patriotic Grace” It would be good to have the most visible symbols of our country, the President and the Congress, be clean. So often they seem not to be. They seem scandal-ridden, or an embarrassment, or seem