welfare state


What to Celebrate on Independence Day

July 4, 2014

America came as close as any society has ever come to establishing an exclusively rights-protecting government. Americans were almost fully free to live their own lives, by their own judgment, for their own sake. This is the moral ideal we should embrace and redouble our efforts to achieve.

Stockton Ain’t All that’s Bankrupt

April 4, 2013

The California city of Stockton has declared bankruptcy. Why? The Los Angeles Times reports a major reason: “The $900 million Stockton owes to the California Public Employees’ Retirement [CalPERS] System to cover pensions is its biggest debt—as is the case with many cities in California.” CalPERS reports that nearly a. . . Continue »