Bigger Government Means Bigger Fraud: Minnesota’s Billion-Dollar Lesson in Incentives

“The fraud scandal that rattled Minnesota was staggering in its scale and brazenness,” The New York Times reported in a bombshell article on November 30. “Over the last five years, law enforcement officials say, fraud took root in pockets of Minnesota’s Somali diaspora as scores of individuals made small fortunes by setting up companies that … Read more

HL Mencken Knew Politicians: ‘Merchants of Delusion’

Rare is the day that passes during which I don’t, at least once (and usually more than once), say to myself, “Omigosh, I do wish that HL Mencken were still alive and active; he’d have a field day commenting on this particular politician or that tempest du jour.” There’s no question that if I could … Read more

A ‘Clean Energy Race’ With China? Only If You Ignore The Coal.

Whether China will build a hundred new coal plants in 2025 is uncertain. Nobody, including Mr. Bessent, has a crystal ball. Yet his larger point about China is correct. Though China is often lauded as a world leader in renewable energy (and in some ways it is), in recent years it has ramped up coal … Read more