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The Spirit of Resistance

In a stunning development, Speaker of the House John Boehner was forced Thursday night to drop his “Plan B,” a bill that would have raised the top marginal rate on people with incomes over $1 million. The theory was that Boehner could undermine President Obama’s position in the fiscal cliff bargaining by caving in to […]

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In the Field

Egypt’s Rebellion Against “Islamic Democracy” Back in June, I wrote an article on “The Old Regime and the Egyptian Revolution,” a takeoff of Alexis de Tocqueville’s book The Old Regime and the French Revolution, in which he described how the French Revolution failed to change the basic structure of French government, lapsing back into the […]

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Bizarro 2004

Part 2: The Man Who Wasn’t There The best analogy I have heard for the election is that it was Bizarro 2004. It’s a reference to an old plotline from Superman cartoons about a kind of alternative Earth where everything is the opposite. The idea is that this is just like the 2004 Bush vs. […]

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Bizarro 2004

Part 1: What Didn’t Cause Mitt Romney to Lose Last week, I posed three big questions about why advocates of free markets and limited government don’t seem to be able to gain support among the young, racial minorities, and city dwellers. I’m going to get to my own answers soon. In the meantime, thanks to […]

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Bondmageddon

In seeking to save the economy from the consequences of one economic bubble, the top political and economic leadership of the country has created another, more dangerous one—and hardly anyone is talking about it. In fact, some of the charlatans who pose as economic commentators are assuring us that the looming disaster is actually good […]

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The Parasite That Kills Its Hostess

The news about the bankruptcy of Hostess, maker of the Twinkie and other legendary junk foods, touched off some memories of growing up in a mid-sized Midwestern town in the 1970s and ’80s. No, not that kind of memory, though come to think of it, the 1980s was the last time I actually ate a […]

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“You May All Go to Hell, and I Will Go to Texas”

The End of an Era, Part 3 This article is continued from a previous edition of The Tracinski Letter. We can take some comfort in the fact that it is often in time of gravest extremity that the best minds have originated and advocated the ideas we need. In 1991, it was a financial crisis […]

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The Road to Greece

The End of an Era, Part 2 This article is continued from the previous edition of The Tracinski Letter. When Obama was first elected, amidst a wave of bailouts, re-regulation, union payoffs, and central planning, I described what we were going through as “20th Century Lite.” We had been told to forget all of the […]

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20th Century Lite Gets Heavier

The End of an Era, Part 1 This election signals the end of an era, a roughly 30-year political-cultural trend that we can call the Reagan era after the man who was swept into office by it and stood as its advocate and then as its symbol for so many years. This era was a […]

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The Other Side Gets a Vote

As I write this, it is approaching midnight, and it is clear that President Obama has very narrowly won re-election. I mean very narrowly. As I write, he is only one-tenth of a percentage point above Mitt Romney in the popular vote count (49.3% to 49.2%). Many votes from the West Coast are still being […]

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