Just over 100 years ago (October 28, 1919), the National Prohibition Act became law. Better known as the Volstead Act, it outlawed the manufacture, transportation, and sale of alcoholic beverages in the United States. Prohibition failed to end alcohol consumption and was repealed on December 5, 1933. In a book on prohibitions, John Meadowcroft of King’s College in London offers several “generic lessons and implications.” The United States’ experience with Prohibition illustrates them all. 1. Interest Groups Are Crucial to Prohibition There was no great clamor for Prohibition. Instead, it was...
Proof That “the Rich” Aren’t Going to Fund the Tidal Wave of New Spending
So, $47 billion on free college tuition; $1 trillion for new infrastructure; $1.4 trillion to write off student loan debt; at least $7 trillion on a Green New Deal; $32 trillion on “Medicare for All.” By one estimate, these new spending proposals total an estimated $42.5 trillion over the next decade. And this is on top of federal budget deficits, which are projected to rise from $779 billion to $1.37 trillion annually over the same period. Who is going to pay for all this? "The Rich" Won’t Pay for It All “The rich” is one currently popular answer. New York’s high-profile Rep. Ocasio-Cortez...