Michael Chapman
@MWChapman
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Senior Editor at the Cato Institute. https://t.co/Me1jM2MnAw "The difference between a welfare state and a totalitarian state is a matter of time." (Views my own.)
East Coast
Joined August 2023
For the holidays, some books that inspired me: Road to Serfdom, Animal Farm, Free to Choose, and more:
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Days after @Microsoft said it would move jobs out of Washington if targeted for more taxes, @WAHouseDems announced they will introduce a massive new tax on businesses as early as Monday. That's on top of $12B in news taxes approved by @GovBobFerguson earlier this year.
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“The great achievements of civilization have not come from government bureaus. Einstein didn’t construct his theory under order from a bureaucrat. Henry Ford didn’t revolutionize the automobile industry that way.” — Milton Friedman
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Canada chose regulations. Businesses chose to exit.
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Javier Milei @JMilei quoting Hayek’s famous line “If socialists understood economics, they wouldn’t be socialists.” https://t.co/DqfJzIt8bv
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This Thanksgiving week, we’re feeling thankful for ideas that stand the test of time. ✨ Meet the 18th-century rebels whose writings inspired the Cato Institute—and helped shape the cause of liberty.
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Many American kids fail to learn to read! But in the poorest state, scores shot up. They call it the Mississippi Miracle. How is that possible? Here's the reason:
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“Whenever commerce is introduced into any country, probity and punctuality always accompany it. These virtues in a rude and barbarous country are almost unknown.” - Adam Smith 🤔
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The anti-slavery movement was most led and supported by capitalists and industrialists. Excerpting thread here: https://t.co/E3iOQB4b3n Full paper here: https://t.co/4xhVPesNYp (Among religious sects: Quakers strongly involved. Other religious sects, not much or not at all.)
The abolition of slavery was advanced by Capitalists and industrialization. British MPs who were industrialists or were sons of industrialists were the most supportive of anti-slavery bills. For other elites, there was "no correlation between attitudes towards abolition and
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Your liberty is the price you pay for "free stuff".
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Young Americans Like Socialism Too Much—That’s a Problem Libertarians Must Fix https://t.co/iaCDSN9MVq via @CatoInstitute
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The answer is education. And not the kind dispensed by most high schools, universities, Hollywood scripts, or Netflix documentaries. It must come from those who understand the foundations of liberty.
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“To do evil, a human being must first of all believe that what he’s doing is good.”
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Thanksgiving has never been more affordable. Though nominal prices have risen over the decades, nominal wages have risen much faster, meaning today’s workers spend far less time earning their holiday meal than previous generations did. Thanks to innovation, productivity, and
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🚨 “Exceptions” cannot become the rule. In Scullark v. Iowa, police searched—without a warrant—a fanny pack that Patrick Scullark had already handed to a friend. Cato’s Laura Bondank and Matthew Cavedon call on the Supreme Court to grant Scullark’s petition and reaffirm the
cato.org
The Supreme Court should take Scullark’s case as an opportunity to provide all citizens with meaningful Fourth Amendment protection.
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FACT CHECK: 73% of people detained by ICE have no convictions. Contrary to White House claims, only 5% of people detained by ICE have violent convictions—73% have no convictions. Also, President Trump recognizes that deporting good workers is hurting the US economy. ICE
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For nearly a century, Congress and the FDIC have created a complex web of banking regulation and ever-increasing costs for Americans. In the name of supporting community banks, some policymakers are proposing to increase FDIC deposit insurance to $10 million. Join us on
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My latest @CatoInstitute blog post is up, and this is a favorite topic of mine. It's the return of #FridgeTwitter! Fridges today are bigger, more affordable to buy, more efficient to operate, and haven't lost much in longevity. https://t.co/eUY5wAnt1f
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