Magazine September 22, 2014, Issue

State Capitols vs. Capitalism

An Inquiry into the Nature and Causes of the Wealth of States: How Taxes, Energy, and Worker Freedom Change Everything, by Arthur B. Laffer, Stephen Moore, Rex A. Sinquefield, and Travis H. Brown (Wiley, 368 pp., $29.95)

In the first chapter of this book, its co-authors offer the economic history of New Jersey as “a colorful example of opportunity wasted.” During the 1950s and 1960s, New Jersey’s population growth exceeded the national average. “Then, in 1966, New Jersey adopted the sales tax,” they write, “and in 1976 the income tax. Fast-forward.” At this point, the authors — supply-side guru Arthur Laffer, Heritage Foundation chief economist Stephen Moore, investor Rex Sinquefield, and consultant Travis Brown — describe New Jersey’s fiscal meltdown in 2009 under Governor Jon Corzine, which they attribute to “years of tax increases, welfare expansion, and

In This Issue

Articles

Politics & Policy

The Unrealist

Even before his presidency began, Barack Obama articulated a foreign-policy course markedly different from that of his immediate predecessors. Not only did he present himself as the anti-Bush, but he ...

Features

Books, Arts & Manners

Politics & Policy

Looking for Tom

I do not know much about gods; but     I think that the river Is a strong brown god — sullen,     untamed and intractable.            — T. S. Eliot, “The Dry Salvages” London was ...
City Desk

Look in the Mirror

All these columns are about some place! But this column is about the Twitterverse! Twitterverse is no place! Its strings of words and spaces <140 characters! You see your margin shrink ...

Sections

Politics & Policy

Letters

Immigrant Entrepreneurs I read with interest the article by Jay Nordlinger, “The State of Maine,” in the August 11 issue. He discusses, among other things, the recent influx of Somali immigrants. ...
Politics & Policy

The Week

‐ President Obama says the United States will not tolerate Russia’s “brazen assault” on Ukraine. A discrete, tactful assault, on the other hand . . . ‐ That was quick. In ...
Athwart

Golden Oligarchy

The world is a curious place where coincidences abound, but there’s something suspicious about the timing here: As relations between the West and Russia curdle and rot, McDonald’s restaurants are ...
Politics & Policy

Poetry

BLUE MOUNTAINS Modest as mountains go, they have a charm in that close-to-home majesty, surmounted by a spine of falling away bald rock, dangerous as any siren song of explorer’s imagining, with plenty of room for ...
Politics & Policy

And Now You May Laugh

I presume there is a healthy overlap between Emmy viewers and NR readers, so apologies for covering well-worn territory. However, those of you who missed last month’s awards show failed ...

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