If you’re a libertarian, you generally don’t act and think like other people. Most folks, when they heard about Governor Christie’s bridge-closing scandal, focused on the potential political ramifications. But not me. My immediate reaction was to think that the problem could have been avoided if the bridge and its various entry points were privately […]
read more...According to the most recent numbers from the Bureau of Labor Statistics, the unemployment rate has dropped to 6.7 percent. Is this good news? Well, it’s depends on your benchmark. Compared to France’s anemic economyand double-digit levels of unemployment, America is in decent shape. But if you use data from the Minneapolis Federal Reserve to compare the current business cycle […]
read more...There’s an old joke about two guys camping in the woods, when suddenly they see a hungry bear charging over a hill in their direction. One of the guys starts lacing up his sneakers and his friend says, “What are you doing? You can’t outrun a bear.” The other guys says, I don’t have to […]
read more...I’ve posted hundreds of charts over the past several years, including on favorite topics such as tax code corruption and counterproductive government spending. But arguably the most powerful and compelling chart I’ve ever shared is on the topic of education. Prepared by my Cato colleague, Andrew Coulson, it shows that massive increases in spending and bureaucracy (which accompanied increasing federal involvement […]
read more...The title of today’s column may not make much sense if you’ve never watchedThe Producers, a 1960s Mel Brooks comedy featuring Gene Wilder and Zero Mostel, but you’ll soon see the connection. That’s because we’re going to laugh at Obamacare, otherwise known as the gift that keeps on giving, and Hitler is part of our […]
read more...My favorite Heritage Foundation publication (other than…ahem…my studies on government spending and the flat tax) is the annual Index of Economic Freedom. Like the Fraser Institute’s Economic Freedom of the World and the World Economic Forum’s Global Competitiveness Report, the Index is a broad measure of liberty to engage in voluntary exchange in a system of secure property rights and honest government. […]
read more...Last June, in response to a question about indiscriminate spying by the National Security Agency, I made two simple points about the importance of judicial oversight and cost-benefit analysis. I want – at a minimum – there to be judicial oversight whenever the government spies on American citizens, but I also think some cost-benefit analysis is appropriate. […]
read more...Every so often, I share stories about the ridiculous and outrageous way in which the federal government squanders our money. So when I saw this New York Post story about the feds pissing away a six-figure sum on condom research, I figured this would be a perfect addition to my collection of government waste stories. The federal government is […]
read more...If you ask an economist about the difference between capitalism and socialism, you’ll probably get a boring answer about the size of government, the impact on incentives, and the power of the state. Or maybe you’ll get a nit-picking answer, sort of like when I explained that Obama technically isn’t a socialist. That’s why it’s sometimes […]
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