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Debunking the Sloppy and Inaccurate Economic Argument for Export Subsidies

Debunking the Sloppy and Inaccurate Economic Argument for Export Subsidies

The Export-Import Bank is noxiously corrupt example of crony capitalism. It never should have been created. But that’s something we could say about most government programs. So the real question is how… Read more »

It Doesn’t Seem Possible, but France Is Going from Bad to Worse

It Doesn’t Seem Possible, but France Is Going from Bad to Worse

Remember when Paul Krugman warned that there was a plot against France? He asserted that critics wanted to undermine the great success of France’s social model. I agreed with Krugman, at… Read more »

Europe’s Problem Is Excessive Spending, not Austerity

Europe’s Problem Is Excessive Spending, not Austerity

It’s remarkable to read that European politicians are agitating to spend more money, supposedly to make up for “spending cuts” and austerity. To put it mildly, their Keynesian-based arguments reflect a reality-optional… Read more »

Australia’s Worrisome Fiscal Drift

Australia’s Worrisome Fiscal Drift

I’m in Australia for Consilium, an annual conference which is hosted by the Centre for Independent Studies. I spoke on fiscal policy and pontificated on the need for nations to restrain government… Read more »

The Federal Bagpipe Police?!?

The Federal Bagpipe Police?!?

I’ve shared horror stories about government thuggery and I’ve shared horror stories about government stupidity. Thanks to Mark Steyn, we have a story that exemplifies both the brain-dead nature of the public sector… Read more »

Lower Tax Rates > Targeted Tax Credits

Lower Tax Rates > Targeted Tax Credits

Some folks on the right in Washington, generally known as reformicons (short for reform conservatives), want the Republican Party to de-emphasize marginal tax rate reductions and instead focus on providing… Read more »

The Medicare Money Pit of Waste, Fraud, and Abuse

The Medicare Money Pit of Waste, Fraud, and Abuse

Since I primarily work on fiscal policy, I normally look at the budgetary impact of entitlement programs. And the numbers are very grim. But I’m also an economist, so I periodically comment… Read more »

Another Victory for the Laffer Curve, this Time over the Lifestyle Puritans

Another Victory for the Laffer Curve, this Time over the Lifestyle Puritans

What do cigarettes and capital gains have in common? Well, they both start with the same letter, so maybe the Cookie Monster could incorporate them into his favorite song, but I’m… Read more »

Secular Stagnation Is the Unwelcome and Predictable Consequence of Bad Policy and Big Government

Secular Stagnation Is the Unwelcome and Predictable Consequence of Bad Policy and Big Government

I shared a chart back in February that shows how long it takes to double GDP based on different growth rates. For instance, if the economy grows only 1 percent per year,… Read more »

Some Praise for a Minor Part of Obamacare

Some Praise for a Minor Part of Obamacare

I like to think that very few people despise Obamacare more than me. I don’t like Obamacare because it’s a fiscal boondoggle. I don’t like Obamacare because it’s bad healthcare policy. I don’t like… Read more »