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A Lesson for Krugman, et al, about Canada’s Real Fiscal Restraint vs. the United Kingdom’s Faux Austerity
Demonstrating that he’s probably not a fan of Mitchell’s Golden Rule, Paul Krugman recently asserted that fiscal austerity has failed in the United Kingdom. Citing Keynesian theory and weak economics… Read more
According to Obama’s Budget, Burden of Federal Spending Will Be $2 Trillion Higher in 10 Years
President Obama’s budget proposal was unveiled today, generating all sorts of conflicting statements from both parties. Some of the assertions wrongly focus on red ink rather than the size of… Read more
Data in New World Bank Report Shows that Large Public Sectors Reduce Economic Growth
When Ronald Reagan said that big government undermined the economy, some people dismissed his comments because of his philosophical belief in liberty. And when I discuss my work on the… Read more
The Worst Dollar-for-Dollar Spending in DC
Examples of government waste are not hard to find in Washington DC, but identifying the worst, most egregious instances of destructive spending is more difficult. Based on the facts cited… Read more
Notwithstanding Tea Party Election in 2010, Republicans on Capitol Hill Still Susceptible to Big-Government Virus
I’ve written before about the importance of getting rid of the Department of Transportation, and I’ve also written about Republicans getting in bed with big government. So you can imagine… Read more
Classic Cartoon on So-Called Stimulus Is Amusing and Economically Accurate
People often ask why I put so much political humor on this site. The easy answer is that I like a good joke. But I also find that some cartoons… Read more
New Congressional Budget Office Numbers Once Again Show that Modest Spending Restraint Would Eliminate Red Ink
Back in 2010, I crunched the numbers from the Congressional Budget Office and reported that the budget could be balanced in just 10 years if politicians exercised a modicum of… Read more
New Academic Study Confirms Previous IMF Analysis, Shows that Lower Tax Rates Are the Best Way to Reduce Tax Evasion
Leftists want higher tax rates and they want greater tax compliance. But they have a hard time understanding that those goals are inconsistent. Simply stated, people respond to incentives. When… Read more
Europe’s Fiscal Crisis Is Caused by too Much Government, and Deficits and Debt Are Merely Symptoms of that Problem
I don’t expect a good outcome to the European fiscal crisis, largely because nobody seems to understand that the real problem is excessive government spending. The economic illiterates in the… Read more
What’s More Compassionate for the Poor, Dependency or Self-Reliance?
I’ve written a couple of times about the Food Stamp program, citing ridiculous examples of waste, fraud, and abuse. These include: Using food stamps to buy luxury coffee at Starbucks…. Read more
