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European Politicians Love the Underground Economy…When It Means They Can Spend More Money

European Politicians Love the Underground Economy…When It Means They Can Spend More Money

Libertarians tend to like – or at least have a grudging respect for – the underground economy. For instance, even if we’re personally very straight-laced, we don’t like government prohibitions against… Read more »

Immorality and the Redistributive State

Immorality and the Redistributive State

Back in 2012, I shared a sadly amusing image about how the modern political process has degenerated into two wolves and a sheep voting what to have for lunch. I was making… Read more »

Scholarly Evidence Shows that Discretionary Spending Undermines Economic Growth

Scholarly Evidence Shows that Discretionary Spending Undermines Economic Growth

I’ve shared lots of data and evidence about the harmful economic impact of government spending. Simply stated, budgetary outlays divert resources from more productive uses.And this results in labor and capital being misallocated, leading to less economic… Read more »

Is the IRS Suffering from “Fewer Resources”?

Is the IRS Suffering from “Fewer Resources”?

The internal revenue service has allowed itself to become a tool of the White House. To be more specific, bureaucrats at the tax-collection agency sought to undermine a free and… Read more »

Herbert Hoover’s Anti-Market Policies Helped Turn an Economic Downturn into a Great Depression

Herbert Hoover’s Anti-Market Policies Helped Turn an Economic Downturn into a Great Depression

There have been many truly awful presidents elected in the United States, but if I had to pick my least favorite, I might choose Herbert Hoover. I obviously have disdain… Read more »

Everything You Need to Know about Government Bureaucracy

Everything You Need to Know about Government Bureaucracy

Since I’ve already created a Moocher Hall of Fame to acknowledge the strangest and most reprehensible examples of government dependency, it’s occurred to me that there also should be a Bureaucrat Hall… Read more »

Paul Martin: The Bill Clinton of Canada, Only Much Better

Paul Martin: The Bill Clinton of Canada, Only Much Better

Imagine how weird it would be if the Cato Institute and Americans for Tax Reform praised Barack Obama for fiscal responsibility. And think how inconceivable it would be for the… Read more »

Spending Restraint Is Good Short-Run Policy and Good Long-Run Policy

Spending Restraint Is Good Short-Run Policy and Good Long-Run Policy

Regular readers know that good fiscal policy takes place when government spending grows slower than the private economy. Nations that maintain this Golden Rule for extended periods of time shrink the relative burden… Read more »

Linear Thinking and the Rahn Curve: Responding to a Critic

Linear Thinking and the Rahn Curve: Responding to a Critic

There’s an old saying that there’s no such thing as bad publicity. That may be true if you’re in Hollywood and visibility is a key to long-run earnings. But in the world… Read more »

Corporate Tax in Japan, Benefits for American Veterans, and Overweight British Kids

Corporate Tax in Japan, Benefits for American Veterans, and Overweight British Kids

The title of this post sounds like the beginning of a strange joke, but it’s actually because we’re covering three issues today. Our first topic is corporate taxation. More specifically,… Read more »