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The Perplexing Durability of Keynesian Economics

The Perplexing Durability of Keynesian Economics

Keynesian economics is a failure. It didn’t work for Hoover and Roosevelt in the 1930s. It didn’t work for Japan in the 1990s. And it didn’t work for Bush or Obama in recent years. No matter where’s it’s… Read more »

Will Chile’s Politicians Ruin the Latin Tiger?

Will Chile’s Politicians Ruin the Latin Tiger?

here aren’t any nations with pure libertarian economic policy, but there are a handful of jurisdictions that deserve praise, either because they have comparatively low levels of statism or because… Read more »

Let Markets Work, even for Folks Who Want to Buy and Sell Human Organs

Let Markets Work, even for Folks Who Want to Buy and Sell Human Organs

Back in 2011, I shared a video making the moral argument that adults should be allowed to buy and sell kidneys. After all, if one person is made better off by selling… Read more »

Say It Ain’t So, Doug! Holtz-Eakin’s Misguided Defense of the Export-Import Bank

Say It Ain’t So, Doug! Holtz-Eakin’s Misguided Defense of the Export-Import Bank

Former CBO Director and now American Action Forum President Douglas Holtz-Eakin is a solid economist and champion of pro-growth tax policy. But no one is perfect, as illustrated in this… Read more »

Sensible Swiss Voters Crush Proposed Minimum Wage Mandate

Sensible Swiss Voters Crush Proposed Minimum Wage Mandate

I’m beginning to think that people from some nations are smarter and more rational than others. That may explain, for instance, why voters in Estonia support fiscal restraintwhile voters in France foolishly… Read more »

Obamacare Could Cause Two Million additional Adults to Leave Labor Force and Become Trapped in Government Dependency

Obamacare Could Cause Two Million additional Adults to Leave Labor Force and Become Trapped in Government Dependency

What’s the worst economic development during Obama’s reign? Some would say it’s the higher tax burden. Some would say it’s the wasteful faux stimulus. Others would say it’s the fiscal nightmare of Obamacare…. Read more »

Copy Sweden or Greece? Learning from the Global Economic Experiment

Copy Sweden or Greece? Learning from the Global Economic Experiment

While theory is important, I suspect most people are more likely to be convinced by real-world evidence. This is why I frequently compare nations when arguing that free markets and small… Read more »

The Economics of Creative Destruction

The Economics of Creative Destruction

In the battle of ideas, supporters of capitalism and economic liberty sometimes face an uphill climb because of a perception of heartlessness. When companies get in trouble, we’re the mean… Read more »

The Growing Threat of a Wealth Tax

The Growing Threat of a Wealth Tax

Allister Heath, the superb economic writer from London, recently warned that governments are undermining incentives to save. And not just because of high tax rates and double taxation of savings. Allister says people are worried about… Read more »

Greedy Politicians Get their Comeuppance as Taxpayers Escape

Greedy Politicians Get their Comeuppance as Taxpayers Escape

If you’re a regular reader, you already know I’m a big supporter of tax competition and tax havens. Here’s the premise: Politicians almost always are focused on their next election and this… Read more »