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The Economic Future of China and Hong Kong

The Economic Future of China and Hong Kong

I’m currently in Asia, where I just finished a series of speeches about economic policy in China and Hong Kong. These two jurisdictions offer very powerful lessons about the importance… Read more »

For State Policy Makers, the Simple (Anti) Tax Solution for Faster Growth

For State Policy Makers, the Simple (Anti) Tax Solution for Faster Growth

When people in other nations ask me for evidence in favor of low taxes, I often will ask them to compare the economic performance of a high-tax nation like France with… Read more »

Piketty’s Class-Warfare Tome: Bad Numbers, Bad Analysis

Piketty’s Class-Warfare Tome: Bad Numbers, Bad Analysis

Why do statists make so many mistakes with data? Paul Krugman, for instance, has butchered numbers when writing about fiscal policy in nations such as France, Estonia, Germany, and the United Kingdom. But Krugman… Read more »

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 »

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 »

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 »

The Amazing Hockey Stick of Economic Progress

The Amazing Hockey Stick of Economic Progress

Back in 2010, I shared a remarkable chart showing how quickly economic output doubles in a fast-growth economy, but it also showed how long it takes for GDP to expand if an… Read more »

The Hidden Economic Damage of Obamacare

The Hidden Economic Damage of Obamacare

Obamacare resulted in big increases in the fiscal burden of government(ironically, it would be even worse if Obama hadn’t unilaterally suspended parts of the law). The legislation increased government spending, mostly for expanded Medicaidand… Read more »

Obama-Style Taxation Is Causing an Economic Train Wreck in Europe

Obama-Style Taxation Is Causing an Economic Train Wreck in Europe

I wrote the other day that Americans, regardless of all the bad policy we get from Washington, should be thankful we’re not stuck in a hellhole like Venezuela. But we also should… Read more »