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Is Anybody Surprised that Krugman Was Wrong about U.K. Fiscal Policy?
Just like in the United States, politicians in the United Kingdom use the deceptive practice of “baseline budgeting” as part of fiscal policy. This means the politicians can increase spending,… Read more
California’s One-Man Laffer Curve
I’ve already condemned the foolish people of California for approving a referendum to raise the state’s top tax rate to 13.3 percent. This impulsive and misguided exercise in class warfare… Read more
Just Because California Is Terrible, that Doesn’t Mean Texas Is Perfect
Texas is in much better shape than California. Taxes are lower, in part because Texas has no state income tax. No wonder the Lone Star State is growing faster and… Read more
If You Could Reform only One Major Entitlement Program, Which One Would You Pick?
This is a tough question. I obviously want comprehensive reform of all entitlement programs, so selecting just one is a bit of a challenge. Sort of like being asked to… Read more
Debt Limit, Spending Bills, and Picking the Right Fight
In an ideal world, Congress would not raise the debt limit. This would force – automatically and immediately – a balanced budget. More important, it would produce a meaningful reduction… Read more
Based on a Review of Studies Looking at the Impact of Taxes on Growth, Academic Research Gives Obama a Record of 0-23-3
How do you define a terrible team? No, this isn’t going to be a joke about Notre Dame foolishly thinking it could match up against a team from the Southeastern… Read more
Obama’s Dismal Record on Jobs, Captured in a Single Chart and Explained with Common Sense
Economists may not agree on much, but we all agree that economic output is a function of capital and labor. Ask a Keynesian, a Marxist, an Austrian, a monetarist, or… Read more
The Basket Case Sometimes Known as Japan
Good fiscal policy doesn’t require heavy lifting. Governments simply need to limit the burden of government spending. The key variable is making sure spending doesn’t consume ever-larger shares of economic… Read more
Obama’s Hidden $236 Billion Tax Hike
Obama imposed a big tax hike last year. But I’m not talking about the fiscal cliff and the President’s class-warfare trophy of higher tax rates on those evil rich people…. Read more
Havoc Wreaked By FATCA Spreads
As the rest of the world is forced to deal with imperialist US tax policy, Americans and the US economy are continuing to suffer the consequences. We’ve already written about… Read more
