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Tag Archives: fiscal policy

Secret Videotape of Obama Cabinet Meeting Unveiled!

Secret Videotape of Obama Cabinet Meeting Unveiled!

The headline of this post might not be completely honest. Indeed, if you asked me to grade the accuracy of my title, I’ll admit right away that it falls into… Read more »

Sweden, Spending Restraint, and the Benefits of Obeying Fiscal Policy’s Golden Rule

Sweden, Spending Restraint, and the Benefits of Obeying Fiscal Policy’s Golden Rule

When I first started working on fiscal policy in the 1980s, I never thought I would consider Sweden any sort of role model. It was the quintessential cradle-to-grave welfare state,… Read more »

A Fiscal Lesson from Germany

A Fiscal Lesson from Germany

Germany isn’t exactly a fiscal role model. Tax rates are too onerous and government spending consumes about 44 percent of economic output. That’s even higher than it is in the United States,… Read more »

Underwhelmed: Grading the New Tax Reform Plan from the Chairman of the Ways & Means Committee

Underwhelmed: Grading the New Tax Reform Plan from the Chairman of the Ways & Means Committee

To make fun of big efforts that produce small results, the famous Roman poet,Horace, wrote “The mountains will be in labor, and a ridiculous mouse will be brought forth.” That… Read more »

The Missing Data in Krugman’s German Austerity Narrative

The Missing Data in Krugman’s German Austerity Narrative

There’s an ongoing debate about Keynesian economics, stimulus spending, and various versions of fiscal austerity, and regular readers know I do everything possible to explain that you can promote added prosperity by… Read more »

White House Stimulus Report Based on “Keynesian Fairy Dust”

White House Stimulus Report Based on “Keynesian Fairy Dust”

Did you sing Happy Birthday? The nation just “celebrated” the fifth anniversary of the signing of the so-called American Recovery and Reinvestment Act, more commonly referred to as the “stimulus.” This… Read more »

Big Government and Tipping Points: Is America Is Doomed to Become a Failed European-Style Welfare State?

Big Government and Tipping Points: Is America Is Doomed to Become a Failed European-Style Welfare State?

When I give speeches around the country, I often get asked whether it’s time to give up. More specifically, has America reached a tipping point, with too many people riding… Read more »

Message from the Political Class: All Your Money Belongs to Us

Message from the Political Class: All Your Money Belongs to Us

What’s the defining characteristic of our political masters? Going all the way back to when they ran for student council in 6th grade, is it a craven desire to say… Read more »

Goldilocks, Canada, and the Size of Government

Goldilocks, Canada, and the Size of Government

I feel a bit like Goldilocks. No, this is not a confession about cross-dressing or being transsexual. I’m the boring kind of libertarian. Instead, I have a run-of-the-mill analogy. Think… Read more »

A Single Picture to Show that Many Nations Are Economically Doomed

A Single Picture to Show that Many Nations Are Economically Doomed

Over the years, I’ve shared many charts, graphs, and tables to help people understand that the welfare state is fundamentally unsustainable. And, assuming there’s not genuine entitlement reform, many of these… Read more »