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Tag Archives: fiscal policy

An Under-Appreciated Victory over Obamacare

An Under-Appreciated Victory over Obamacare

Let’s enjoy some semi-good news today. We’ve discussed many times why Obamacare is bad news, whether we’re looking at it from the perspective of the healthcare system, taxpayers, or workers. But it could be worse. Writing in the… Read more »

Obamacare is Bad News for Your Wallet Today and Worse News for Your Wallet Tomorrow

Obamacare is Bad News for Your Wallet Today and Worse News for Your Wallet Tomorrow

I wrote a few weeks ago about the hidden economic damage of Obamacare, particularly the harm to the job market. Today, let’s get further depressed by looking at the ever-worsening fiscal damage… 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 »

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 »

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 »

More Evidence for the Laffer Curve and Lower Corporate Tax Rates

More Evidence for the Laffer Curve and Lower Corporate Tax Rates

When the new Tory-led government came to power in the United Kingdom, I was rather unimpressed. David Cameron positioned himself as a British version of George W. Bush, full of “compassionate… 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 »

France Wipes Out on the Laffer Curve

France Wipes Out on the Laffer Curve

If you appreciate the common-sense notion of the Laffer Curve, you’re in for a treat. Today’s column will discuss the revelation that Francois Hollande’s class-warfare tax hikes have not raised nearly as much… Read more »