Most Western nations have huge long-run fiscal problems because of unfavorable demographics and misguided entitlement programs. That’s the bad news. The good news is that dozens of nations have fully or partially shifted to mandatory private savings as a pro-growth way of modernizing bankrupt tax-and-transfer Social Security systems. But good news in the short run […]
read more...What do John Stossel, Mona Charen, Gary Johnson, Pat Robertson, Cory Booker, and Richard Branson all have in common? And let’s add voters from the states of Colorado and Washington to this list. So what unites this unusual collection of people? They’ve all expressed doubts about the War on Drugs. And that’s a good thing. […]
read more...I’ve written before that Obama’s Solyndra-style handouts have been a grotesque waste of tax dollars. I’ve argued that they destroy jobs rather than create jobs. I’ve gone on TV to explain why government intervention in energy creates a cesspool of cronyism. I’ve even shared a column from Obama’s hometown newspaper that criticizes the rank corruption […]
read more...I’m very worried about America’s fiscal future. Simply stated, data from several sources (BIS, OECD, and IMF) indicates that we face a future Greek-style fiscal crisis unless policy makers implement genuine entitlement reform. Unfortunately, politicians have little incentive to control spending and reform programs if they think that higher taxes are an option. So how […]
read more...I recently speculated whether Detroit’s fiscal problems should be a warning sign for the crowd in Washington. The answer, of course, is yes, though it’s not a perfect analogy. The federal government is in deep trouble because of unsustainable entitlement programs while Detroit got in trouble because of a combination of too much compensation for […]
read more...School choice should be a slam-dunk issue. There’s very powerful evidence that we can provide superior education for lower cost if we shift away from monopoly government schools to a system based on parental choice. Yet some leftists oppose this reform, even though poor and minority kids would be the biggest beneficiaries. Here’s some of […]
read more...If you don’t like the NSA collecting and monitoring all your communications, you probably won’t be thrilled about new technologies that will give government power to monitor where you drive and control how you drive. Let’s look at a couple of options and then ponder which is more offensive. We’ll start with government monitoring of […]
read more...We’re making a tiny bit of progress in the battle against the welfare state. No, policy hasn’t changed yet, but at least there’s growing recognition that maybe, just maybe, it’s not a good idea to pay people not to work. Particularly when you trap them in lives of dependency and despair and undermine progress in […]
read more...I’ve already shared some analysis of Mark Steyn’s libertarian-leaning views on foreign policy, so it’s very timely to see what he just wrote about Syria. Here’s some of his new article in National Review. His humor is sharp, but he makes a very important point. The administration’s ingenious plan is to lose this war in […]
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