Want to know why – as shown by this map – most of America’s richest counties are part of the metropolitan DC region? Part of the answer is that federal bureaucrats are overpaid. Another part of the answer is that the Washington area is filled with consultants and contractors, and this shadow government workforce also […]
read more...I spoke earlier today at the 2013 Liberty Conference in Lausanne, Switzerland. But I don’t think anybody is going to remember my speech about the collapse of the welfare state, even though I presented lots of powerful data from the BIS, OECD, and IMF, and also shared a very funny cartoon showing what happens when […]
read more...Maybe this means I’m not a nice person (notwithstanding my high score for tenderness in a recent test), but I can’t help but be happy when I read bad news about fiscal policy in high-tax welfare states. And because I’m a huge fan of tax competition, I get even happier when I find out that […]
read more...Early this year, I took a libertarian purity test put together by Professor Bryan Caplan at George Mason University. The good news is that I got a 94. Sounds like a solid A, right? Well, the bad news is that the test wasn’t on a 0-100 scale. The maximum grade was 160, so it seems […]
read more...I’m a big fan of that form of satire. And if I’m looking at cartoons specifically about statist economic policy, my favorites include Chuck Asay’s dead pig cartoon, as well as his cartoon about the big bad wolf. And this Michael Ramirez headwinds cartoon is one of the most-viewed posts in the history of my […]
read more...As illustrated by this chart, economists are lousy forecasters. To be more specific, economists are no better than fortune tellers when trying to make short-run macroeconomic forecasts. Heck, if we actually knew what was going to happen over the next 12 months, we’d all be billionaires. But we can (on occasion) make sensible predictions about […]
read more...About two years ago, I shared a map put together by a pro-statism organization that supposedly showed that welfare benefits were very miserly and not sufficiently generous to lift people out of poverty. My gut instinct was to reject the findings. As I wrote at the time: The poverty line is set considerably above a […]
read more...As regular readers know, one of my great challenges in life is trying to educate policy makers about the Laffer Curve, which is simply a way of illustrating that government won’t collect any revenue if tax rates are zero, but also won’t collect much revenue if tax rates are 100 percent. After all, very few […]
read more...Government officials do some really crazy things in the name of law enforcement. I recently wrote about an armed raid on an animal shelter in order to execute a baby deer. That was paramilitary overkill (pun intended), though it probably didn’t waste as many tax dollars as the regulatory overkill of the year-long sting operation […]
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