Paul Light of New York University has a column in the Washington Post that acknowledges an ongoing pattern of incompetence by the federal government. He admits that the bureaucracy is too big. He notes that bureaucratic success is unrelated to merit and that it is well nigh impossible to fire incompetent staff. And he also […]

I’m going to have to stop this series soon because it is getting too depressing. This Wall Street Journal column contains more surprising data, including the fact that pension costs for California bureaucrats jumped by 2000 percent in just one decade (revenues rose by 24 percent in the same period). The most shocking factoid, though, […]

Politicians in Washington have come up with something far more impressive than turning lead into gold or water into wine. Using self-serving budget rules, they can increase the burden of government spending and say they are cutting taxes instead. This bit of legerdemain is made possible, thanks to the convolutions of the personal income tax, […]

Proponents of sound science and economic growth certainly have many reasons to be happy. The global-warming crowd has been exposed as a bunch of fraudsters, the Copenhagen “climate change” summit collapsed in failure, and there now appears to be no chance that the US Senate will pass legislation to cripple the American economy. But while […]

 I’d say only a government would be stupid enough to sign a contract that obligates them to pay somebody more than $100K each year for doing nothing, though it’s possible the corporate bureaucrats at the auto companies may have done something equally stupid in their deals with the UAW. But the real lessons to be […]

 I’m just back from a swing through Canada, giving speeches for the Fraser Institute to audiences in Vancouver, Calgary, and Toronto. I’ve been talking about the size of government and the future of capitalism. As you might imagine, several people have asked about the battle in America over government-run healthcare and how the system in […]

While speaking in Canada last week, I authored a column in the Financial Post. I hope the entire piece is worth reading, but here are a few of the highlights: The Obama Administration claimed that spending more money would keep the unemployment rate below 8% in the United States, yet it climbed to 10%. The […]

Ronald Reagan was born 99 years ago on this date. The tribute is moving, but this video underscores what made Reagan special. Unlike most Republicans today, he actually believed in freedom.

 As I noted a few days ago, Paulson’s bailout was the worst possible way to do a bad thing. To the extent that the government had to inject money into the financial system, I explained, it would have been far better to use the “FDIC Resolution” approach, which at least addresses the moral hazard issue […]