The Washington Post’s budget exercise missed some budget slashing items.
Daily Analysis
Say No to ECB Bailouts
The case against ECB bailouts rests on restoring consequences for reckless fiscal choices, even when default would be painful.
The Economic Consequences of Different Ways of Propping Up Social Security
Two reforms can restore Social Security’s solvency yet leave the economy on very different paths.
America’s Affordability Problem Is Government
Rising real incomes haven’t erased the squeeze from housing, health care, and college costs. Government barriers to supply and competition help explain the disconnect.
Part III: Demographics + Entitlements = Europe’s Doom
Government spending, debt, and private retirement savings help explain which countries are most exposed.
Good Trump vs. Bad Trump
Can the benefits of Trump’s deregulation agenda survive the burdens of his own trade policies?
Tax Increases Are the Wrong Way of Dealing with the Social Security Mess
Reform should address rising spending and poor retirement returns.
The Simple Solution to the Controversy about the Kennedy Center
Why should taxpayers subsidize entertainment for affluent Washington audiences?
Trump’s Goofy – and Deeply Misguided – Scheme for $5,000 Handout
Trump’s proposed “dividend” is another spending scheme that would deepen America’s fiscal troubles.
The United States vs. Europe, Part VII
Should America copy Europe’s high-tax welfare states? Comparisons of household consumption challenge assumptions about which system delivers higher living standards.