The folks at U.S. News & World Report have posted an online debate on the never-ending topic: “Does Stimulus Spending Work?“ You know my thoughts on the topic, including my thumbs-down to Obama’s latest stimulus scheme, so it won’t surprise you to know that I…
As part of his latest “stimulus” scam, President Obama argues that the federal government should spend more money on infrastructure. Yet there is widespread evidence that politicians use such projects to squander money – often in exchange for contributions from…
I’ve posted several times about the dangers of creating too much government dependency, including a set of cartoons that illustrates how small welfare states inevitably erode social capital and create big welfare states. So you will understand that I am utterly…
I recently posted an excellent video showing how the War on Poverty has been a disaster for both taxpayers and poor people. Let’s now look at a specific example of the income-redistribution racket. Professor Thomas Sowell has a superb column, which begins by noting…
What nation is a role model for economic reformers? I’ve certainly cited Hong Kong as an example, but I’ve also explained that we can learn lessons – at least on certain issues – from nations such as Sweden, Australia, Canada, and the Baltics. Today, let’s talk about…
The latest video from our Economics 101 Series tackles poverty, an issue frequently used to pull heart-strings in support of big government policies. But as the video shows, big government redistribution schemes are not making the problem better, and are likely making…
I’ll start with an important caveat and state that Ford is far from a perfect company. It has its snout in the trough for boondoggles such as green energy programs. And it happily benefits from protectionist restrictions on foreign pickup trucks and SUVs. That having…
Today, October 1, is the first day of the 2012 fiscal year. And if you’re wondering why America’s economy seems to have a hangover (this cartoon is a perfect illustration), it’s because politicians had a huge party with our money in FY2011. We don’t have final numbers…
Only the federal government could be this stupid. We have two very big problems in our nation. o First, we have a giant, bloated federal government that is spending too much money, putting us at serious risk of a Greek-style fiscal crisis at some point in the future….
The fiscal turmoil in Greece is not about fiscal balance. It’s a fight between looters and moochers such as Olga Stefou, who think taxpayers should endlessly subsidize everything, and the shrinking group of productive people who are pulling the wagon and keeping…