Last night, I spoke at the closing dinner of the European Resource Bank. My message was simple and straightforward: Entitlement programs are killing the developed world. That’s not exactly a surprise, but what may be shocking is America’s relative position. In my…
I’ve had dozens of posts about overpaid bureaucrats. Indeed, I’ve largely stopped blogging about the topic because it is so depressing to constantly be reminded about how a privileged class of people is manipulating the system to coercively obtain undeserved…
This new video from the Center for Freedom and Prosperity discusses a proposal to solve Medicare’s bankrupt finances by replacing an unsustainable entitlement with a “premium-support” system for private insurance, also known as vouchers. This topic is very hot right…
It’s 45 minutes long, but this video from the folks at Reason TV is filled with good information on the foolish ideas of central planners who want to control our transportation. You’ll learn in the first half of the video, for instance, how high-speed rail is like…
There’s a lot of buzz about a Wall Street Journal interview with Stanley Druckenmiller, in which he argues that a temporary delay in making payments on U.S. government debt (which technically would be a default) would be a small price to pay if it resulted in the…
I got a few cranky emails after my post suggesting the United States should copy the Baltic nations and implement genuine spending cuts. These less-than-friendly pen pals were upset that I favorably commented on the fiscal discipline of Estonia, Lithuania, and Latvia…
I’m often torn between optimism and pessimism about the future. In my cheerful moments, I marvel at the American system and cheer the private sector’s ability to adapt and survive even the stupidest government interventions. But at other times, I fret that those…
All the talk of spending cuts in Washington is fictitious. Even the House Republican Study Committee budget allows spending to increase, on average, by 1.7 percent each year for the next decade. The Ryan budget, which critics deride for its “savage” cuts, allows…
I spoke yesterday at a press event put together by some of the Tea Party groups. Here’s what I said about the debt limit. I debunked the notion that a higher debt limit was needed to avoid default and explained that the problem is too much spending and that deficits…
Most of us have probably heard the joke about the moronic salesman who admitted to losing money on each sale but was hoping to make it up with higher volume. E.J. Dionne of the Washington Post is taking this financial approach to a new level. His column today asserts…