As you can imagine, there’s a lot to choose from in the contest for the most spectacular waste of tax dollars. But the politicians in Oregon must really want the prize, because they managed to flush several hundred million dollars down a rat hole by putting together a state-run Obamacare website that has to be abandoned […]
read more...Which nation is richer, Belarus or Luxembourg? If you look at total economic output, you might be tempted to say Belarus. The GDP of Belarus, after all, is almost $72 billion while Luxembourg’s GDP is less than $60 billion. But that would be a preposterous answer since there are about 9.5 million people in Belarus compared […]
read more...What happens when you mix something good with something bad? To be more specific, what happens when you have a big success story, like the spending cap in Switzerland that has dramatically slowed the growth of government, and then expect intelligent and coherent coverage by a government-run media outfit that presumably wants a bigger public sector? Well, the answer […]
read more...I’ve complained many times about government intervention in the financial sector. The financial and housing crisis, for instance, was largely a consequence of the Federal Reserve’s easy-money policy, combined with the system of corrupt subsidies put in place by Fannie Mae and Freddie Mac. But there’s another government-imposed cost that burdens the financial sector. Writing for the […]
read more...About one year ago, I decided to create a “Moocher Hall of Fame” to highlight how certain people went above and beyond the call of indolence in their efforts to sponge off taxpayers. This award isn’t for ordinary deadbeats. You have to do something really special (the bad kind of special) to get recognized. * […]
read more...Last year, I conducted an informal poll at a conference in Paris. I explained to the audience that the public sector consumed about 57 percent of the French economy and I asked them whether they got more services and better government than the people of Germany (where government consumed 44 pct of GDP), Canada (41 pct), or Switzerland (34 […]
read more...My tireless (and probably annoying) campaign to promote my Golden Rule of spending restraint is bearing fruit. The good folks at the editorial page of the Wall Street Journal allowed me to explain the fiscal and economic benefits that accrue when nations limit the growth of government. Here are some excerpts from my column, starting with a proper definition of the problem. […]
read more...I’m a supporter of a single-rate tax regime, especially if there’s no double taxation of income that is saved and invested. That’s why I like the flat tax. But I’ve expressed concern about the national sales tax, even though it’s basically the same as a flat tax (the only real difference is that the flat tax takes a bite […]
read more...Congressman Paul Ryan, the Republican Chairman of the House Budget Committee, has unveiled the GOP’s latest budget plan. Is this proposal deserving of applause or criticism? The answer is yes and yes, with a bit of emphasis on the former. Let’s start with some depressing news. The Ryan budget has gotten weaker each year. Three years […]
read more...As much as I condemn American politicians for bad policy, things could be worse. We could be Greek citizens, which would be very depressing. Indeed, you’ll understand why I put Obamaland in the title after you read today’s column. Simply stated, Greece is a cesspool of statism. The people seem to be wonderful (at least outside […]
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