The budget deficit this year is projected to be significantly smaller than it has been in recent years and some of our statist friends claim that this shows the desirability and effectiveness of higher taxes. I’m not persuaded, mostly because our big long-run fiscal…
Daily Analysis
Are Republicans the “Stupid Party” or the “Big-Government Party”…or Both?
I sometimes make fun of Republicans for being the “Stupid Party,” but I get genuinely agitated when they’re the “Statist Party.” You can forgive someone for not being intelligent, after all, but it’s much harder to look the other way when they deliberately and…
Two Cheers to the Obama Administration for Resisting French Anti-Tax Competition Scheme
I damned Obama with faint praise last year by asserting that he would never be able to make America as statist as France. My main point was to explain that the French people, notwithstanding their many positive attributes, seem hopelessly statist. At least that’s how…
Mirror, Mirror, on the Wall, Which Nation Is in the Deepest Fiscal Doo-Doo of All?
According to the Bank for International Settlements, the United States has a terrible long-run fiscal outlook. Assuming we don’t implement genuine entitlement reform, the only countries in worse shape are the United Kingdom and Japan. The Organization for Economic…
The Moochers and Looters in France Are Running Out of Victims
The late, great Margaret Thatcher famously said that “Socialist governments…always run out of other people’s money” and “I love the smell of napalm in the morning” is an iconic line from Apocalypse Now. Thinking about the fiscal mess in Europe, I’m going to combine…
By Global Standards, the Government Education Bureaucracy Gets the Most Money while Delivering Mediocre Results
I don’t write or speak about education very much, but, when asked, I explain that America has a very costly and inefficient government school monopoly. The strongest piece of evidence is an amazing chart put together by a Cato colleague. It shows that education…
The Never-Ending Story of Government Cost Overruns
Why does virtually everything the government does cost more than we’re initially told? In 2009, for instance, I warned that Obamacare would be much more costly than advertised, so I certainly wasn’t surprised several years later when the numbers began to climb. Heck,…
Responding to Scandals and Corruption, the IRS Rewards Itself with Giant Bonuses
What do you do if you’re part of a government bureaucracy that has been caught red-handed engaged in sleazy, corrupt, and (almost surely) illegal targeting of Americans for their political beliefs? But before you answer, keep in mind that your bureaucracy also has…
Europe’s Politicians Learned the Wrong Lesson from Saint Augustine
In my never-ending crusade to push for the right kind of austerity, I appeared on RT to pontificate on the merits of limited government. We got to cover a lot of material, so here’s some augmenting material. 1. The right kind of “austerity” is less government…
What’s the Better Role Model, France or Switzerland?
At the European Resource Bank conference earlier this month, Pierre Bessard from Switzerland’s Institut Liberal spoke on a panel investigating “The Link between the Weight of the State and Economic prosperity.” His presentation included two slides that definitely are…