As part of my “great moments” in government series, I periodically share stories about really foolish regulations and really wasteful spending. And sometimes I’ll even have a story that combines dumb regulation and boondoggle spending. For instance, you won’t believe the government’s inane approach to different-sized condoms. I also have a satirical series about “great moments in human rights” and […]
read more...Regular readers know that good fiscal policy takes place when government spending grows slower than the private economy. Nations that maintain this Golden Rule for extended periods of time shrink the relative burden of government spending, thus enabling more growth by freeing up resources for the productive sector of the economy and creating leeway for lower tax rates. […]
read more...There’s an old saying that there’s no such thing as bad publicity. That may be true if you’re in Hollywood and visibility is a key to long-run earnings. But in the world of public policy, you don’t want to be a punching bag. And that describes my role in a book excerpt just published by Salon. Jordan Ellenberg, a mathematics professor […]
read more...The title of this post sounds like the beginning of a strange joke, but it’s actually because we’re covering three issues today. Our first topic is corporate taxation. More specifically, we’re looking at a nation that seems to be learning that it’s foolish the have a punitive corporate tax system. By way of background, the […]
read more...The Export-Import bank is a favorite of big business. It’s also been defended by some misguided free market folk. But it’s bad for jobs and, as this video from the newly launched Daily Signal shows, an exercise in cronyism. CF&P is part of a large coalition calling on Congress to let the Export-Import bank expire. […]
read more...I haven’t spent much time writing about Thomas Piketty’s inequality book for the simple reason that my goal is economic liberty, not equality. That being said, I think that Piketty is fundamentally misguided even if the goal is helping the poor. Simply stated, long-run growth is the best way of reducing poverty and boosting living standards. […]
read more...I’ve never been susceptible to the claim that you solve problems with taxpayer money. Indeed, this amusing poster is a pretty good summary of my views on the effectiveness of government spending. But what about the horrific stories about veterans dying because of secret waiting lists and bureaucratic skullduggery at the Veterans Administration? I want to take […]
read more...I’m in Vancouver, Canada, for the biennial meeting of the World Taxpayers Associations. I gave a speech on why tax competition is a valuable force to constrain the greed of the political class, but warned the audience that high-tax governments and international bureaucracies are using financial protectionism to coerce low-tax jurisdictions into weakening their good policies. But regular […]
read more...On many occasions, I’ve explained that economic output is a function of how much labor and capital are productively utilized. This is why I relentlessly criticize policies that undermine GDP growth by hindering the use of these “factors of production.” That’s a bit of economic jargon, but it helps to explain why we shouldn’t be discriminating against capital […]
read more...I believe in free markets and small government, and I’m also against Washington corruption. Which is why I want to abolish the Department of Agriculture. And I suspect all sensible people will agree after reading excerpts from these three articles. We’ll start with Damon Cline, who produced a searing indictment of farm welfare for the Augusta Chronicle. Alexis de Tocqueville posited […]
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