Daily Analysis

Social Security’s Looming Fiscal Nightmare

With all the controversy over the failed and costly Obamacare program, it’s understandable that other entitlements aren’t getting much attention. But that doesn’t mean there aren’t serious problems with Medicaid, Medicare, and Social Security. Indeed, the…

What Happens When Libertarian Fantasies Become Reality?

No, this post is not about that kind of fantasy. Instead, we’re dealing strictly with public policy and specifically addressing whether the libertarian agenda is unrealistic. This is because when I talk to people about libertarianism, they often will say something…

Libertarianism and Human Decency

Some people confuse being libertarian with being libertine. I’m sometimes asked, for instance, if I’m a libertarian because I want to smoke pot or do other drugs. I respond that I’ve never done drugs and have no desire to use drugs. Then I’m asked if I’m a…

Should American Taxpayers Subsidize Israel’s Defense?

I rarely delve into foreign policy and defense issues. And when I do, such as my post about the conflict in Ukraine, it’s usually because it gives me an opportunity to draw attention to a topic that is in my bailiwick (in the case of Ukraine, it gave me an excuse to…

America’s Built-In Greek Fiscal Future

I had a very bad lunch today. But not because of what I ate. My lunch was unpleasant because I moderated anoontime panel on Capitol Hill featuring Senator Ron Johnson of Wisconsin and my Cato colleague Chris Edwards. And I should hasten to add that they were splendid…

Great Moments in Government

You won’t know whether to laugh or cry after perusing these stories that will be added to our “great moments in government” collection. For instance, did you realize that American taxpayers were saddled with the responsibility to micro-manage agriculture in…

A Simple Solution to the Highway Trust Fund Deficit

I’m a big believer in federalism, both as a matter of policy and politics. So you won’t be surprised that I’ve called for the abolition of the Department of Transportation. On more than one occasion. But when you’re trying to convince politicians to give up power and…