As part of his State-of-the-Union speech, President Obama announced he was going to unilaterally create a new retirement savings account that supposedly would be available to all workers. Employers would be mandated to facilitate these”MyRA” accounts, and the money…
Daily Analysis
Yet another Example of the Failure of Keynesian Economics
Early last year, with the sequester about to begin, President Obama stated that “these cuts are not smart, they are not fair, they will hurt our economy, they will add hundreds of thousands of Americans to the unemployment rolls.” He made this statement…
We Need a Debate about the Size of Government, but It Helps to Understand Basic Fiscal Facts
Self awareness is supposed to be a good thing, so I’m going to openly acknowledge that I have an unusual fixation on the size of government. I don’t lose a wink of sleep thinking about deficits, but I toss and turn all night fretting about the overall burden of…
A “Human Right” to Other People’s Money
One of the many differences between advocates of freedom and supporters of statism is how they view “rights.” Libertarians, along with many conservatives, believe in the right to be left alone and not molested by government. This is sometimes referred to in the…
Thanks to Government, Banks Treat You Like Crap and Spy on You
People are getting increasingly agitated about being spied on by government. The snoops at the National Security Agency have gotten the most attention, and those bureaucrats are in the challenging position of trying to justify massive invasions of our privacy when…
Everything You Ever Needed to Know about the Left’s View of Income Inequality, Captured in a Single Image
If you want to know why the left is wrong about income inequality, you need to watch this Margaret Thatcher video. In just a few minutes, the “Iron Lady” explains how some – perhaps most – statists would be willing to reduce income for the poor if they could impose…
Are Government Bureaucrats Corrupt and Dishonest?
I don’t like government bureaucrats. Actually, let me re-phrase that statement. I know lots of people who work for different agencies in Washington and most of them seem like decent people. So maybe what I really want to say is that I’m not a big fan of government…
We Need “Poverty Porn” on American TV
When I posted a video about “libertarian porn” back in 2010, readers presumably were either relieved or disappointed that there was no nudity. I may get the same reaction today, because we’re going to have a discussion – but only G-rated – about what our British…
The Best State in America Is…?
What’s the best state in America? I’m not sure I can answer that broad question, but I can address the more narrow issue of which state has the most economic freedom. Last month, for instance, I shared some data from the Canada-based Fraser Institute which showed that…
The Biggest Impediment for the Poor is Government, Not Inequality
A bunch of well-connected rich people and government officials are descending upon Switzerland for the annual World Economic Forum meeting in Davos. This upsets many people, and perhaps with some justification. After all, bad things often happen when big business and…