Last week the Center for Freedom & Prosperity joined with the National Taxpayers Union and 17 other groups to warn Republican leaders against making the mistake of undoing the sequester cuts. The letter notes: The BCA established limits on discretionary spending…
Daily Analysis
The Continuing Obamacare Disaster
You know things are going poorly for the Obama White House when even the New York Times is writing about the “third world experience” of Obamacare. Heck, it’s almost gotten to the point where I feel sorry for the President. But I guess I must be a mean-spirited…
Taxpayers Will Lose the Battle of the Energy Cronies
Government mandates benefit the politically connected, not consumers.
The European Crisis (and American Future?) of Too Many Over-Compensated Bureaucrats
The only sustainable way of achieving more prosperity and higher living standards is to increase the quality and quantity of labor and capital in the economy. This may sound like boring econo-speak, but labor and capital are the two “factors of production” and our…
New York City Is About to Become New France
We know that countries suffer when taxes get too high, in part because investors, entrepreneurs, and other successful taxpayers escape to jurisdiction with less oppressive fiscal regimes. France is a glaring example. On steroids. We know that states also suffer when…
Iceland, Switzerland, and the Golden Rule of Fiscal Policy
Being a glass-half-full kind of guy, I look for kernels of good news when examining economic policy around the world. I once even managed to find something to praise about French tax policy. And I can assure you that’s not a very easy task. I particularly try to find…
What America Can Learn from the Faroe Islands about Social Security Reform
I’m currently in the Faroe Islands, a relatively unknown and semi-autonomous part of Denmark located in the North Atlantic. Sort of like Greenland, but too small to appear on most maps. I’m in this chilly archipelago for a speech to the annual meeting of the Faroese…
Easy Money Is Creating the Conditions for a Bigger European Economic Crisis
At the beginning of the year, I was asked whether Europe’s fiscal crisis was over. Showing deep thought and characteristic maturity, my response was “HAHAHAHAHAHAHAHAHA, are you ;@($&^#’% kidding me?” But I then shared specific reasons for pessimism, including the…
Keynesian Economics, Government Shutdowns, and Economic Growth
Keynesian economics is the perpetual motion machine of the left. You build a model that assumes government spending is good for the economy and you assume that there are zero costs when the government diverts money from the private sector. With that type of model, you…
If There’s a Grand Bargain, Taxpayers Should Get a Tax Cut rather than a Tax Hike
The Washington metropolitan area has become America’s wealthiest region because trillions of dollars are taken every year from the productive sector of the economy and then divvied up by the politicians, bureaucrats, lobbyists and interest groups that benefit from…