In previous posts, I’ve expressed pessimism about the future of the United Kingdom, largely because all political parties have a statist mentality. I criticized Gordon Brown, the former Labor Party Prime Minister, for being a compulsive redistributionist, big spender,…
Daily Analysis
After Reviewing the Federal Reserve’s Lousy Track Record, Thomas Sowell Asks Why such a Deeply Flawed Institution Should Be Allowed to Accumulate more Power
When speaking about the difference between the private sector and the government, I sometimes emphasize that mistakes and errors are inevitable, and that the propensity to screw up may be just as prevalent in the private sector as it is in the public sector. I…
A Real-Life Example of How Government Handouts Create Life-Sapping Dependency
Remember Julia, the mythical moocher created by the Obama campaign to show the joys of government dependency? As illustrated by this Ramirez cartoon, Julia symbolizes the entitlement mentality. Unfortunately, there are many real-life Julias. I wrote a couple of years…
Exposing the Absurdity of Washington’s Anti-Sequester Hysteria
To save America from the supposedly “savage” and “draconian” budget cuts caused by sequestration, President Obama has instead asked Congress to approve an alternative fiscal package containing additional tax increases. So why is the sequester so bad? Does it slash the…
Is Anybody Surprised that the First Bottle of Tax Booze Didn’t Cure the Spendaholics?
Those of you old enough to remember the Cold War may remember something called the Brezhnev Doctrine. This was the rule concocted by the Soviet tyrants that basically said a nation could never regain freedom once it fell under communist rule. In my simple way of…
From Employment to Savings, Bad Government Policy Is Undermining the U.S. Economy
First, some good news. The United States is in much better shape than most other developed nations, particularly if you look at broad measures of prosperity and living standards. And our economy is growing and the private sector is creating jobs. That’s the…
The 100th Anniversary of the Income Tax…and the Lesson We Should Learn from that Mistake
What’s the worst thing about Delaware? No, not Joe Biden. He’s just a harmless clown and the butt of some good jokes. Instead, the so-called First State is actually the Worst State because 100 years ago, on this very day, Delaware made the personal income tax possible…
Why GDP Data Shouldn’t Be Interpreted in Ways That Support Keynesian Spending
Fighting against statism in Washington is a lot like trying to swim upstream. It seems that everything (how to measure spending cuts, how to estimate tax revenue, etc) is rigged to make your job harder. A timely example is the way the way government puts together data…
Thanks to the Welfare Hammock, Here’s another Horror Story about Deadbeats Sponging Off British Taxpayers
Here are some odious details from the UK-based Sun. Danny Creamer, 21, and Gina Allan, 18, spend each day watching their 47in flatscreen TV and smoking 40 cigarettes between them in their comfy two-bedroom flat. It is all funded by the taxpayer, yet the couple say…
The Sequester May Not Be “Fair,” but It’s Real and It Would Slow the Growth of Government
Much to the horror of various interest groups, it appears that there will be a “sequester” on March 1. This means an automatic reduction in spending authority for selected programs (interest payments are exempt, as are most entitlement outlays). Just about everybody…