With the exception of a few top-notch thinkers such as Pierre Bessard and Allister Heath, there are very few people in Europe who can intelligently analyze public policy, particularly with regard to fiscal issues. I don’t know if Fredrik Erixon of the Brussels-based…
Daily Analysis
New York Times Columnist Bumps into Reality, Learns Nothing
The pro-statism crowd routinely argues that we need more government. Every so often, though, one of them inadvertently stumbles on the truth. But they then refuse to draw the logical conclusion. For instance. One of President Obama’s health appointees noted that…
World Bank Study Shows How Anti-Money Laundering Rules Hurt the Poor
I’ve complained many times about the pointless nature of anti-money laundering laws. They impose very high costs and force banks to spy on their customers, but they are utterly ineffective as a weapon against criminal activity. Yet politicians and bureaucrats keep…
Labor, Capital, Entrepreneurship and Economic Growth
A problem in Washington is that people who specialize in particular fields are tempted to exaggerate the importance of their issues. To cite a couple of examples: People who work on monetary policy think their issue is most important, and you can understand why after…
A Nauseating Example of Cronyism, Sleaze, and Corruption at the Export-Import Bank
One of my first posts on this blog featured this video showing how big government breeds corruption. I’ve periodically provided examples of how this process works, citing Alaska, Chicago, Wall Street, and Washington. Here’s another example, explicitly showing how big…
Notwithstanding the “Grand Bargain” Siren Song, there’s No Practical Argument for Tax Hikes
Many people think that my opposition to tax increases is ideological, but they’re wrong. If someone told me that I magically had the power to flick a switch and give the country a flat tax, but that simple and fair tax system would only be possible if the rate was set…
Taxpayers get Screwed to Finance a $537,767-Per-Year Bureaucrat
I’ve reported some horror stories about bureaucrats ripping off taxpayers with lavish compensation packages, including: The chief bureaucrat of a low-income California city getting almost $800,000 per year. Cops in Oakland getting average compensation of $188,000. A…
A Grim Reminder of the Pervasive Evil of Communism
Like its evil twin of Nazism, communism is an utterly despicable ideology that explicitly elevates the state over the individual. That’s actually the nicest thing that can be said about this barbaric system. If you want to begin to understand the human cost of…
President Obama Accuses Bill Clinton of “Thinly Veiled Social Darwinism”
Actually, Bill Clinton must be something even worse than a social Darwinist. That’s because the title of this post is wrong. Obama said that Paul Ryan’s plan (which allows spending to grow by an average of 3.1 percent per year over the next decade) is a form of…
A Case Study of How Government Handouts Undermine Human Decency and Social Capital
Why is big government bad for an economy? The easy answer is that big government usually means high tax rates, and this penalizes work, saving, investment, and entrepreneurship. And perhaps some of the spending is financed by borrowing, and this diverts money from…