Unlike the United States and most European nations, Chile does not face a long-term Social Security crisis. This is because lawmakers shifted to a system of personal accounts almost 30 years ago. As a result, Chile’s economy is much stronger, the financial system is…
Daily Analysis
“I Wish Republicans Had a Secret Plan for Personal Accounts”
Here’s my debate on Larry Kudlow’s show about Social Security personal retirement accounts.
Germany’s Wealthy Über Statists
It’s hard to believe that anybody would classify the Germans as a master race after reading this Spiegel article. Bill Gates and Warren Buffett have a nutty (but at least non-coercive) plan for rich people to give away a big share of their fortunes. The German…
Europe Is Royally %$(#&@, and America May Be Next
Jim Glassman has a thorough article in Commentary explaining that Europe is in deep trouble both because high tax rates discourage work and production and because excessive handouts encourage sloth and dependency. This should be a common-sense observation, but most…
More Unemployment Is the Key to Stimulus!
Nancy Pelosi is being appropriately mocked for her strange assertion that subsidizing unemployment is a great way to “stimulate” the economy, but keep in mind that this she is just mindlessly regurgitating standard Keynesian theory. Here are two videos. The first is…
Pelosi: Paying People Not to Work Creates Jobs
I’ve heard a few economic whoppers in my time, especially from the mouths of politicians, but this statement by Speaker Pelosi has got to be one of the most foolish yet. Talking to reporters, the House speaker was defending a jobless benefits extension against…
California Scheming
This has not been a good period of time for California’s moocher class. A public uproar recently forced the state to prevent welfare recipients from using government-provided ATM cards in casinos. Now there’s a similar storm brewing about handouts being obtained using…
Canadian Boondoggles and Russia Is More Capitalist than the U.S. (Again)
The G-20 gab-fest is in Canada this weekend, but Canadian taxpayers are definitely not winners. In a display of waste that might even embarrass a French politician, the Canadian government somehow is going to squander $1 billion hosting the event. I can’t even…
European Central Bank President Wants to Exacerbate Continent’s Fiscal Crisis
It’s been amusing, in an I-told-you-so fashion, to follow the fiscal crises in Greece, Spain, and other European welfare states. And I feel like a voyeuristic ghoul as I observe the incredibly misguided bailout policies being adopted by the political elites (who are…
With Vermont Earning the Dubious Distintion of First Place, Northeastern States Dominate the Moocher Index
The Center for Immigration Studies recently put out a study arguing that immigration has had negative effects on California. One of their measures was a comparison of how many people in the state were receiving some form of welfare compared to other states. I found…