I haven’t spent much time writing about Thomas Piketty’s inequality book for the simple reason that my goal is economic liberty, not equality. That being said, I think that Piketty is fundamentally misguided even if the goal is helping the poor. Simply stated,…
Daily Analysis
Global Trends in Economic Freedom
I’m in Vancouver, Canada, for the biennial meeting of the World Taxpayers Associations. I gave a speech on why tax competition is a valuable force to constrain the greed of the political class, but warned the audience that high-tax governments and international…
More Evidence that Big Government Doesn’t Work: Unambiguously Awful Employment Numbers
On many occasions, I’ve explained that economic output is a function of how much labor and capital are productively utilized. This is why I relentlessly criticize policies that undermine GDP growth by hindering the use of these “factors of production.” That’s a bit of…
France Wipes Out on the Laffer Curve
If you appreciate the common-sense notion of the Laffer Curve, you’re in for a treat. Today’s column will discuss the revelation that Francois Hollande’s class-warfare tax hikes have not raised nearly as much money as predicted. And after the recent evidence about the…
The Perplexing Durability of Keynesian Economics
Keynesian economics is a failure. It didn’t work for Hoover and Roosevelt in the 1930s. It didn’t work for Japan in the 1990s. And it didn’t work for Bush or Obama in recent years. No matter where’s it’s been tried, it’s been a flop. So why, whenever there’s a…
Will Chile’s Politicians Ruin the Latin Tiger?
here aren’t any nations with pure libertarian economic policy, but there are a handful of jurisdictions that deserve praise, either because they have comparatively low levels of statism or because they have made big strides in the right direction. Hong Kong and…
Let Markets Work, even for Folks Who Want to Buy and Sell Human Organs
Back in 2011, I shared a video making the moral argument that adults should be allowed to buy and sell kidneys. After all, if one person is made better off by selling a kidney and another person is made better off by buying a kidney, why should the rest of us be…
Say It Ain’t So, Doug! Holtz-Eakin’s Misguided Defense of the Export-Import Bank
Former CBO Director and now American Action Forum President Douglas Holtz-Eakin is a solid economist and champion of pro-growth tax policy. But no one is perfect, as illustrated in this case by his misguided defense of the Export-Import bank. Though acknowledging…
Sensible Swiss Voters Crush Proposed Minimum Wage Mandate
I’m beginning to think that people from some nations are smarter and more rational than others. That may explain, for instance, why voters in Estonia support fiscal restraintwhile voters in France foolishly think the gravy train can continue forever. But I’m not…
Obamacare Could Cause Two Million additional Adults to Leave Labor Force and Become Trapped in Government Dependency
What’s the worst economic development during Obama’s reign? Some would say it’s the higher tax burden. Some would say it’s the wasteful faux stimulus. Others would say it’s the fiscal nightmare of Obamacare. And others would say it’s the loss of millions of…