There’s an ongoing debate about Keynesian economics, stimulus spending, and various versions of fiscal austerity, and regular readers know I do everything possible to explain that you can promote added prosperity by reducing the burden of government spending. Simply…
Daily Analysis
Minimum Wage Laws: Sabotaging the Ladder of Economic Opportunity
If I banged my head against the wall every time politicians advocated bad policy in Washington – which is a tempting impulse, I would have been institutionalized because of brain damage a long time ago. But it’s difficult to maintain my self control when I think…
White House Stimulus Report Based on “Keynesian Fairy Dust”
Did you sing Happy Birthday? The nation just “celebrated” the fifth anniversary of the signing of the so-called American Recovery and Reinvestment Act, more commonly referred to as the “stimulus.” This experiment in Keynesian economics was controversial when it was…
Big Government and Tipping Points: Is America Is Doomed to Become a Failed European-Style Welfare State?
When I give speeches around the country, I often get asked whether it’s time to give up. More specifically, has America reached a tipping point, with too many people riding in the wagon of government dependency and too few people creating wealth and pulling the wagon…
ABBA and the Story of the Most-Inane-Ever Tax Controversy
The tax code is a complicated nightmare, particularly for businesses. Some people may think this is because of multiple tax rates, which definitely is an issue for all the non-corporate businesses that file “Schedule C” forms using the personal income tax. A…
Goldilocks, Canada, and the Size of Government
I feel a bit like Goldilocks. No, this is not a confession about cross-dressing or being transsexual. I’m the boring kind of libertarian. Instead, I have a run-of-the-mill analogy. Think about when you were a kid and your parents told you the story of Goldilocks and…
A Single Picture to Show that Many Nations Are Economically Doomed
Over the years, I’ve shared many charts, graphs, and tables to help people understand that the welfare state is fundamentally unsustainable. And, assuming there’s not genuine entitlement reform, many of these fiscal estimates show that the United States has a very…
Crying About Obamacare
I asked back in September whether all the bad news about Obamacare meant it was time to feel sorry for President Obama and other statists. Some people apparently didn’t realize I was being sarcastic, so I got some negative feedback. I’ve since learned to be more…
A Primer on the Laffer Curve to Help Understand Why Obama’s Class-Warfare Tax Policy Won’t Work
My main goal for fiscal policy is shrinking the size and scope of the federal government and lowering the burden of government spending. But I’m also motivated by a desire for better tax policy, which means lower tax rates, less double taxation, and fewer corrupting…
Obamacare Liberating Americans From Productivity
It takes a special skill – or an abundance of chutzpah – to harm a person and then turn around and argue that it was all for their own good. But that’s exactly what the Obama administration, and the sycophants at the New York Times, are doing in…




