As part of his campaign to expand the size and scope of the federal government (and to justify his advocacy of class-warfare taxation), President Obama has been asserting that all of us benefit from government spending. It’s why he now echoes Elizabeth Warren’s claim…
Daily Analysis
What Obama and the New York Times Don’t Understand about Worldwide Taxation
Mitt Romney is being criticized for supporting “territorial taxation,” which is the common-sense notion that each nation gets to control the taxation of economic activity inside its borders. While promoting his own class-warfare agenda, President Obama recently…
Europe’s Crisis Is Because of Too Much Government, Not the Euro Currency
The mess in Europe has been rather frustrating, largely because almost everybody is on the wrong side. Some folks say they want “austerity,” but that’s largely a code word for higher taxes. They’re fighting against the people who say they want “growth,” but that’s…
Thanks to Pro-Free Market Reforms, Chile Is the Latin Tiger
One of the reasons why this blog is called International Liberty is that the world is a laboratory, with some nations (such as France) showing why statism is a mistake, other jurisdictions (such as Hong Kong) showing that freedom is a key to prosperity, and other…
The Turbo-Charged Italian Version of the Laffer Curve
Thanks largely to the Laffer Curve, there are some impressive examples of failed tax increases in countries such as the United States, France, and the United Kingdom. But if there was a prize for the people who most vociferously resist turning over more of their…
A Cartoon Showing the Logic (or lack thereof) of Keynesian Economics
I’ve run across very few good cartoons about Keynesian economics. If my aging memory is correct, I’ve only posted two of them. But at least they’re both very good. We have one involving Obama, sharks, and a lifeboat, and another one involving an overburdened jockey….
In Tallinn, Helping to Protect the People of Estonia from Krugmanomics
Last month, I exposed some major errors that Paul Krugman committed when he criticized Estonia for restraining the burden of government spending. My analysis will be helpful since I am now in Estonia for a speech about economic reform, and I wrote a column that was…
Repealing Obamacare Won’t Solve the Healthcare Mess (but It’s a Good Start)
I’ve often complained that government-created third-party payer is the main problem with America’s healthcare system, and I was making that point well before Obamacare was imposed upon the country. Simply stated, people won’t be smart consumers and providers won’t…
If Tax Policy Is any Indication, Birthers Should Accuse Obama of Being Born in Denmark
I’m not a big fan of government conspiracy theories, largely because the people in Washington are too bloody incompetent to do anything effectively. Heck, sometimes they can’t even waste money properly even though they have lots of practice. But it recently crossed my…
Another Month of Data Re-Confirms Obama’s Horrible Record on Jobs
Remember back in 2009, when President Obama and his team told us that we needed to squander $800 billion on a so-called stimulus package. The crowd in Washington was quite confident that Keynesian spending was going to save the day, even though similar efforts had…