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 stated, we get more jobs, output, and growth when resources are allocated by competitive markets. But when resources are allocated […]
read more...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 about minimum wage laws. All sentient human beings should know […]
read more...There’s an old joke that a quandary exists when your mother-in-law drives off a cliff in your new Porsche. Are you more happy about losing her or more unhappy about losing your sports car? I’m not clever enough to come up with humorous quandaries, but I have shared policy quandaries. I’ve asked, for instance, whether […]
read more...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 enacted and it’s still controversial today. The Obama Administration is telling us that the law was […]
read more...I’ve already explained why leftists must be depressed about their failure to restrict private gun ownership. They’ve suffered brutal electoral setbacks in Colorado, and more and more states have strengthened the right to keep and bear arms. Moreover, it’s hard for them to claim their agenda is about safer streets when cops overwhelmingly reject the premises of the anti-gun zealots. And […]
read more...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 in the right direction? These questions don’t surprise me, […]
read more...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 discriminatory rate structure adds to complexity, to be sure, but the main reason for […]
read more...Just like Clark Kent could change into Superman, President Obama has a remarkable ability to change into King Obama. Tired of that pesky Constitution? Irritated that the Founding Fathers created a system based on separation of powers? Well,there’s a superhero to overcome those obstacles. Faster than a last-minute Obamacare reg! More powerful than the Tenth Amendment! Able […]
read more...I’ll be first in line if there’s a contest over who thinks most strongly thatpoliticians are corrupt, or whether they can waste money in creative ways. But if somebody asserts that politicians are stupid, I’m going to argue on the other side. This isn’t because I’m a fan of elected officials. Far from it. However, having […]
read more...Very few political cartoons make me laugh out loud. Even when I look back at the all-time favorites that I included in my political cartoonist contest, most of them are on that list because they make a very effective and clever point about public policy. Though I do recall being very amused by Glenn McCoy’s cartoon on media bias, […]
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