I’m not overly optimistic about the outcome of the government shutdown fight. In part this is because our system of government, based on separation of powers, means it is very difficult to change the status quo. This system, by the way, generally has been good for the country. It probably helps to explain why the […]
read more...There have been some unfortunate and dark days in American history, but what was the worst day? Some obvious choices include December 7, when the Japanese bombed Pearl Harbor, and September 11, when the terrorists launched their despicable attack. Another option (somewhat tongue in cheek) might be January 20 since Republican partisans would say that’s […]
read more...What’s the likely outcome of the government shutdown fight? Well, in my libertarian fantasy world, we leave it closed. Or at least we never bother to reopen counterproductive bureaucracies such as the Department of Education, Department of Agriculture, Department of Energy, Department of Housing and Urban Development, Department of Commerce, Department of Transportation, etc, etc. […]
read more...The destruction caused by the Foreign Account Tax Compliance Act (FATCA) has been well covered by CF&P and others. Among other things, the law is scaring foreign investment out of the economy, turning US citizens abroad into toxic assets, and redirecting significant funds away from productive investments toward excessive compliance costs, all in the pursuit […]
read more...The politicians, bureaucrats, lobbyists and interest groups in Washington are hyperventilating that the federal gravy train may get sidetracked for a day or two by a shutdown fight between Republicans and Democrats. I’m not sure why they’re so agitated. After all, the shutdown is really just a slowdown since only non-essential bureaucrats are sent home. […]
read more...I haven’t written much about the budget fights over a government shutdown, Obamacare, the continuing resolution, and the debt limit for the simple reason that the battles are mostly about politics and strategy rather than policy. At the risk of oversimplifying, here’s what’s happening. On one side are those who want to use the debt […]
read more...I’m a big fan of school choice. If we bust up the government education monopoly and create a competitive education market, we’ll get a much better education system at much lower cost. This isn’t just idle theorizing. The evidence shows that competition produces better results. That will be especially good news for children from poor […]
read more...Sometimes you find support for capitalism and small government in some rather unexpected places. I was surprised, for instance, when I found out that Gene Simmons, the lead singer for Kiss, stated that, “Capitalism is the best thing that ever happened to human beings. The welfare state sounds wonderful but it doesn’t work.” That’s pretty […]
read more...Maybe it’s because I have a bit of a old-fashioned moralistic streak to me, but I viscerally object to the notion that good people should pay bad people not to do bad things. That’s why, a few years ago, I didn’t react favorably when the former dictator of Libya asked for several billion dollars per […]
read more...Back in 2010, I guest-hosted Larry Kudlow’s CNBC program for a couple of days. During one of the segments on my last show, I crossed swords with the other host, Simon Hobbs, as we argued whether patients needlessly died because of the government-run healthcare system in the United Kingdom. Since neither one of us had […]
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