I’ve shared lots of data and evidence about the harmful economic impact of government spending. Simply stated, budgetary outlays divert resources from more productive uses.And this results in labor and capital being misallocated, leading to less economic output….
Daily Analysis
The Left Was Wrong about Unemployment Insurance
Over the past several years, I’ve repeatedly argued that you get more unemployment when the government pays people to be unemployed. But I’m not just relying on theory. I’ve cited both anecdotes and empirical research to bolster my case. You won’t be…
Is FATCA the Worst Part of the Internal Revenue Code?
The worst part of the tax code is something most Americans have likely never heard of.
Libertarianism and the Proper Meaning of Patriotism
Since we’re enjoying a long holiday weekend to celebrate the 4th of July, let’s take a moment to ponder patriotism. I’ve always been inspired (in more ways than one) by this t-shirt. My patriotism is for American principles, not the federal government. Indeed, I’m…
Everything You Need to Know about Greece
We’re going to touch on two topics today. I realize that not that many readers care about Greek economic policy, but sometimes other nations can teach us very important lessons. For better orworse. And in the case of Greece, the lesson is that government intervention…
Is the IRS Suffering from “Fewer Resources”?
The internal revenue service has allowed itself to become a tool of the White House. To be more specific, bureaucrats at the tax-collection agency sought to undermine a free and fair political process by stifling political speech. And now the IRS is lying about its…
Bigger Government Means More Corruption
A story in Fortune reports that government corruption at the state level is very costly. …corruption is everywhere, in one form or another. And it’s costing U.S. citizens big time. A new study from researchers at the University of Hong Kong and Indiana University…
Herbert Hoover’s Anti-Market Policies Helped Turn an Economic Downturn into a Great Depression
There have been many truly awful presidents elected in the United States, but if I had to pick my least favorite, I might choose Herbert Hoover. I obviously have disdain for Hoover’s big-government policies, but I also am extremely irritated that – as Jonah Goldberg…
America Should Export a Belief in the Free Market, Not Cronyism
Numerous arguments have been made here in opposition to re-authorization of the Export-Import bank. But perhaps the most fundamental is that America ought to lead by example when it comes to belief in the free market. We should not be exporting support for cronyism to…
The Alimentary Canal Version of Great Moments in Government
When I started writing about public policy, I never realized that …um…human waste would be a frequent topic. *But we examined (not too closely!) the story of a Postal Service employee who defecated in someone’s yard and got to keep his job. *We wondered why the Greek…