On many occasions, I’ve explained that economic output is a function of how much labor and capital are productively utilized. This is why I relentlessly criticize policies that undermine GDP growth by hindering the use of these “factors of production.” That’s a bit of…
Daily Analysis
Gun Control and Mass Shootings
Well, another loser killed a bunch of people, this time in Santa Barbara, California. Which gives gun control zealots an opportunity to seize upon the tragedy to recycle their calls to restrict private firearms ownership and otherwise erode the Second Amendment. But…
France Wipes Out on the Laffer Curve
If you appreciate the common-sense notion of the Laffer Curve, you’re in for a treat. Today’s column will discuss the revelation that Francois Hollande’s class-warfare tax hikes have not raised nearly as much money as predicted. And after the recent evidence about the…
The Department of Agriculture Deserves the Death Penalty
I believe in free markets and small government, and I’m also against Washington corruption. Which is why I want to abolish the Department of Agriculture. And I suspect all sensible people will agree after reading excerpts from these three articles. We’ll start with…
The Perplexing Durability of Keynesian Economics
Keynesian economics is a failure. It didn’t work for Hoover and Roosevelt in the 1930s. It didn’t work for Japan in the 1990s. And it didn’t work for Bush or Obama in recent years. No matter where’s it’s been tried, it’s been a flop. So why, whenever there’s a…
Will Chile’s Politicians Ruin the Latin Tiger?
here aren’t any nations with pure libertarian economic policy, but there are a handful of jurisdictions that deserve praise, either because they have comparatively low levels of statism or because they have made big strides in the right direction. Hong Kong and…
Let Markets Work, even for Folks Who Want to Buy and Sell Human Organs
Back in 2011, I shared a video making the moral argument that adults should be allowed to buy and sell kidneys. After all, if one person is made better off by selling a kidney and another person is made better off by buying a kidney, why should the rest of us be…
Unofficial Death Panels at the VA Show Where Obamacare Will Lead
In hopes of warning people about the dangers of Obamacare, I’ve shared horror stories from the United Kingdom about patients languishing on waiting lists and being left to die. Now, thanks to whistleblowers, we have horror stories from America. The…
Say It Ain’t So, Doug! Holtz-Eakin’s Misguided Defense of the Export-Import Bank
Former CBO Director and now American Action Forum President Douglas Holtz-Eakin is a solid economist and champion of pro-growth tax policy. But no one is perfect, as illustrated in this case by his misguided defense of the Export-Import bank. Though acknowledging…
Four Great Moments in Foreign Government Stupidity
While I mostly focus on bad government policy in the United States, I also think we can learn lessons from what’s happening in other nations. In some cases, I share positive stories, such as the success of privatized Social Security in Australia, nationwide school…