I haven’t spent much time writing about Thomas Piketty’s inequality book for the simple reason that my goal is economic liberty, not equality. That being said, I think that Piketty is fundamentally misguided even if the goal is helping the poor. Simply stated,…
Daily Analysis
The VA Health Scandal Is about Government Incompetence, not Inadequate Funding
I’ve never been susceptible to the claim that you solve problems with taxpayer money. Indeed, this amusing poster is a pretty good summary of my views on the effectiveness of government spending. But what about the horrific stories about veterans dying because of…
Global Trends in Economic Freedom
I’m in Vancouver, Canada, for the biennial meeting of the World Taxpayers Associations. I gave a speech on why tax competition is a valuable force to constrain the greed of the political class, but warned the audience that high-tax governments and international…
More Evidence that Big Government Doesn’t Work: Unambiguously Awful Employment Numbers
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…
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…