America desperately needs genuine entitlement reform to avoid a Greek-style fiscal future. The biggest problems are the health entitlements such as Medicare, Medicaid, and Obamacare, but Social Security also has a huge long-run fiscal shortfall. That’s why I’m a big…
Daily Analysis
TARP Was Bad, but the Looming Obamacare Bailout for Corrupt Insurance Companies Could Be Worse
I hate to dredge up bad memories so early in a new year, but we need to remind ourselves of the awful TARP bailout of 2008. Our financial system had gone out of whack because of bad monetary policy from the Federal Reserve and unsustainable housing subsidies from…
Boost Worker Pay – and Make the United States More Competitive – by Gutting the Corporate Income Tax
The business pages are reporting that Chrysler will be fully owned by Fiat after that Italian company buys up remaining shares. I don’t know what this means about the long-term viability of Chrysler, but we can say with great confidence that the company will be better…
Happy Crony New Year
Let’s start 2014 with a depressing story about the reprehensible way in which big companies get in bed with big government. If asked to list the example of cronyism that I find most nauseating, the Export-Import Bank would be at the top of my list. The Obamacare…
The Best and Worst Policy Developments of 2013
One year ago, I looked at the worst policy developments of 2012. I had some very good (or should I say bad?) options for that award, including the Supreme Court’s Obamacare decision, the IRS’s lawless decision to make American banks act as tax collectors for foreign…
You Be the Judge: When Should Government Be Allowed to Take Your Children?
As part of my “You Be the Judge” series, I periodically share stories that presumably create moral quandaries for libertarians and other advocates of limited government and individual liberty. Though I’ve been lax in this regard since my last iteration in the series…
Bipartisanship Is Generally a Good Thing…but for Politicians rather than Taxpayers
If you like to go along to get along, I suggest you don’t become a libertarian. At least not if you follow politics or work in Washington. Otherwise, you’re doomed to a life of endlessly pointing out that the emperor has no clothes. Here are three examples. 1. When…
The Biggest Risk Factor Leading to Premature Death Is…?
Nope, the answer isn’t smoking. Or fatty food. Or 16 oz. sodas. And it’s not alcohol, driving too fast, or standing between politicians and a TV camera. In the past 100 years or so, the biggest cause of premature death has been government. Back in 2011,…
A Manifesto for Free Markets in Health Care
Not counting humor-oriented pieces such as this and this, it’s been nearly a month since I’ve written about Obamacare. To make up for this oversight, today we’re going to look at a way out of the Obamacare mess. But the goal isn’t simply to repeal the President’s bad…
From France to California, Holiday Gloom from the Tax Police
It’s time to extinguish any lingering Christmas cheer. Today’s topic is over-bearing and tyrannical tax administration. To be more specific, we’re going to look at the extent to which taxpayers are mistreated during the process of collecting revenue. Yes, the amount…