Thomas Sowell, George Will, and Walter Williams have all explained that the Constitution imposes strict limits on the powers of the federal government. This means, for all intents and purposes, that it is a somewhat anti-democratic document. And by anti-democratic, I…
Daily Analysis
Based on What’s Happening in the Czech Republic, Perhaps the Lesson to Learn Is that All Right-Wing Parties Are Controlled by Morons
I periodically mock Republicans for being the stupid party. Yes, some of them probably mean well, but they have this lemming-like instinct to throw themselves on hand grenades. But I noted back in April that the supposedly right-wing Christian Democrat party in…
A Picture Says a Thousand Words: President Obama’s Dismal Failure on Jobs
If it wasn’t for the fact that so many people are suffering and being seduced into empty lives of government dependency (symbolized by Julia, the world’s most disappointing daughter), I might feel sorry for President Obama. He promised unemployment would never climb…
Does the $16 Trillion Debt Matter? A Remedial Lesson in Public Finance Economics for the GOP
Everyone has a cross to bear in life, some sort of burden or obligation, often self-imposed. For some inexplicable reason, I’ve decided that one of my responsibilities is to educate a backwards and primitive people who seem impervious to common sense, simple logic,…
Will American Exceptionalism Be Destroyed by the Entitlement Society?
I wrote a celebratory post last November about the dramatic difference between Americans and Europeans. There truly is American exceptionalism in that Europeans are much more likely to think it is government’s responsibility to provide the basics of life. Another poll…
Another Dismal Assessment of Obamanomics: United States Drops to 7th in WEF’s Global Competitiveness Index
Every year, I look forward to the annual releases of both Economic Freedom of the World and the Index of Economic Freedom. With their comprehensive rankings, these two publications enable interested parties to compare nations and see which countries are moving in the…
Study from German Economists Shows that Tax Competition and Fiscal Decentralization Limit Income Redistribution
If we want to avoid the kind of Greek-style fiscal collapse implied by this BIS and OECD data, we need some external force to limit the tendency of politicians to over-tax and over-spend. That’s why I’m a big advocate of tax competition, fiscal sovereignty, and…
With Unemployment Already High, Why Are Leftists Pushing for an Increase in the Minimum Wage?
The unemployment rate has been stuck above 8 percent ever since Obama pushed through his ill-fated stimulus scheme to increase the burden of government spending. This high level of joblessness presumably reduces Obama’s chances of getting reelected, so you would think…
Fed Critics Should Worry About More Than Easy Money and Inflation
If people are criticizing the Federal Reserve, it’s overwhelmingly likely that they are focused on the central bank’s poor conduct of monetary policy. And there’s plenty to criticize, as documented in this video featuring Professor George Selgin. I also have a video,…
Almost All Nations Are Heading for Collapse, but Greece Is Special (in a Bad Way)
I wrote yesterday that the United Kingdom is doomed because there isn’t a political party with the vision or courage to restrain the welfare state. At various points, I’ve also expressed pessimism about the future of France, Germany, Italy, Spain, Ireland, and even…