By fighting for freedom in Washington, I’ve condemned myself to a life of frustration and aggravation. One of my many pet peeves is that so many people in DC believe that economic growth depends on consumer spending. Back in the early days of this blog, I wrote the…
Daily Analysis
Everything You Need to Know about Entitlement Reform
Most people have a vague understanding that America has a huge long-run fiscal problem. They’re right, though they probably don’t realize the seriousness of that looming crisis. Here’s what you need to know: America’s fiscal crisis is actually a spending crisis, and…
European Economic Crisis Highlights an Increasingly Important Reason to Oppose Gun Control
bout a year ago, I spoke at a conference in Europe that attracted a lot of very rich people from all over the continent, as well as a lot of people who manage money for high-net-worth individuals. What made this conference remarkable was not the presentations, though…
Despicable and Corrupt Republicans Vote for More Housing Subsidies
Remember my post from a week ago when I said I was not a Republican even though Ronald Reagan and Calvin Coolidge are two of my heroes? Well, now I have another reason to despise the GOP. Those reprehensible statists just voted to expand federal housing subsidies….
Walter Williams vs. Barack Obama on Class Warfare
It isn’t fair to compare and contrast the views of a distinguished economist with the envious ramblings of a career politician/community activist. But it’s also not right for the government to use coercion to impose bad policy, so I don’t feel guilty about sharing…
Europe’s Dismal Outlook
The economic and fiscal crisis in Europe looks worse every day as a growing number of international investors decide that nations such as Greece, Portugal, Italy, and Spain can’t be trusted. As a result, interest rates on government debt are hitting record levels. Not…
Australia’s Shameful Stifling of Free Speech and Political Dissent
I haven’t written much on the global-warming debate, other than to warn about how agenda-driven government funding is corrupting scientific inquiry and to mock nutjob extremists who assert climate change will cause catastrophes ranging from genocide to AIDS. But I…
I’m Thankful…that I’m Not an Idiot Education Bureaucrat from Florida
I’m thankful for the usual things, such as my kids and being an American. But I’m also thankful I’m not a blithering idiot like the bureaucrats at a Florida school. Here are a few details of this astounding example of utter stupidity. A sheriff’s deputy was dispatched…
Sequestration Does Not Endanger America’s National Security
The left wanted to get one thing from the Supercommittee, and that was to seduce gullible Republicans into a 1990-style tax increase deal in order to enable bigger government. But I was pleasantly surprised when GOPers failed to surrender, which means that taxpayers…
The Federal Budget Process and Bureaucratic Incentives, Nicely Captured by a Cartoon
I’ve done a video on excessive compensation for bureaucrats and I’ve written many times about wasteful spending, but here’s a cartoon that manages to effectively combine both concepts. If your eyes are getting old like mine, you may need to click on the image to read…