Since I’ve written before about Canada’s remarkable period of fiscal restraint during the 1990s, I am very pleased to see that the establishment press is finally giving some attention to what our northern neighbors did to reduce the burden of government spending. Here…
Daily Analysis
Will Europe’s Feckless Politicians Destroy the Euro?
As demonstrated by the new video from the Center for Freedom and Prosperity, there are five key lessons to learn from the fiscal crisis in Europe. Unfortunately, Europe’s despicable political class has not learned from their mistakes. They are not taking the simple…
This Cartoon Does Show How Politicians Think
This is probably my favorite political cartoon, and this one is the most-viewed post in the history of this blog, but here’s one probably should be near the top because it so perfectly captures the mindset of the political class. Though if you want to teach economics,…
Supercommittee Fight May Tell Us Whether the GOP Is Beyond Salvage
Some people have asked why I’m so agitated about the possibility that Republicans may acquiesce to tax increases as part of the Supercommittee negotiations. Rather than get into a lengthy discourse about the proper role of the federal government or an analysis of how…
This Is Why I’m Proud to Be an American
At a basic level, my attitude on patriotism is captured by this t-shirt. And hold the snarky comments. My view is not influenced by the woman modeling it. Or, if you want something with more substance, this Penn & Teller routine is very instructive. But this…
What Matters More to Republicans, Defending Taxpayers or Expanding Government?
Yesterday, I unloaded on supposed conservatives who are toying with a tax increase to enable more government spending. Why would they take that route in the “Supercommittee” deliberations, I wondered, when they can deliver a guaranteed victory for taxpayers by holding…
Would You Rather Have Bailouts or Real Capitalism?
arlier this month, I took part in an online debate for U.S. News & World Report about whether Europe or the United States was in deeper fiscal trouble. I wrote that Europe faced a bigger mess, though I warned that the United States was making the same mistakes of…
Some “Conservative” Members of the Stupid Party Push for Tax Increases to Enable Bigger Government
What would you do if you saw somebody standing at the top of a skyscraper, about to jump? Would you avert your eyes in horror? Would you watch in dismay as they plummeted to the ground? These are similar to the thoughts that are going through my mind as I watch…
Five Lessons for America from the European Fiscal Crisis
I’ve written about the fiscal implosion in Europe and warned that America faces the same fate if we don’t reform poorly designed entitlement programs such as Medicare and Medicaid. But this new video from the Center for Freedom and Prosperity, narrated by an Italian…
The French Government’s Moral Depravity and Self-Imposed Fiscal Suicide
Appearances can be deceiving. I saw an article with a blaring headline that warmed my heart: “France’s Sarkozy Eyes Welfare Rethink, Fraud Clampdown.” Could it be, I thought, that the political elite finally realized that the welfare state was the wrong model? Had…