In a recent post, I explained some of the reasons why Greece should not get another bailout. I cover some of the same points in this Bloomberg interview, but my favorite part is when I state that it’s time for the Greek people to realize “they can’t loot and mooch…
Daily Analysis
The “Tax Expenditure” Con Job
e left is desperately trying to maneuver Republicans into going along with a tax increase. And they are smart to make this their top goal. After all, it will be very difficult – if not impossible – to increase the burden of government spending without more revenue…
Words I Never Thought Would Cross My Lips: “Government Is even More Incompetent than I Thought”
Regular readers know that I don’t have high regard for government. I’m willing to believe just about anything bad about politicians and bureaucrats, and I am not the least bit surprised when I hear horror stories about counterproductive government programs riddled…
Three Simple Rules to Keep Republicans from Being Seduced by Dishonest and Orwellian Word Games from the Left on Tax Reform and Tax Increases
Those who had the misfortune of seeing President Obama go after “tax breaks for corporate jets” as part of his press conference may be wondering why he was attacking a provision that was in his so-called stimulus and enacted by a Democratic-controlled Congress in…
Why Are Some Countries Rich and Others Poor?
Here’s a new video, less than 2-1/2 minutes, pointing out some of the key differences between rich nations and poor nations. Not surprisingly, small government, free markets, and sound institutions are critical. I narrated a similar video, released more than two years…
The Libertarian Paradise of Argentina???
Okay, the title of this post is a huge overstatement. I’ve already noted here that Argentina is not a good role model and warned here how that Obama is repeating many of the mistakes that undermined Argentinian prosperity. But I’m nonetheless impressed that Argentina…
Tom Sowell’s Latest Column Is a Good Birthday Present for Me
As far as I can tell, everything that Thomas Sowell writes is worth reading, but I especially like how he is so effective at linking his arguments to the underlying principles of a free society. And when he writes a column focused on those underlying principles, I…
Two Examples of Reprehensible and Outrageous TSA Behavior…and Senator Rand Paul Speaks Up for Common Sense
I’ve largely stopped beating up on the TSA because it seems like a dog-bites-man or sun-rises-in-the-east issue. Do we really learn anything by repetitively discussing the stupidity on one bureaucracy? But sometimes the idiocy reaches such an extreme level that it…
We Don’t Need an Investor-in-Chief
How was anything ever invented before government started “investing” in new technologies? One wonders these things, given the seriousness with which Keynesians seem to believe that if they don’t choose the economic winners and then throw large sums of money at them –…
Should American Taxpayers Finance another Big Fat Greek Bailout?
The notion that American taxpayers are about to subsidize another Greek bailout (via the Keystone Cops at the IMF) is way beyond economically foolish. It is also morally offensive. To turn Winston Churchill’s famous quote upside down: “Never have so many paid so much…