Larry Summers served as Chairman of the National Economic Council for Barack Obama, so it is rather remarkable that he is admitting that the economy is in deep trouble and that America may be on the verge of long-term, Japanese-style stagnation. Here’s part of what he…
Daily Analysis
Corrupt Obamacare Waiver Process Is Like a Scene from Atlas Shrugged
In a column about the revolving door between big government and the lobbying world, here’s what the irreplaceable Tim Carney wrote about the waiver process for folks trying to escape the burden of government-run healthcare. Congress imposes mandates on other entities,…
Amazon Abandoning Greedy States with Online Retail Taxes
In continued news of people responding to tax competition, online retail giant Amazon.com Inc. has announced it is scrapping deals in Arkansas and Connecticut due to new legislation requiring new online retail taxes. As the Wall Street Journal reported: Amazon.com…
Individualism Is Good for Growth, not Collectivism
There are lots of things that are important for a good life and a prosperous, well-functioning society, including family and community. But something else that belongs on the list, at least if you want more growth, is individualism. Here’s an excerpt from a new study…
Boost Economic Growth by Slashing the Size of Government
It doesn’t get much attention, but one of the most interesting economic experiments in American history occurred right after World War II. Despite warnings of Armageddon from Keynesian economists, government spending was slashed as the United States demobilized from…
Block-Granting Medicaid Is a Long-Overdue Way of Restoring Federalism and Promoting Good Fiscal Policy
This new video from the Center for Freedom and Prosperity explains why Medicaid should be shifted to the states. As I note in the title of this post, it’s good federalism policy and good fiscal policy. But the video also explains that Medicaid reform is good health…
Will the U.S. Government Get Downgraded…and Would It Matter?
Here’s another news appearance from my new youtube channel. I chat about the importance (or lack thereof) of a possible ratings downgrade for the United States government. You’ll see that I’m not overly impressed by Moody’s and the rest of the rating agencies.
In Symbol of Government Stupidity, the Nanny State Meets the Quota Cops
Here’s the kind of story that makes me fear for the future of the nation. It is a disturbing example of both government stupidity and soft tyranny. The police may not be ticketing for smoking in the parks, but they are still ticketing parker visitors for crimes…
Bill Cosby Cites High Taxes As Reason For Not Performing In Canada
Bill Cosby, actor and comedian, cited the comparatively high taxes in Canada as to why he has no tour dates there anytime soon. Asked by a fan on his Twitter account why he isn’t coming to our neighbor to the North, he replied: It is a commonly held belief that famous…
Why Is a Car Company CEO Urging a Gas Tax Hike?!?
I’ve finally set up a youtube page for my TV interviews. Here’s my discussion with Judge Napolitano about crony capitalism, General Motors, and the bizarre case of a car company CEO endorsing an increase in the gas tax. The most important point of the interview, at…