I’ve had dozens of posts about overpaid bureaucrats. Indeed, I’ve largely stopped blogging about the topic because it is so depressing to constantly be reminded about how a privileged class of people is manipulating the system to coercively obtain undeserved…
Daily Analysis
I Don’t Care if You Wear Diapers as a 30-Year Old, but Don’t Ask Me to Subsidize Your Lifestyle
I wrote yesterday about the shocking case of a millionaire collecting food stamps. Today, I have an equally disgusting story of government waste. The Social Security program is actuarially bankrupt, with unfunded liabilities of several trillion dollars. Our topic…
CF&P Testifies Against Harmful IRS Regulation
Almost ten years after first testifying against a proposal by the IRS to collect unnecessary information from foreign deposit holders, which would then be turned over to foreign governments, I once again represented CF&P and the Coalition for Tax Competition in…
Gee, I’m Glad I Pay Taxes to Give Food Stamps to a Millionaire
Not that we needed any additional evidence that the government wastes money in truly spectacular fashion, but this story from the Detroit Free Press is especially disgusting and outrageous. A man who won $2 million on a Michigan lottery show has told a TV station that…
Punish the French Rapist, but the Real Target Should Be the IMF
I certainly take second place to nobody in my utter contempt for Dominique Strauss-Kahn, the head of the International Monetary Fund. Who knew that forcing yourself (allegedly) on women could earn you a reputation as “the Great Seducer”? I guess my failure to…
Greetings from Bermuda – a Multiracial Paradise Disliked by the Left
My fight for freedom often requires great sacrifice. Last month, I went to Monaco and spoke about financial regulation and bailouts. Today, I’m in Bermuda, where I just gave a speech about tax competition. Both jurisdictions are remarkable places, among the richest…
Who’s Right on Medicare Reform, Ryan and Rivlin or Obama and Gingrich?
This new video from the Center for Freedom and Prosperity discusses a proposal to solve Medicare’s bankrupt finances by replacing an unsustainable entitlement with a “premium-support” system for private insurance, also known as vouchers. This topic is very hot right…
Dissecting Obama’s High-Speed Rail Boondoggle and other Transportation Nightmares
It’s 45 minutes long, but this video from the folks at Reason TV is filled with good information on the foolish ideas of central planners who want to control our transportation. You’ll learn in the first half of the video, for instance, how high-speed rail is like…
Fun Times at the IMF: Rape Taxpayers, then Hotel Maids
Let’s start with a giant disclaimer that the head of the IMF, Dominique Strauss-Kahn, is accused of forcibly sodomizing a hotel maid and we have no idea whether it’s true. There are even rumors that this is a plot hatched by Nikolas Sarkozy to cripple a potential…
What Caused the Financial Crisis: Private Greed and Criminality or Government Stupidity and Incompetence?
Here are two superb articles on the financial crisis. First, from Peter Wallison at the American Enterprise Institute, we have a piece on the role of government housing subsidies. Since he warned, in advance, that Fannie Mae and Freddie Mac were ticking time bombs,…