While I think of myself as being in favor of harsh punishment for criminals, I try to restrain this bloodthirsty impulse by remembering that many laws are unjust, all governments are incompetent, and prosecutors often place personal ambition above justice. And the…
Daily Analysis
Discussing the Tax Deal on Bloomberg TV
Appearing on Bloomberg TV, I pontificate about the good, the bad, and the ugly in the recent tax deal. I also make what I hope are good points about the Laffer Curve and the meaning of deficits. The video won’t embed, but just click here and you can watch it on…
Why Does Friedrich Hayek Get all the Girls Instead of Me?
This doesn’t have the production quality of the Hayek-Keynes rap video, and it presumably won’t get as many views, but this young lady has a very clever love song for Friedrich Hayek.
Who Needs Krugman, Summers, and the San Francisco Fed When You Have a Ramirez Cartoon?
I don’t now why I bothered spending all that time perusing the writings of Paul Krugman and Larry Summers in order to produce my previous blog post when this Michael Ramirez cartoon makes the same point in a much simpler way.
Why Do Democrats (and Republicans) Want More Unemployment?
The two main political parties are sniping at each other about the just-concluded tax deal, largely because Republicans are happy and Democrats are displeased that all of the 2001/2003 tax cuts are being extended for all taxpayers. Almost nobody is paying attention to…
High Taxes Encourage Crime
We all know that alcohol prohibition was great news for organized crime in the 1920s, and we also know that drug prohibition is causing widespread societal destruction today, but taxation also can facilitate criminal behavior. Specifically, there is considerable…
Let’s Be Thankful Terrorists Are Even Less Competent than the TSA
We all grumble that going to the airport now means long lines and invasions of privacy, but we hope that at least we’re getting safety in exchange for all the hassle. But based on results of random tests, the only thing we can really conclude is that terrorists must…
Two Bad Stories for Property Rights
Two recent stories are sure to get your blood boiling if you support private property rights. The first regards a decision by the Supreme Court not to hear a New York eminent domain case, which saw Columbia University first game the system to have property falsely…
Should the Clowns at the United Nations Be Given Power to Regulate the Internet?!?
Some ideas are so horrible that I’m almost at a loss for words. The United Nations is a grotesquely wasteful and corrupt international bureaucracy with a long track record of failure and incompetence. Yet some people think this collection of looters, moochers, and…
Taxpayers Got a Big Christmas Present Yesterday, but It Wasn’t the Tax Bill
There’s a lot of attention being paid to yesterday’s landslide vote in the House to prevent a big tax increase next year. If you’re a glass-half-full optimist, you will be celebrating the good news for taxpayers. If you’re a glass-half empty pessimist, you will be…