I’ve never focused much on immigration issues, but this EU Observer story caught my eye. Libya’s dictator is asking the European Union to give his country €5 billion (more than $6 billion) each year as a price for stopping illegal migration across the Mediterranean….
Daily Analysis
A Wide-Ranging Interview Covering Everything from the Gold Standard to the Value-Added Tax
The Free Market Mojo site asked me a number of interesting questions about public policy. I’m not sure all of my answers were interesting, but here are some snippets that capture my curmudgeonly outlook. I think it’s important to divide the topic into two issues, the…
Lifestyles of the Rich and Shameless
The gilded nobility otherwise known as politicians get lavish compensation packages, particularly when fringe benefits are part of the equation. But that doesn’t include their first class travel to exotic overseas locations. And even that doesn’t count the…
Record Levels of Dependency Are Nothing to Celebrate
One of the big problems with statists is that they define compassion incorrectly. They think they are being compassionate when they take other people’s money and give it to somebody that they define as being less fortunate. But genuine compassion occurs when you spend…
Great Moments in Regulation
This story from St. Louis, which my Cato colleague Walter Olson cites in a post about OSHA, is a typical example of bureaucratic stupidity and absurd “safety” laws. My favorite part is that the bureaucrat actually thought it would be reasonable to rent a lift for $750…
Dishonest British Budgeting…Just Like We Do It in America
According to news coverage, United Kingdom Prime Minister Cameron is imposing deep and savage budget cuts. I was interviewed by the BBC recently, for instance, and asked whether 25 percent spending reductions were too harsh. And here’s an excerpt from a New York Times…
Should the FDA Get More Power after Salmonella Egg Scare?
Steve Chapman of the Chicago Tribune makes several excellent points in his column on the recent salmonella scare, commenting on the absurd tendency to reward government bureaucracies that screw up. But more important, he explains that there are very strong incentives…
The Laffer Curve Strikes Again
In the private sector, no business owner would be dumb enough to assume that higher prices automatically translate into proportionately higher revenues. If McDonald’s boosted hamburger prices by 30 percent, for instance, the experts at the company would fully expect…
Higher Tax Rates on the Rich Will Backfire
I know I’ve beaten this drum several times before, but the Wall Street Journal today has a very good explanation of why class-warfare tax policy will backfire. The Journal’s editorial focuses on what happened after the 2003 tax rate reductions. And below the excerpt,…
Alabama Redistributing from the Poor to the Rich
Advocates of big government think it is appropriate for the state to redistribute wealth out of a sense of fairness. They usually claim to want some form of taking from the wealthy to give to the poor. But the practice of redistribution is actually quite different. …