Ireland may be in a recession (caused in large part by misguided housing subsidies), but there are two things worth admiring about the Emerald Isle’s public policy. Many wonks already know about the first policy, the 12.5 percent corporate tax rate that helped…
Daily Analysis
My Big Fat Greek Budget.
Since we’re already depressed by the enactment of Obamacare, we may as well wallow in misery by looking at some long-term budget numbers. The chart below, which is based on the Congressional Budget Office’s long-run estimates, shows that federal government…
Great Moments in International Bureaucracy.
Greece’s fiscal disarray is a visible manifestation of Europe’s future, but the most appropriate symbol of what’s wrong with the continent comes from Brussels, where there are three “presidents” fighting over the right to represent Europe…
The Right Way to Deal with Budget Problems.
The Wall Street Journal has a good editorial today lauding the new Republicans governors of New Jersey and Virginia, both of whom are reducing spending. But unlike in Washington, where a spending cut is so loosely defined that politicians can increase spending and…
Pushing Higher Taxes in America…and Around the World.
If nothing else, the Obama Administration at least is consistent. Not only do they want higher taxes in America, but they also want other nations to pursue ruinous class warfare policies. Here’s an excerpt from Tax-news.com: US Secretary of State, Hillary…
Only Mark Steyn Could (Appropriately) Combine Pornography and Healthcare.
Very funny column, but the underlying message is quite depressing: Last Thursday, the California Occupational Safety and Health Standards Board voted to set up a committee to examine whether condoms should be required on all pornographic film shoots. California has…
A Victory Against the Federal Reserve
Kudos to the federal appeals court that just ruled that the Federal Reserve has no right to hide the sordid special handouts it provided to well-connected financial firms. Here’s an excerpt from a report about the decision: The Federal Reserve Board must…
A Proposal that Actually Would Improve Health Care and Lower Costs
While the politicians in Washington are poised to undermine the healthcare system with additional layers of taxes, spending, and regulation, Steven Chapman proposes to use markets to improve a part of the system that is suffering from a punitive form of price…
The Joy of Government-Run Healthcare
I don’t think the number of doctors leaving the profession will come anywhere close to this level, but polling data reported by the New England Journal of Medicine is another indication of the dangers of letting politicians get even more power over the health…
Personal Accounts Are Better than Empty Promises from Social Security
My Cato colleague Jose Pinera makes a powerful argument for “privatizing” Social Security, which is something that has happened in about 30 nations. My Ph.D. dissertation was on Australia’s private system, so I’ve always had a soft spot for…