I’ve certainly offered more than my fair share of Obamacare criticism. Since I’m a public finance economist, I’m mostly concerned that the law increases the fiscal burden of government. But I’m also irked that Obamacare will worsen the third-party payer crisis, which it the main problem with our health care system in America. And it […]
read more...I’ve written about how Obamacare is a costly boondoggle. I’ve written how it victimizes children, low-income workers, and retirees. And I’ve explained how it exacerbates the real problem in our healthcare system. I’ve even pointed out that there’s something good in the law. But I’ve never bothered to discuss how bad laws usually aren’t as […]
read more...I’ve shared some remarkable data showing that bureaucrats get paid more than people in the private sector. I’ve also dug into the Department of Labor’s JOLTS data to debunk those who argue bureaucrats aren’t overpaid. I’ve even showed that they work fewer hours (though that’s probably a good thing since presumably the nation will be […]
read more...At the risk of oversimplifying, there are two major challenges to overcome when you’re a pro-freedom policy wonk in Washington. The first challenge is getting people to connect the dots. They may understand that the job market is weak and they may understand that redistribution programs are overly generous, but can you help them understand […]
read more...Based on the dismal data from the Minneapolis Federal Reserve (as well as our own experiences), we know Obamanomics doesn’t work in the United States. But we also know bigger government doesn’t work in France. And we know it doesn’t work in Japan. We know it doesn’t work in Spain. We know it doesn’t work […]
read more...I got involved in a bit of a controversy last year about presidential profligacy. Some guy named Rex Nutting put together some data on government spending and claimed that Barack Obama was the most frugal President in recent history. I pointed out that Mr. Nutting’s data left something to be desired because he didn’t adjust […]
read more...I’m not a big fan of the European Commission. For those not familiar with this entity, it’s sort of the European version of the executive-branch bureaucracy we have in Washington. And like their counterparts in Washington, the Brussels-based bureaucracy enjoys a very lavish lifestyle while pushing for more government and engaging in bizarre forms of […]
read more...Want to know why – as shown by this map – most of America’s richest counties are part of the metropolitan DC region? Part of the answer is that federal bureaucrats are overpaid. Another part of the answer is that the Washington area is filled with consultants and contractors, and this shadow government workforce also […]
read more...I’m a big fan of that form of satire. And if I’m looking at cartoons specifically about statist economic policy, my favorites include Chuck Asay’s dead pig cartoon, as well as his cartoon about the big bad wolf. And this Michael Ramirez headwinds cartoon is one of the most-viewed posts in the history of my […]
read more...As illustrated by this chart, economists are lousy forecasters. To be more specific, economists are no better than fortune tellers when trying to make short-run macroeconomic forecasts. Heck, if we actually knew what was going to happen over the next 12 months, we’d all be billionaires. But we can (on occasion) make sensible predictions about […]
read more...