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...Two days ago, I shared an insightful article from Kevin Williamson as we contemplated the President’s ideology. Yesterday, we reviewed an article by Richard Epstein in hopes of deciphering Obama’s approach to economic policy. Let’s conclude our series by looking at whether there’s something special about the scandals swirling around the White House. Big government […]
read more...President Obama made a much-hyped pivot-to-the-economy speech yesterday in Chattanooga, Tennessee. I already explained, immediately following the speech, why his “grand bargain” on corporate taxes was not a good deal because of all the hidden taxes on new investment and international competitiveness. But I also had a chance to dissect the President’s overall track record […]
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