I was on Larry Kudlow’s CNBC show recently, where I debated against Robert Reich. I made (what I hope are) good points about the Laffer Curve and the big-government policies of both Bush and Obama. The bad news, as least from a personal perspective, is that the last half of the interview became a debate […]
read more...Many European nations face a sovereign debt crisis because of excessive spending caused by too much redistribution. The obvious – and only – solution to this crisis is to reverse the policies that caused the problem. So take a wild guess about what the International Monetary Fund recommended: Did the international bureaucracy recommend that nations […]
read more...One of the tax increases buried in Obamacare was an onerous and intrusive “1099″ scheme that would have required businesses to collect tax identification numbers for just about any vendor and then send paperwork to the IRS whenever they did more than $600 of business. Send one of your sales people to New York for […]
read more...Michelle Malkin hits the nail on the head, explaining that ex-Congressman Anthony Weiner is a wretched (but not unusual) example of the modern politician – a life spent mooching from the public, lining his pockets while making life harder for people in the productive sector of the economy. And every time people like Weiner (including […]
read more...News reports indicate that the left is putting enormous pressure on Republicans to sell out as part of the “Biden Group” negotiations between Congress and the Vice President. I explained the other day why the left is so anxious to get GOPers to surrender on the tax issue. Simply stated, the left’s fiscal agenda requires […]
read more...I’ve explained before that one of the most damning pieces of evidence against Obamanomics is that the economy is suffering from sub-par growth, something that is particularly damning since normally one expects to see faster-than-average growth following an economic downturn. In a recent presentation, Robert Lucas of the University of Chicago included a couple of […]
read more...Ben Bernanke is definitely trying hard to overtake Arthur Burns and G. William Miller (those wonderful guys who helped give us the 1970s) as the worst Fed Chairman of the modern era. But unlike Burns and Miller, who “earned” their poor reputations with bad monetary policy, Bernanke is trying to cement his place in history […]
read more...The main political goal of the left is to seduce Republicans into supporting higher taxes. Bluntly stated, all of their fiscal policy goals require more tax revenue coming to Washington. The most important factor (from their perspective) is that they can’t make government much bigger than it is right now without a major tax increase. […]
read more...This new video from the Center for Freedom and Prosperity explains why Medicaid should be shifted to the states. As I note in the title of this post, it’s good federalism policy and good fiscal policy. But the video also explains that Medicaid reform is good health policy since it creates an opportunity to deal […]
read more...Here’s a stomach-turning story from the Chicago Sun Times about how the political class uses special insider deals to get rich (or richer). What’s remarkable is that there may be nothing technically illegal in this story of crony capitalism and government contracts. But does anyone doubt that being the Mayor’s son was not a relevant […]
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