Looking at the well-governed and not-so-well-governed states.

The Greece of the Caribbean.

Obvious connections missed.

Why are they paying Greece to raise taxes?

How close is America to pulling a Greece?

Balanced budgets are fine. Spending caps are better.

Republicans should use the Clinton budget against Democrats.

The EU should stop throwing good money after bad.

I had a very bad lunch today. But not because of what I ate. My lunch was unpleasant because I moderated anoontime panel on Capitol Hill featuring Senator Ron Johnson of Wisconsin and my Cato colleague Chris Edwards. And I should hasten to add that they were splendid company. The unpleasant part of the lunch was […]

Libertarians tend to like – or at least have a grudging respect for – the underground economy. For instance, even if we’re personally very straight-laced, we don’t like government prohibitions against gambling, drugs, and prostitution. This is why we’re not upset when these things happen in spite of the laws enacted by the political class. But […]