In my never-ending crusade to push for the right kind of austerity, I appeared on RT to pontificate on the merits of limited government. We got to cover a lot of material, so here’s some augmenting material. 1. The right kind of “austerity” is less government spending, which is why I’m very frustrated that the […]

For those who haven’t followed this issue, Kenneth Rogoff and Carmen Reinhart wrote an influential paper in 2010 arguing that government debt above 90 percent of GDP was associated with weaker economic performance. It turns out that the Rogoff and Reinhart made a mistake in their excel spreadsheet and this error was publicized in a […]

I’ve frequently commented on Europe’s fiscal mess and argued that excessive government spending is responsible for both the sovereign debt crisis and the economic stagnation that plagues the continent. But it does seem that things have calmed down, so the readers who have submitted questions about whether the fiscal crisis has ended obviously are paying […]

Our number one fiscal problem is an excessive burden of government spending. A big part of the solution is entitlement reform. Our number two fiscal problem is a punitive and corrupt tax code (as captured by images here, here, and here). A big part of the solution is a simple and fair flat tax. So […]

If done well, an image can say a thousand words. The Heritage Foundation shows us what Obama has in mind when he talks about a “balanced” plan. This chart, while horrifying and visually powerful, actually understates the case against Obama. The President is not proposing to cut spending by $400 billion. He’s only proposing to […]

You have to give President Obama credit for chutzpah. He pushed through a faux stimulus in his first year and Obamacare in his second year, both of which significantly increased the burden of government spending. In the past two years, he’s basically punted, proposing budgets that are so laughably unserious that they received zero votes […]

Everyone has a cross to bear in life, some sort of burden or obligation, often self-imposed. For some inexplicable reason, I’ve decided that one of my responsibilities is to educate a backwards and primitive people who seem impervious to common sense, simple logic, and strong principles. As you’ve probably guessed already, I’m talking about Republicans. […]

I’m in Slovenia where I just finished indoctrinating educating a bunch of students on the importance of Mitchell’s Golden Rule as a means of restraining the burden of government spending. And I emphasized that the fiscal problem in Europe is the size of government, not the fact that nations are having a hard time borrowing […]