I’ve run across very few good cartoons about Keynesian economics. If my aging memory is correct, I’ve only posted two of them. But at least they’re both very good. We have one involving Obama, sharks, and a lifeboat, and another one involving an overburdened jockey. Now we have a third cartoon to add to the […]

I’m in Vilnius, Lithuania, where I just finished speaking to a regional conference of the European Students for Liberty. I subjected the kids to more than 90 minutes of pontificating and 73 PowerPoint slides, but I could have saved them a lot of time if I simply showed them this Rahn Curve video and then […]

Last month, I exposed some major errors that Paul Krugman committed when he criticized Estonia for restraining the burden of government spending. My analysis will be helpful since I am now in Estonia for a speech about economic reform, and I wrote a column that was published yesterday by the nation’s main business newspaper. But […]

I’ve often complained that government-created third-party payer is the main problem with America’s healthcare system, and I was making that point well before Obamacare was imposed upon the country. Simply stated, people won’t be smart consumers and providers won’t compete to keep costs low when the vast majority of expenses are paid for either by […]

Remember back in 2009, when President Obama and his team told us that we needed to squander $800 billion on a so-called stimulus package. The crowd in Washington was quite confident that Keynesian spending was going to save the day, even though similar efforts had failed for Hoover and Roosevelt in the 1930s, for Japan […]

Since I’ve written several times that the United States will face a fiscal crisis if entitlement programs aren’t reformed, you won’t be surprised to see that I repeat those points in this CNBC debate. But I’m not happy with my performance. Not because my leftist opponent grabbed more air time (mostly because the host started […]

It seems that any argument about the economy eventually boils down to the core issue of whether government spending acts as a stimulus or whether it is – in the words of Thomas Sowell – a sedative that undermines prosperity. So when Robert Reich and I went on Erin Burnett’s CNN show to discuss Obama’s […]

Government bureaucrats are significantly overpaid compared to folks in the productive sector of the economy. So you would think I’d support cuts, especially the kind that get rid of excess blubber in the government workforce. But not when it means higher costs for taxpayers, and that’s exactly what’s happening in New York, where Buffalo taxpayers […]

Guido Westerwelle is supposed to be the German version of a libertarian. Currently serving as Foreign Minister, he was the chairman of the supposedly pro-market Free Democratic Party for 10 years and Wikipedia says he was known as a “proponent of an unlimited free market economy.” Sounds like a good guy, right? Just the type […]

I’ve mocked France on several occasions, and I thought Sarkozy was so bad that I figured (in the long run) the election of Hollande was a step in the right direction. But in certain ways, France isn’t as bad as the United States. The New York Times has a big story about French entrepreneurs and […]