Who Should Pay When Government Fails?

Who Should Pay When Government Fails?

Early last decade, a former Prime Minister of Iceland was brought before a special tribunal to determine whether he was legally responsible for his nation’s 2008 economic downturn. As you might imagine, I had mixed emotions about that story. On one...
A Fiscal Joke, Not a Grand Bargain

A Fiscal Joke, Not a Grand Bargain

As indicated by one of my columns last week, I’m a big believer in federalism. Indeed, I’ve even proposed that Washington shouldn’t operate any social programs. No food stamps. No Medicaid. No redistribution programs of any kind. Such programs, to the extent they...