Back in February, I said Australia probably was the country most likely to survive and prosper as much of the world suffered fiscal collapse and social chaos. In hindsight, I probably should have mentioned Canada as an option, in part because of pro-growth reforms in the past two decades that have significantly reduced the burden […]
read more...Forget the debate over whether Obama is a socialist. Now we’re discussing whether Jesus is for big government. Or, to be more accurate, the Pope has started a debate about whether free markets are bad, particularly for the poor. Samuel Gregg of the Acton Institute wrote about the underlying theological issues in an article for […]
read more...The genius of capitalism is that there is a link between effort and reward. In a genuine market economy (as opposed to cronyism), people can only make themselves rich by working harder and smarter to satisfy the needs and wants of others. The blunder of statism is that the link between effort and reward is […]
read more...Switzerland’s left-wing party has instigated a referendum for November 24 that asks voters to limit pay ranges so that a company wouldn’t be able to pay top employees more than 12 times what they’re paying their lowest-level employees. I talked with Neil Cavuto about this proposal and made several (hopefully) cogent points. Since Swiss voters […]
read more...Sometimes you find support for capitalism and small government in some rather unexpected places. I was surprised, for instance, when I found out that Gene Simmons, the lead singer for Kiss, stated that, “Capitalism is the best thing that ever happened to human beings. The welfare state sounds wonderful but it doesn’t work.” That’s pretty […]
read more...In prior posts, I’ve shared some remarkable numbers on the cost of regulation. Americans spend 8.8 billion hours every year filling out government forms. The economy-wide cost of regulation is now $1.75 trillion. For every bureaucrat at a regulatory agency, 100 jobs are destroyed in the economy’s productive sector. But the long-run damage may be even worse than […]
read more...I’ve narrated a video that cites Economic Freedom of the World data to explain the five major factors that determine economic performance. But that video is only six minutes long, so I only skim the surface. For those of you who feel that you’re missing out, you can listen to me pontificate on public policy […]
read more...I’ve written before about the remarkable vitality of Hong Kong and Singapore, two jurisdictions that deserve praise for small government and free markets. I have also praised Switzerland because of policies such as genuine federalism and financial privacy, and it goes without saying that I admire tax havens such as Bermuda, Monaco, and the Cayman […]
read more...Folks, the pendulum is swinging in the right direction. In recent weeks, I’ve shared a bunch of examples to support my hypothesis that libertarians, small-government conservatives, and classical liberals are finally making some progress. This trend actually started with the fiscal cliff, though that was simply a smaller-than-expected defeat. Since then, we’ve enjoyed victories on […]
read more...I’ve spent a lot of time debunking class-warfare tax policy, and I’ve certainly explained ’til I’m blue in the face that big government facilitates a pernicious form of corruption that enriches powerful and well-connected insiders. But I haven’t spent much time addressing the topic of income inequality, which is connected to those two other issues. […]
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