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 […]
read more...A couple of months ago, I discussed a column by Arthur Brooks, in which he explained that libertarians and conservatives need to make a moral argument for capitalism and not just rely on statistics and economic analysis. This is correct, I believe, and I cited myself as an example. When the flat tax became an […]
read more...This mini-documentary from the Center for Freedom and Prosperity Foundation explains that “third-party payer” is the main problem with America’s health care system. This is why undoing Obamacare, while desirable, is just a small first step if we want to reduce costs and boost efficiency.
read more...This mini-documentary from the Center for Freedom and Prosperity Foundation explains that “third-party payer” is the main problem with America’s health care system. This is why undoing Obamacare, while desirable, is just a small first step if we want to reduce costs and boost efficiency.
read more...To answer the question in the title, it means you need to read the fine print. This is because we have a president who thinks the government shouldn’t confiscate more than 20 percent of a company’s income, but he only gives that advice when he’s in Ghana. And the same president says it’s time to […]
read more...Back in 2010, I cited the superb work of Christina Hoff Summers as she explained that we should let markets determine wages rather than giving that power to a bunch of bean-counting bureaucrats. She wrote that article because leftists at the time were pushing a so-called Paycheck Fairness Act that would have given the government […]
read more...I sometimes wonder whether journalists have the slightest idea of how capitalism works. In recent weeks, we’ve seen breathless reporting on the $2 billion loss at JP Morgan Chase, and now there’s a big kerfuffle about the falling value of Facebook stock. In response to these supposed scandals, there are all sorts of articles being […]
read more...We know that the United States and most other developed nations are in deep trouble if we leave government policy on auto-pilot. And we know the painful day of reckoning will arrive even faster if we continue the Bush-Obama policies of expanding the burden of the public sector. All this sounds very depressing, but the […]
read more...Sweden has a very large and expensive welfare state, but it’s actually becoming a bit of a role model for economic reform. I’ve already commented on the country’s impressive school choice system and noted that the Swedes have partially privatized their Social Security system. I even wrote a Cato study looking at the good and […]
read more...A problem in Washington is that people who specialize in particular fields are tempted to exaggerate the importance of their issues. To cite a couple of examples: People who work on monetary policy think their issue is most important, and you can understand why after watching this George Selgin video. People who work on regulatory […]
read more...