If people are criticizing the Federal Reserve, it’s overwhelmingly likely that they are focused on the central bank’s poor conduct of monetary policy. And there’s plenty to criticize, as documented in this video featuring Professor George Selgin. I also have a video, explaining how central banks arose and noting that private markets were responsible for […]

Although this line is attributed to many people, Wikiquote says that Gideon Tucker was the first to warn us that “No man’s life, liberty, or property are safe while the legislature is in session.” This cartoon about Keynesian economics sort of makes the same point, but not with the same eloquence. But that’s not the […]

As part of his campaign to expand the size and scope of the federal government (and to justify his advocacy of class-warfare taxation), President Obama has been asserting that all of us benefit from government spending. It’s why he now echoes Elizabeth Warren’s claim that entrepreneurs owe their success to government programs and activities. It’s […]

Republicans are telling voters that they’ve learned the hard lessons from the 2006 and 2008 elections and that they are back on the side of taxpayers. I’m not convinced, which is why I’ve outlined some key tests that will demonstrate whether the GOP genuinely supports limited government. o No tax increases, since more money for […]

Back in 2009, I got very excited when President Obama stated, “No business wants to invest in a place where the government skims 20 percent off the top.” Did that mean he wanted to reduce America’s punitive and anti-competitive corporate tax burden? Or maybe even fix the entire tax code and install a simple and […]