Tag Archives : government spending
Can You Spell L-A-F-F-E-R C-U-R-V-E?
I’m thinking of inventing a game, sort of a fiscal version of Pin the Tail on the Donkey. Only the way it will work is that there will be a map of the world and the winner will be the blindfolded person who puts their pin closest to a nation such as Australia or Switzerland […]
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Mirror, Mirror, on the Wall, Which Nation Is in the Deepest Fiscal Doo-Doo of All?
According to the Bank for International Settlements, the United States has a terrible long-run fiscal outlook. Assuming we don’t implement genuine entitlement reform, the only countries in worse shape are the United Kingdom and Japan. The Organization for Economic Cooperation and Development, meanwhile, also has a grim fiscal outlook for America. According to their numbers, […]
read more...The Moochers and Looters in France Are Running Out of Victims
The late, great Margaret Thatcher famously said that “Socialist governments…always run out of other people’s money” and “I love the smell of napalm in the morning” is an iconic line from Apocalypse Now. Thinking about the fiscal mess in Europe, I’m going to combine these two sentiments and state that, “I love it when statists […]
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By Global Standards, the Government Education Bureaucracy Gets the Most Money while Delivering Mediocre Results
I don’t write or speak about education very much, but, when asked, I explain that America has a very costly and inefficient government school monopoly. The strongest piece of evidence is an amazing chart put together by a Cato colleague. It shows that education spending has skyrocketed while educational performance has stagnated. One of my […]
read more...The Never-Ending Story of Government Cost Overruns
Why does virtually everything the government does cost more than we’re initially told? In 2009, for instance, I warned that Obamacare would be much more costly than advertised, so I certainly wasn’t surprised several years later when the numbers began to climb. Heck, I narrated an entire video warning that this would happen. There are […]
read more...Responding to Scandals and Corruption, the IRS Rewards Itself with Giant Bonuses
What do you do if you’re part of a government bureaucracy that has been caught red-handed engaged in sleazy, corrupt, and (almost surely) illegal targeting of Americans for their political beliefs? But before you answer, keep in mind that your bureaucracy also has been exposed for wasting huge amounts of money at lavish conferences. What’s […]
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Europe’s Politicians Learned the Wrong Lesson from Saint Augustine
In my never-ending crusade to push for the right kind of austerity, I appeared on RT to pontificate on the merits of limited government. We got to cover a lot of material, so here’s some augmenting material. 1. The right kind of “austerity” is less government spending, which is why I’m very frustrated that the […]
read more...What’s the Better Role Model, France or Switzerland?
At the European Resource Bank conference earlier this month, Pierre Bessard from Switzerland’s Institut Liberal spoke on a panel investigating “The Link between the Weight of the State and Economic prosperity.” His presentation included two slides that definitely are worth sharing. The first slide, which is based on research from the Boston Consulting Group, looks at […]
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Siding with the Heritage Foundation in the “Austerity” Fight with Paul Krugman and the Washington Post
I’m not reluctant to criticize my friends at the Heritage Foundation. In some cases, it is good-natured ribbing because of the Cato-Heritage softball rivalry, but there are also real policy disagreements. For instance, even though it is much better than current policy, I don’t like parts of Heritage’s “Saving the American Dream” budget plan. It’s […]
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Other than Obama and Krugman, Is there Anybody Who Still Thinks Bigger Government Is Good for Growth?
I’ve repeatedly explained that Keynesian economics doesn’t work because any money the government spends must first be diverted from the productive sector of the economy, which means either higher taxes or more red ink. So unless one actually thinks that politicians spend money with high levels of effectiveness and efficiency, this certainly suggests that growth […]
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