Demonstrating that he’s probably not a fan of Mitchell’s Golden Rule, Paul Krugman recently asserted that fiscal austerity has failed in the United Kingdom. Citing Keynesian theory and weak economics numbers, he warned about “the austerity doctrine that has dominated elite policy discussion” and says that the British government made a mistake when it decided […]

I’ve written before about the importance of getting rid of the Department of Transportation, and I’ve also written about Republicans getting in bed with big government. So you can imagine how agitated I was to read this article about transportation spending at National Review. Written by Andrew McCarthy, it shows that the GOP still has […]

Back in 2010, I crunched the numbers from the Congressional Budget Office and reported that the budget could be balanced in just 10 years if politicians exercised a modicum of fiscal discipline and limited annual spending increases to about 2 percent yearly. When CBO issued new numbers early last year, I repeated the exercise and […]

I don’t expect a  good outcome to the European fiscal crisis, largely because nobody seems to understand that the real problem is excessive government spending. The economic illiterates in the press sometimes say the fight in Europe is between austerity and Keynesianism, but that’s not accurate. It’s really a battle between those who think big […]

I’ve written a couple of times about the Food Stamp program, citing ridiculous examples of waste, fraud, and abuse. These include: Using food stamps to buy luxury coffee at Starbucks. Buying steaks and lobster with food stamps. The Obama Administration rewarding states that sign up more food stamp recipients. Proposals to make it easier to […]