As demonstrated by the new video from the Center for Freedom and Prosperity, there are five key lessons to learn from the fiscal crisis in Europe. Unfortunately, Europe’s despicable political class has not learned from their mistakes. They are not taking the simple and obvious steps that are needed to address the problems of spendthrift […]

I’ve written about the fiscal implosion in Europe and warned that America faces the same fate if we don’t reform poorly designed entitlement programs such as Medicare and Medicaid. But this new video from the Center for Freedom and Prosperity, narrated by an Italian student and former Cato Institute intern, may be the best explanation […]

Appearances can be deceiving. I saw an article with a blaring headline that warmed my heart: “France’s Sarkozy Eyes Welfare Rethink, Fraud Clampdown.” Could it be, I thought, that the political elite finally realized that the welfare state was the wrong model? Had they finally realized, as demonstrated by these cartoons, that it was foolish […]

I’ve previously posted about the communist government of Cuba cutting taxes and the CEO of Coca-Cola saying that communist China has a more business-friendly climate than the United States. Having grown up during the Cold War, I still have a hard time believing my eyes when I read stories like these. But those examples pale […]

Politicians in Europe have spent decades creating a fiscal crisis by violating Mitchell’s Golden Rule and letting the government grow faster than the private sector. As a result, government is far too big today, and nations such as Greece are in the process of fiscal collapse. But that’s the good news – at least relatively […]

I’ve posted several times about the dangers of creating too much government dependency, including a set of cartoons that illustrates how small welfare states inevitably erode social capital and create big welfare states. So you will understand that I am utterly depressed by this new chart from the Wall Street Journal showing that nearly half […]

I recently posted an excellent video showing how the War on Poverty has been a disaster for both taxpayers and poor people. Let’s now look at a specific example of the income-redistribution racket. Professor Thomas Sowell has a superb column, which begins by noting that the left tried to build support for more income redistribution […]

Only the federal government could be this stupid. We have two very big problems in our nation. o First, we have a giant, bloated federal government that is spending too much money, putting us at serious risk of a Greek-style fiscal crisis at some point in the future. o Second, the social capital of our […]

During his 1976 campaign for the GOP presidential nomination, Ronald Reagan popularized the notion of “welfare queens” who bilked redistribution programs for thousands of dollars. It has since become non-PC to use such a term, but that’s never stopped me. Here’s a report of a wretched welfare queen who is mooching off taxpayers and should […]

Treasury Secretary Tim Geithner may be most famous in the United States for cheating on his taxes (you can even buy a t-shirt to acknowledge his tax dodging), but he’s becoming a punch line in the rest of the world for different reasons. I wrote two years ago about Chinese students erupting in laughter after […]