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A Semi-Acceptable Indirect Bailout for Puerto Rico?

I wrote last year about why Puerto Rico got into fiscal trouble. Like Greece and so many other governments, it did the opposite of Mitchell’s Golden Rule. Instead of a multi-year period of spending restraint, it allowed the budget to expand faster than the private sector for almost two decades. As the old saying goes, […]

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Lesson from Cyprus: Spending Restraint Is the Pro-Growth Way to Solve a Fiscal Crisis

Much of my work on fiscal policy is focused on educating audiences about the long-run benefits of small government and modest taxation. But what about the short-run issue of how to deal with a fiscal crisis? I have periodically weighed in on this topic, citing research from places like the European Central Bank and International […]

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Leftist Arguments against Trump: Presumably Accurate, but Grotesquely Hypocritical

Having become interested in public policy because of Ronald Reagan’s message of limited government and individual liberty, I’m understandably depressed by the 2016 election. But we can at least learn something from the process. Robert Kagan of the Brookings Institution savages Donald Trump in a column for the Washington Post. Here’s a particularly brutal excerpt. […]

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Notwithstanding Keynesian Fantasies, Redistribution Does Not Stimulate Growth

Back in 2010, then-House Speaker Nancy Pelosi actually claimed that paying people not to work would be good for the economy. Wow, that’s almost as bizarre as Paul Krugman’s assertion that war is good for growth. Professor Dorfman of the University of Georgia remembers Pelosi’s surreal moment and cites it in his column in Forbes, […]

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Missionizing Millennials; Saving Ben Shapiro

Recently Rev Billy Graham said that if people are going to call themselves “Christian” it would be helpful if, from time to time, they would …

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Paul Krugman Beclowns Himself…Again

I sometimes feel guilty when commenting on Paul Krugman’s work. In part, this is because I don’t want to give him any additional attention, but mostly it’s because it’s too easy. Like shooting fish in a barrel. His advocacy of Keynesian economics, for instance, makes him a very easy target. And it’s always amusing to […]

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