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Educating Congress and Debunking the White House on the Debt Limit

Whenever there’s a fight over raising the debt limit, the political establishment gets hysterical and makes apocalyptic claims about default and economic crisis. For years, I’ve been arguing that this Chicken-Little rhetoric is absurd. And earlier this week I testified about this issue before the Oversight and Investigations Subcommittee of the House Financial Services Committee. […]

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More Arguments against the Value-Added Tax

The left is very clever about accepting “compromise,” so long as the result is a larger burden of government. This is one of the reasons why I’m so concerned about Senator Cruz’s proposal for a value-added tax. Even though he wants a VAT for good reasons (to finance lower tax rates and also to reduce […]

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On Campaign Finance, Bernie and Hillary Put the Cart before the Horse

Once again, I threw myself on a proverbial grenade. Yes, that means I watched politicians last night as part of the Cato Institute’s live-tweeting about issues that were raised (or not raised) in the CNN Townhall featuring Bernie Sanders and Hillary Clinton. Although painful, this exercise enabled me to share my thoughts on topics such […]

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Time for some Optimism on Entitlement Reform

If pessimism was an Olympic event, I used to think I might be favored to win a medal. After all, growing levels of dependency outside of Washington and rampant corruption inside of Washington sometimes lead me to conclude that America is doomed to a Greek fiscal future. But compared to some people, maybe I’m just […]

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Donald Trump’s Missed Opportunity and other Iowa Observations

What’s the link between government employees and the Iowa Republican Caucus? You’re probably thinking there’s little or no connection. After all, bureaucrats presumably would more likely be interested in the choice on the other side between the two peas in the statist pod, right? That’s true, but bear with me. To understand the link I’m […]

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New Rankings Reveal How Obamanomics Is Undermining American Competitiveness

The Index of Economic Freedom, my favorite Heritage Foundation publication, was released today. As one might predict, Hong Kong once again ranks as the jurisdiction with the most liberty to engage in mutually beneficial exchange, followed by Singapore. Other highly ranked nations include New Zealand, Switzerland, and Australia. Chile deserves special attention since it is […]

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