Regulars

Half Baked

Petit Tyrants

Even its Creators Want to Shut Down the Government’s Asset-Forfeiture Racket

If you ask me about the most wasteful department in the federal government, I’ll state that there are lots of good choices, but if forced to identify the best candidate for elimination, I’ll go with the Department of Housing and Urban Development. If you ask me about the entitlement program most in need of reform, […]

Continue reading Even its Creators Want to Shut Down the Government’s Asset-Forfeiture Racket

Even its Creators Want to Shut Down the Government’s Asset-Forfeiture Racket

If you ask me about the most wasteful department in the federal government, I’ll state that there are lots of good choices, but if forced to identify the best candidate for elimination, I’ll go with the Department of Housing and Urban Development. If you ask me about the entitlement program most in need of reform, […]

Continue reading Even its Creators Want to Shut Down the Government’s Asset-Forfeiture Racket

Subsidies and Third-Party Payer = Inefficiency and Higher Prices

People sometimes think I’m strange for being so focused on the economic harm that results from third-party payer. But bear with me and we’ll see why it’s a very important issue. If you’re not already familiar with the term, third-party payer exists when someone other than the consumer is paying for something. And it’s a […]

Continue reading Subsidies and Third-Party Payer = Inefficiency and Higher Prices

Statist Policy and the Great Depression

It’s difficult to promote good economic policy when some policy makers have a deeply flawed grasp of history. This is why I’ve tried to educate people, for instance, that government intervention bears the blame for the 2008 financial crisis, not capitalism or deregulation. Going back in time, I’ve also explained the truth about “sweatshops” and […]

Continue reading Statist Policy and the Great Depression

Would Scottish Independence Be a Net Plus for Liberty?

This Thursday, Scottish voters decide whether they want to break away from the United Kingdom and reclaim their independence. Do advocates of economic liberty in America have a dog in this fight? Well, there’s very solid academic evidence from economic historians that Europe originally became rich precisely because power was decentralized among lots of small […]

Continue reading Would Scottish Independence Be a Net Plus for Liberty?

Embarrassment Alert: America’s Tax System Ranks Below Italy, Greece, and Mexico

I’ve complained over and over again that America’s tax code is a nightmare that undermines competitiveness and retards growth. Our aggregate fiscal burden may not be as high as it is for many of our foreign competitors, but high tax rates and poor design mean the system is very punitive on a per-dollar-raised basis. For […]

Continue reading Embarrassment Alert: America’s Tax System Ranks Below Italy, Greece, and Mexico