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The Regulatory State’s War against Modern Life

When writing about the burden of regulation, I often share big numbers about aggregate cost, job losses, time wasted, and foregone growth. But I sometimes wonder if such data is effective in the battle for good policy. Maybe it’s better, at least in some cases, to focus on regulations that affect quality of life for […]

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Periodic Debt Limit Fights Are Messy, but May Help Prevent Long-Run Crisis

Remember the big debt limit fight of 2013? The political establishment at the time went overboard with hysterical rhetoric about potential instability in financial markets. They warned that a failure to increase the federal government’s borrowing authority would mean default to bondholders even though the Treasury Department was collecting about 10 times as much revenue […]

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A Supranational Eurozone Government: Bad for Europe, Really Bad for Germany

If you want to pinpoint the leading source of bad economic policy proposals, I would understand if someone suggested the Obama Administration. But looking to Europe might be even more accurate. For instance, I’d be hard pressed to identify a policy more misguided than continent-wide eurobonds, which I suggested would be akin to “co-signing a […]

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Highway Funding Battle Brings Out the Worst of Washington

When giving speeches outside the beltway, I sometimes urge people to be patient with Washington. Yes, we need fundamental tax reform and genuine entitlement reform, but there’s no way Congress can make those changes with Obama in the White House. But there are some areas whether progress is possible, and people should be angry with […]

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Hillary Clinton and Bernie Sanders: Two Peas in a Statist Pod

I’ve had several reporters ask me to comment on the philosophical and policy differences between Hillary Clinton and Bernie Sanders. I’m always happy to oblige, yet I don’t think any of them have included my comments in their stories because I always give what seems to be a very unsatisfactory response.  My standard line is […]

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The Willful Blindness of an IRS Sycophant

Remember Sleepless in Seattle, the 1993 romantic comedy starring Tom Hanks and Meg Ryan? Well, there should be a remake of that film entitled Clueless in Washington. But it wouldn’t be romantic and it wouldn’t be a comedy. Though there would be a laughable aspect to this film, because it would be about an editorial […]

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