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Washington’s Nauseatingly Corrupt Culture…and 2014 Election Predictions for the House and Senate

I sometimes think that working at the Cato Institute and trying to change Washington must be akin to working at a church in the middle of Amsterdam’s red light district. In both cases, you’re wildly outnumbered by people with a different outlook on life. And it’s not that easy to save misguided souls. The crowd […]

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Canada Shows How to Eliminate the Tax Bias against Saving

Since all economic theories – even Marxism and socialism – recognize that capital formation is a key to long-run growth, higher wages, and improved living standards, it obviously doesn’t make sense to penalize saving and investment. Yet that’s exactly what happens because of double taxation in the United States, as can be seen by this […]

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Wasting Money Is Washington’s Favorite Activity

It’s unfortunate that Senator Tom Coburn is retiring. He hasn’t been perfect, but nobody can question is commitment to limited government. He’s been a rare voice in Washington against wasteful spending. And he’s going out with a bang, having just released the 2014 edition of the Wastebook. It’s a grisly collection of boondoggles and pork-barrel […]

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The U.S. vs U.K. Wimpiness Contest

It’s time for an updated version of the U.S. vs U.K. government stupidity contest. This ongoing series has featured amazing feats of inane government, including the world’s most pointless road markings, photo-ID requirements for drain cleaner purchases, and a government so incompetent that it couldn’t give money away. Today’s contest, though, is going to focus […]

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The Real-World Impact of Higher Tax Rates on Upper-Income Households

In my writings on the Laffer Curve, I probably sound like a broken record because I keep warning that a nation should never be at the revenue-maximizing point. That’s because there’s lots of good research showing that there are ever-increasing costs to the economy as tax rates approach that level. So the question that policy […]

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The Irish Tax Policy Debate: Bono 1 – Irish Union Bosses 0

I wrote last year about the remarkable acknowledgement by Bono that free markets were the best way to lift people out of poverty. The leader of the U2 band and long-time anti-poverty activist specifically stated that, “capitalism has been the most effective ideology we have known in taking people out of extreme poverty.” As the […]

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