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The Odious Corruption Enabled by Big Government

I’ve argued that the crowd in Washington profits by plundering America, but that’s just part of the equation. There are also plenty of big companies that have their snouts in the public trough. No wonder many people have become disgusted Writing for the Wall Street Journal, James Freeman points out that a growing number of […]

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Everything You Ever Wanted to Know about Obama’s Failed Approach to Corporate Inversions

I don’t know whether it’s because I’m a libertarian or because I’m an economist, but I get very frustrated by the issue of corporate inversions. It galls me to hear demagogic politicians like Obama make absurd statements about “unpatriotic” corporations that re-domicile overseas when the problem is entirely the result of bad policy that penalizes […]

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If You Want Better Business Tax Policy, Handcuff Politicians with Pro-Growth Forms of Tax Competition

Tax competition is a very important tool for constraining the greed of the political class. Simply stated, politicians are less likely to impose bad tax policy if they are afraid that jobs and investment (and accompanying tax revenue) will move to jurisdictions with better tax policy. This works to limit revenue grabs by politicians at […]

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How Big Government Sabotages Poor People and Enriches Well-Connected Fat Cats

I don’t like coerced redistribution. When the government uses the threat of force to take from Person A to give to Person B, it simultaneously reduces Person A’s incentives to produce while also luring Person B into dependency. But not all coerced redistribution and government intervention is created equal. I don’t like welfare programs, for … … Continue reading

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The Limits to a “Shut Down only a Tiny Part of Government Shutdown” Strategy

A couple of days ago, I wrote that Republicans should not be intimidated if the White House threatens a government shutdown. Simply stated, prior shutdowns have yielded meaningful policy victories without causing measurable political damage. This isn’t to say that the goal of any fiscal fight is a shutdown. Instead, my point is simply that […]

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Social Capital, Culture, Markets, and Institutions

When I wrote last week about “social capital” as a key determinant of long-run prosperity, I didn’t realize I would generate a lot of feedback. Including several requests for more information. Which creates a small problem since the field is so large that it’s difficult to provide an overview. If people were asking questions on […]

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