I generally don’t feel a special degree of animosity for the internal revenue service. After all, it’s the politicians who have created the 74,000-plus page monstrosity of a tax code. Blaming the IRS for enforcing that system is like blaming the police for the drug war. This isn’t to say the IRS is blameless. Just […]
Continue reading IRS Scandals Update
I’ve written about the success of Hong Kong (particularly when compared to nations such as Cuba, France, and China), but haven’t paid as much attention to Singapore. But it’s time to correct that oversight. I’m motivated to write about Singapore because of a story that reveals one of the unique features of that jurisdiction: The […]
Continue reading Singapore: A Remarkable Free-Market Success Story
Early this year, I shared an amusing but accurate image that showed an important difference between capitalism and socialism. And in 2012, I posted a comparison of Detroit and Hiroshima to illustrate the damage of big government. Well, if you combine those concepts, you get this very pointed look at the evolution of Cuban socialism […]
Continue reading What Can Hong Kong and Cuba Teach Us about Economic Policy?
I generally focus on the profligate habits and abusive tactics of the federal government in Washington, but that doesn’t mean other levels of government are well behaved. In a column for the Washington Post, Catherine Rampell outlines some of the reprehensible ways that state and local governments extract money from the citizenry. Think of recent, […]
Continue reading State and Local Governments Have No Fiscal Excuse for Rapacious Revenue-Raising Tactics
Since I’ve accused the Congressional Budget Office of “witch doctor economics and gypsy forecasting,” it’s obvious I’m not a big fan of the organization’s approach to fiscal analysis. I’ve even argued that Republicans shouldn’t cite CBO when the bureaucrats reach correct conclusions on policy (at least when such findings are based on bad Keynesian methodology). […]
Continue reading Why Do some Advocates of Small Government Want to Keep a Democrat Appointee at CBO?