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Petit Tyrants

Another Edition of Great Moments in Government Waste, Malfeasance, and Foolishness

Since I’m an advocate of smaller government, you might imagine I’m perpetually depressed. After all, I work in Washington where I’m vastly outnumbered by people who specialize in looting and mooching. At times, I feel like a missionary in a house of ill repute. But I always look for the silver lining when there’s a […]

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Big Government Is an Anchor on America’s Economy, Undermining Investment and Wage Growth

There’s an old saying that you shouldn’t bite the hand that feeds you. Unfortunately, politicians in Washington don’t follow that advice. Let me explain. All economic theories – even Marxism and socialism – agree that capital formation is a necessary condition for long-run growth and higher wages. The Marxists and the socialists are misguided in […]

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The Venal Corruption of the Political Class

In the past week, I’ve written two columns (here and here) extolling the benefits of federalism. So I now feel compelled to warn that my support for decentralization is not motivated by some Pollyannish view of sub-national governments. State and local government officials are perfectly capable of adopting policies that lead to the absurd waste […]

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The Ticking Fiscal Time Bomb of Social Security

America has a giant long-run problem largely caused by poorly designed entitlement programs such as Social Security, Medicare, and Medicaid. So when I wrote last month about proposals by some Democrats to expand Social Security, I was less than enthusiastic. …demographic changes and ill-designed programs will combine to dramatically expand the size of the public sector over […]

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IMF Proposes to Sabotage China’s Economy

For the people of China, there’s good news and bad news. The good news, as illustrated by the chart, is that economic freedom has increased dramatically since 1980. This liberalization has lifted hundreds of millions from abject poverty. The bad news is that China still has a long way to go if it wants to […]

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Income Tax When It Began…And Today, In 2015 Dollars

Courtesy of Against Crony Capitalism.Orghttp://s7.addthis.com/static/btn/v2/lg-bookmark-en.gif

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