If you ask what worries me about the incoming Trump Administration, I’ll immediately point to a bunch of policy issues. Will Trump be too timid to deal with the huge entitlement problem? Will Trump do a business-as-usual pork-filled infrastructure deal? Will Trump’s tax cut be feasible without concomitant spending discipline? Others, though, are more focused […]
Continue reading John Stossel, Paul Krugman, and the Washington Swamp
There’s a lot of speculation in Washington about what a Trump Administration will do on government spending. Based on his rhetoric it’s hard to know whether he’ll be a big-spending populist or a hard-nosed businessman. But what if that fight is pointless? Back in October, Will Wilkinson of the Niskanen Center wrote a very interesting […]
Continue reading Does “Wagner’s Law” Mean Libertarians Should Acquiesce to Big Government?
Earlier this year, I criticized the Organization for Economic Cooperation and Development for endorsing an orgy of Keynesian spending. Did my criticism have an effect? Well, the bureaucrats in Paris just issued a new report that bluntly suggests a reorientation of fiscal policy to achieve more growth. …the global economy remains in a low-growth trap […]
Continue reading For Thanksgiving Week, the OECD Proposes a Keynesian Turkey
I’m very happy that we don’t have a one-world government, but my views have nothing to do with conspiratorial fears involving blue helmets and black helicopters. Instead, I’m happy that there are lots of independent nations because that means lots of different approaches to public policy. And that means we have lots of real-life experiments […]
Continue reading Trump Should Follow the Texas (or Hong Kong) Model of Small Government
One of the many frustrations of working in Washington is that politicians, when dealing with a problem created by government intervention, routinely propose that the solution is to give even more power to government. And since they are either unwilling or unable to connect the dots, they don’t care that their “solutions” will make matters […]
Continue reading Mitchell’s Law and the Lather-Rinse-Repeat Cycle of Government Failure
When I give speeches on fiscal policy, I commonly get some variation of this question (and you can choose one of more of the options). Isn’t our fiscal problem largely the result of the wars/intervention/Iraq/Afghanistan/Libya/Syria launched by Bush/Hillary/neocons/Blackwater/Pentagon? I generally respond by first confessing my lack of expertise on military and foreign affairs, but then […]
Continue reading What’s Responsible for Ever-Growing Government, Entitlements or Defense?