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Slovenia: A Case Study of Missed Opportunities and Economic Decline

I’m a big believer that real-world examples can teach us about the benefits of good fiscal policy (think Hong Kong, Estonia, Canada, and the U.S. under Reagan and Clinton) and the costs of bad fiscal policy (France, Cyprus, Greece, and the U.S. under Bush and Obama). Today, let’s look at another example of bad fiscal […]

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A Two-Question Challenge for Supporters of Intervention and Big Government

I want to challenge supporters of intervention and big government. Here are two simple questions. I’ll be happy if I can get a semi-reasonable answer to either of them. 1. Can you name a nation that became rich with statist policies? Before you say Sweden, or even France, note that I asked you to name […]

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Corporate Welfare: Can Republicans Kick the Habit?

I periodically try to explain that there’s a big difference between being pro-market and pro-business. Simply stated, policy makers shouldn’t try to penalize businesses with taxes, mandates, and regulations. But neither should politicians seek to subsidize businesses. That’s why I’m against bailouts, subsidies, and other distortions that provide special favors for politically connected companies. I […]

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America’s Ever-Expanding Regulatory Swamp

Maybe I’m biased because I mostly work on fiscal policy, but it certainly seems feasible to come up with rough estimates for the damage caused by onerous taxes and excessive spending. On a personal level, for instance, we have a decent idea of how much the government takes from us and we know the aggravation […]

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The Punitive Economic Cost of Class-Warfare Taxation

I’ve already shared a bunch of data and evidence on the importance of low tax rates. A review of the academic evidence by the Tax Foundation found overwhelming support for the notion that lower tax rates are good for growth. An economist from Cornell found lower tax rates boost GDP. Other economists found lower tax rates boost job creation, savings, […]

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Debunking the Sloppy and Inaccurate Economic Argument for Export Subsidies

The Export-Import Bank is noxiously corrupt example of crony capitalism. It never should have been created. But that’s something we could say about most government programs. So the real question is how to reverse the damage. If we reform a big program such as Medicare, you can’t end it overnight. You have to deal with […]

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