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Beltway Bandits and the Shadow Bureaucracy

I’m not a huge fan of government bureaucrats. But not because they’re bad people. Yes, there are repugnant hacks in the civil service like Lois Lerner, but most bureaucrats I’ve met are good people. My objection is that they work for departments that shouldn’t exist (such as HUD, Education, Transportation, Agriculture, etc) and/or they are […]

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Pope Francis Needs a Better Role Model for Economic Policy

What’s the greatest economic tragedy in modern history? The obvious answer is communism, which produced tens of millions of needless deaths and untold misery for ordinary people. Just compare living standards in North Korea and South Korea, or Chile and Cuba. But if there was a second-place prize for the world’s biggest economic failure, Argentina […]

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More Keynesian Primitivism from the Congressional Budget Office

I never watched That ’70s Show, but according to Wikipedia, the comedy program “addressed social issues of the 1970s.” Assuming that’s true, they need a sequel that addresses economic issues of the 1970s. And the star of the program could be the Congressional Budget Office, a Capitol Hill bureaucracy that apparently still believes – notwithstanding […]

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Maintaining and Enforcing Spending Caps Is a Huge Test of GOP Credibility on Fiscal Policy

Let’s celebrate some good news. When politicians can be convinced (or pressured) to exercise even a modest bit of spending restraint, it’s remarkably simple to get positive results. Here’s some of what I wrote earlier this year. …one of the few recent victories for fiscal responsibility was the 2011 Budget Control Act (BCA), which only […]

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Which Nation Has the Worst Dependency Ratio?

For both policy reasons and narcissism, I wish the most popular item ever posted on International Liberty was Mitchell’s Golden Rule. But that guide to sensible fiscal policy isn’t even in the top 70. Instead, my most-read post is a set of cartoons showing how the welfare state inevitably metastasizes as more and more people […]

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The World’s Most Disappointingly Inaccurate Headline

In the past, I’ve identified the world’s most misleading headlines and I’ve also identified the world’s least surprising headline. Today, I’m going to share the world’s most disappointing headline. When I first saw this story in USA Today, I thought it was time to celebrate. Wow, I thought, what a great outcome. I’ve always wanted […]

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