Regulars

Half Baked

Petit Tyrants

Elizabeth Warren’s Faux Populism vs. Jeb Hensarling’s Genuine Fight against K Street Cronyism

Let’s compare two politicians, Senator Elizabeth Warren of Massachusetts and Congressman Jeb Hensarling of Texas, to see which one actually has the courage to fight against powerful interest groups. We’ll start with Senator Warren. She portrays herself as the scourge of Wall Street, but it appears that the Massachusetts lawmaker isn’t merely a fake Indian, […]

Continue reading Elizabeth Warren’s Faux Populism vs. Jeb Hensarling’s Genuine Fight against K Street Cronyism

“Cromnibus” Spending Bill Is a Victory and a Defeat

So what should libertarians, Reagan conservatives, and other advocates of smaller government think of the “cromnibus” spending bill? The answer depends on your benchmark. If you dislike insider deals, pork-barrel spending, and you think the federal government should be limited to the enumerated powers put in the Constitution by our Founding Fathers, then the cromnibus […]

Continue reading “Cromnibus” Spending Bill Is a Victory and a Defeat

We Need Fewer Laws: Over-Criminalization Hurts the Innocent and Empowers Government

I wrote last week about the lunacy of a tax system that created the conditions that led to the death of Eric Garner in New York City. But I wrote that column in the context of how high tax rates lead to tax avoidance and tax evasion. Let’s now zoom out and look at the […]

Continue reading We Need Fewer Laws: Over-Criminalization Hurts the Innocent and Empowers Government

In another Episode of Economic Malpractice, the OECD Claims Higher Taxes and More Redistribution Will Boost Growth

While there are plenty of reasons to dislike the World Bank, United Nations, and (especially) the International Monetary Fund, the worst international bureaucracy on a per-dollar spent basis has to be the Paris-based Organization for Economic Cooperation and Development. The OECD used to be relatively benign by the standards of international bureaucracies, but it has […]

Continue reading In another Episode of Economic Malpractice, the OECD Claims Higher Taxes and More Redistribution Will Boost Growth

Government Coercion Is the Common Link between Nazism, Communism, and other forms of Socialism

Is Obama a socialist? If you’re asking whether he’s a big-spending interventionist, the answer is yes. But if you’re asking whether the President believes in government ownership of the means of production (which is the defining issue in the socialist economic platform), the answer is no (though the White House surely won’t like how Thomas […]

Continue reading Government Coercion Is the Common Link between Nazism, Communism, and other forms of Socialism

Subsidized Terrorism Insurance: Another Example of Unjust Corporate Welfare

When I discuss corporate welfare, my first example is usually the Export-Import Bank. It galls me that taxpayers are coerced into subsidizing some of the world’s biggest corporations. And since I’m an economist, I also don’t like how these subsidies undermine the overall economy. But the Export-Import Bank is just the tip of the iceberg. […]

Continue reading Subsidized Terrorism Insurance: Another Example of Unjust Corporate Welfare