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Obama’s Miserable Economic Legacy

Let’s take a look at President Obama’s economic legacy. The Washington Examiner opines on President Obama’s remarkable claim that he saved the world economy. President Obama…wants to be remembered for…[being]…the savior of the American and global economies. “There are things I’m proud of,” he said, citing Obamacare, then added, “Saving the world economy from a […]

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Democracy, Societal Collapse, Public Choice, Goldfish, and Tax Competition

There’s a very powerful statement, variously attributed to Alexis de Toqueville, Benjamin Franklin, or Alexander Tytler, that basically warns that democracy is doomed when people figure out they can vote themselves money. There’s no evidence that any of them actually spoke or wrote those words, though I guess it doesn’t matter that the quote didn’t […]

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One Strike, Two Strikes, Three Strikes (and Many More Strikes) for Obamacare

The ongoing cluster-you-know-what of Obamacare is a source of unhappy satisfaction. Part of me is glad the law is such a failure, but it’s tragic that millions of people are suffering adverse consequences. These are folks who did nothing wrong, but now are paying more, losing employment, suffering income losses, and/or being forced to find […]

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Bernie Sanders Is Crazy even by Left-Wing Standards

Since Pope Francis is very critical of capitalism, I suppose it’s fitting that he had a special meeting with America’s crazy-Uncle-in-the-attic, Bernie Sanders. With my sixth-grade sense of humor, I confess that my initial instinct (perhaps motivated by the famous line from Animal House about “a wimp and a blimp“) was to write about “the […]

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No Sympathy for Spendthrift Politicians in Fairfax County

As I’ve repeatedly explained, governments generally get in fiscal trouble because politicians can’t resist spending lots of money when the economy is buoyant and therefore generating lots of tax revenue. And this is why I’m a huge fan of spending caps. If outlays can’t grow faster than, say, 3 percent annually, that make it difficult […]

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Three Simple Reasons Why Hillary and Bernie’s Real Plan Is to Soak the Middle Class

If you follow the contest between Hillary Clinton and Bernie Sanders, most of the tax discussion is about who has the best plan to squeeze the rich with ever-higher tax rates. For those motivated by spite and envy, Bernie Sanders “wins” that debate since he wants bigger increases in the tax rates on investors, entrepreneurs, […]

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