Categories

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Why the !*%# Is the Rest of the World Subsidizing Suicidal Fiscal Policy in Greece?!?

I detest writing about Greece. I suggested back in 2010 that the best outcome was default, which would have been the most likely outcome of a no-bailouts approach. And for the past five years, events have confirmed – over and over again – that this was the right approach. So you can understand how frustrating […]

Continue reading Why the !*%# Is the Rest of the World Subsidizing Suicidal Fiscal Policy in Greece?!?

America’s Greek Fiscal Future

Last September, I wrote about some very disturbing 10-year projections that showed a rising burden of government spending. Those numbers were rather depressing, but a recently released long-term forecast from the Congressional Budget Office make the 10-year numbers look benign by comparison. The new report is overly focused on the symptom of deficits and debt […]

Continue reading America’s Greek Fiscal Future

Balanced Budget Requirements Don’t Work as Well as Spending Limits

When I first came to Washington back in the 1980s, there was near-universal support and enthusiasm for a balanced budget amendment among advocates of limited government. The support is still there, I’m guessing, but the enthusiasm is not nearly as intense. There are three reasons for this drop. Political reality – There is zero chance […]

Continue reading Balanced Budget Requirements Don’t Work as Well as Spending Limits

A Conflict of Interest at the U.S. Department of Education Keeps Students on the Hook

A conflict of interest can be viewed as two conflicting roles, wherein the one entailing more public responsibility is compromised or eclipsed by the other. The ongoing temptation itself may be sufficient grounds ethically to end or transfer the potentially exploitive role. In other words, sometimes the solution is as simple as ending the potentially encroaching task or role. When the institution is a governmental agency, selecting or creating another agency to perform the task is one alternative; privatizing it is another. Either way, deconstructing an institutional conflict of interest by separating problematic role-combinations is advisable even in cases in which the more private-benefits role has not corrupted the more public-benefits role. The U.S. Department of Education provides a useful case in point.


The complete essay is at “U.S. Department of Education.”

Continue reading A Conflict of Interest at the U.S. Department of Education Keeps Students on the Hook

A Conflict of Interest at the U.S. Department of Education Keeps Students on the Hook

A conflict of interest can be viewed as two conflicting roles, wherein the one entailing more public responsibility is compromised or eclipsed by the other. The ongoing temptation itself may be sufficient grounds ethically to end or transfer the potentially exploitive role. In other words, sometimes the solution is as simple as ending the potentially encroaching task or role. When the institution is a governmental agency, selecting or creating another agency to perform the task is one alternative; privatizing it is another. Either way, deconstructing an institutional conflict of interest by separating problematic role-combinations is advisable even in cases in which the more private-benefits role has not corrupted the more public-benefits role. The U.S. Department of Education provides a useful case in point.


The complete essay is at “U.S. Department of Education.”

Continue reading A Conflict of Interest at the U.S. Department of Education Keeps Students on the Hook

Bill Clinton and the Retroactive Application of Mitchell’s Golden Rule

It’s amazingly simple to reduce the burden of government spending. Policy makers simply need to impose some modest spending restraint so that government doesn’t grow faster than the economy’s productive sector. In a display of humility that can only be found in Washington, DC, I call this Mitchell’s Golden Rule. And, amazingly, even the International […]

Continue reading Bill Clinton and the Retroactive Application of Mitchell’s Golden Rule