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Economic Lesson from Europe for Hillary: Higher Tax Rates Are a Recipe for More Red Ink

We can learn a lot of economic lessons from Europe. Never adopt a VAT unless you want much bigger government. Bigger government means lower living standards. Don’t believe Bernie Sanders about the Nordic nations. Today, we’re going to focus on another lesson, which is that higher taxes lead to more red ink. And let’s hope […]

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Debt, Bubbles, and Reckless Government

As a general rule, I’m not overly concerned about debt, even when looking at government red ink. I don’t like deficit and debt, to be sure, but government borrowing should be seen as the symptom. The real problem is excessive government spending. This is one of the reasons I’m not a fan of a balanced […]

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Demographics + Entitlements = Europe’s Doom

The most depressing data about America’s economy is not the top tax rate, the regulatory burden, or the level of wasteful of government spending. Those numbers certainly are grim, but I think they’re not nearly as depressing as America’s demographic outlook. As you can see from this sobering image, America’s population pyramid is turning into […]

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Higher Taxes Are a Recipe for Higher Spending, not Lower Debt

With both Hillary Clinton and Bernie Sanders agitating for higher taxes (and with more than a few Republicans also favoring more revenue because they don’t want to do any heavy lifting to restrain a growing burden of government), it’s time to examine the real-world evidence on what happens when politicians actually do get their hands […]

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Educating Congress and Debunking the White House on the Debt Limit

Whenever there’s a fight over raising the debt limit, the political establishment gets hysterical and makes apocalyptic claims about default and economic crisis. For years, I’ve been arguing that this Chicken-Little rhetoric is absurd. And earlier this week I testified about this issue before the Oversight and Investigations Subcommittee of the House Financial Services Committee. […]

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Distressed Debt: Is The US Economy Heading For A Hard Fall?

At levels not seen since the financial crisis, is distressed debt sending a clear signal?Read the story at LI here. Advertisement 

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