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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 […]

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The Outcome of the Fiscal Fight in Greece and Implications for Spain, Italy, Ireland, Portugal, France, Belgium, Etc

There’s a big fiscal battle happening in Europe. The relatively new Greek government is demanding continued handouts from the rest of Europe, but it wants to renege on at least some of the country’s prior commitments to improve economic performance by reducing the preposterous burden of spending, regulation, and intervention. That seems like a rather […]

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A funny look at student loans!

Get Obama Toilet Paper For That Special Someone On Your Christmas Giving List!Not that there’s anything funny about the subject of $1.2 trillion in student loans outstanding coupled with an 8%+ unemployment rate for recent college grads.Or the fact tha…

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A funny look at student loans!

Get Obama Toilet Paper For That Special Someone On Your Christmas Giving List!Not that there’s anything funny about the subject of $1.2 trillion in student loans outstanding coupled with an 8%+ unemployment rate for recent college grads.Or the fact tha…

Continue reading A funny look at student loans!

America’s Built-In Greek Fiscal Future

I had a very bad lunch today. But not because of what I ate. My lunch was unpleasant because I moderated a noontime panel on Capitol Hill featuring Senator Ron Johnson of Wisconsin and my Cato colleague Chris Edwards. And I should hasten to add that they were splendid company. The unpleasant part of the […]

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European Politicians Love the Underground Economy…When It Means They Can Spend More Money

Libertarians tend to like – or at least have a grudging respect for – the underground economy. For instance, even if we’re personally very straight-laced, we don’t like government prohibitions against gambling, drugs, and prostitution. This is why we’re not upset when these things happen in spite of the laws enacted by the political class. […]

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