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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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Bragging about the Debt Brake…but Failing to Explain What Makes It Successful

What happens when you mix something good with something bad? To be more specific, what happens when you have a big success story, like the spending cap in Switzerland that has dramatically slowed the growth of government, and then expect intelligent and coherent coverage by a government-run media outfit that presumably wants a bigger public […]

Continue reading Bragging about the Debt Brake…but Failing to Explain What Makes It Successful

Bragging about the Debt Brake…but Failing to Explain What Makes It Successful

What happens when you mix something good with something bad? To be more specific, what happens when you have a big success story, like the spending cap in Switzerland that has dramatically slowed the growth of government, and then expect intelligent and coherent coverage by a government-run media outfit that presumably wants a bigger public […]

Continue reading Bragging about the Debt Brake…but Failing to Explain What Makes It Successful

The Golden Rule of Spending Restraint

My tireless (and probably annoying) campaign to promote my Golden Rule of spending restraint is bearing fruit. The good folks at the editorial page of the Wall Street Journal allowed me to explain the fiscal and economic benefits that accrue when nations limit the growth of government. Here are some excerpts from my column, starting […]

Continue reading The Golden Rule of Spending Restraint

The Golden Rule of Spending Restraint

My tireless (and probably annoying) campaign to promote my Golden Rule of spending restraint is bearing fruit. The good folks at the editorial page of the Wall Street Journal allowed me to explain the fiscal and economic benefits that accrue when nations limit the growth of government. Here are some excerpts from my column, starting […]

Continue reading The Golden Rule of Spending Restraint