There’s a lot of speculation in Washington about what a Trump Administration will do on government spending. Based on his rhetoric it’s hard to know whether he’ll be a big-spending populist or a hard-nosed businessman. But what if that fight is pointless? Back in October, Will Wilkinson of the Niskanen Center wrote a very interesting […]
Continue reading Does “Wagner’s Law” Mean Libertarians Should Acquiesce to Big Government?
Earlier this year, I criticized the Organization for Economic Cooperation and Development for endorsing an orgy of Keynesian spending. Did my criticism have an effect? Well, the bureaucrats in Paris just issued a new report that bluntly suggests a reorientation of fiscal policy to achieve more growth. …the global economy remains in a low-growth trap […]
Continue reading For Thanksgiving Week, the OECD Proposes a Keynesian Turkey
I’m a big fan of the Baltic nations of Estonia, Latvia, and Lithuania. These three countries emerged from the collapse of the Soviet Empire and they have taken advantage of their independence to become successful market-driven economies. One key to their relative success is tax policy. All three nations have flat taxes. Estonia’s system is […]
Continue reading The “Progressive” Threat to Baltic Exceptionalism
During the election, Donald Trump promised a big package of infrastructure spending, twice as much new spending as Hillary Clinton was proposing. During his victory speech the night of the election, he doubled down on this approach, promising that more infrastructure spending would be one his first priorities. This sounds like bad news for advocates […]
Continue reading Three Sensible Rules to Guide the Trump Administration’s Infrastructure Initiative
Back in August, I acknowledged that lifestyle leftists in California won a real victory. They imposed a tax on sugary soft drinks in Berkeley and achieved a reduction in consumption. But I pointed out that their success actually was an affirmation of supply-side economics, which is simply the common-sense principle that taxes impact behavior. Simply […]
Continue reading What Lesson Will Leftists Learn from another “Successful” Tax Increase?
Now that Donald Trump has been elected, one of my main goals will be to convince him and his team that it would be wrong to leave government spending on autopilot (and it would be even worse to spend more money and increase the burden of government!). Since Trump semi-endorsed the Penny Plan, I don’t […]
Continue reading More Research and Evidence on the Need to Restrain Government Spending