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Europe, Welfare Migration, and Hypocrisy

Taxpayers don’t like coughing up big amounts of money so other people can choose not to work. And they really get upset when welfare payments are so generous that newcomers are encouraged to climb in the wagon of government dependency. This has an effect on the immigration debate in the United States. Most Americans presumably […]

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The Super Bowl and Marginal Tax Rates

When I give speeches in favor of tax reform, I argue for policies such as the flat tax on the basis of both ethics and economics. The ethical argument is about the desire for a fair system that neither punishes people for being productive nor rewards them for being politically powerful. As is etched above […]

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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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New Rankings Reveal How Obamanomics Is Undermining American Competitiveness

The Index of Economic Freedom, my favorite Heritage Foundation publication, was released today. As one might predict, Hong Kong once again ranks as the jurisdiction with the most liberty to engage in mutually beneficial exchange, followed by Singapore. Other highly ranked nations include New Zealand, Switzerland, and Australia. Chile deserves special attention since it is […]

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Great News, the Income Tax Is Being Abolished! (but Read the Fine Print)

There is some very good news to share. The income tax will disappear in April. But there’s also some bad news. The income tax is only being abolished in the Caribbean nation of Antigua and Barbuda, and there’s little reason to think that America’s awful internal revenue code will disappear anytime soon. Nonetheless, we should […]

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Has Keynesian Economics Finally Jumped the Shark?

If everyone has a cross to bear in life, mine is the perplexing durability of Keynesian economics. I thought the idea was dead when Keynesians incorrectly said you couldn’t have simultaneously rising inflation and unemployment like we saw in the 1970s. Then I thought the idea was buried even deeper when the Keynesians were wrong […]

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