In my ultimate fantasy world, Washington wouldn’t need any sort of broad-based tax because we succeeded in shrinking the federal government back to the very limited size and scope envisioned by our Founding Fathers. In my more realistic fantasy world, we might not be able to restore constitutional limits on Washington, but at least we […]
Continue reading Fiscal Fights with Friends, Part I: Responding to Reihan Salam’s Argument against the Flat Tax
I’ve openly stated that there are tax-hiking budget deals that theoretically would be attractive. But notice that “theoretically” is part of that sentence. That’s because in the real world, tax hikes have a poisonous effect on fiscal policy. Instead of being the lubricant that produces concessions from the big-government crowd, the prospect of additional revenue […]
Continue reading Great News from Michigan as Voters Reject Political Elite’s Tax-Hike Scheme
Even small differences in economic growth make a big difference to living standards over time. I frequently share this chart, which highlights how long it takes to double economic output based on different growth rates. I also use real-world examples to show how some nations become much richer than other nations within just a few […]
Continue reading Why Is America Richer than Kazakhstan, and Why Has Estonia Surpassed Croatia?
For the people of China, there’s good news and bad news. The good news, as illustrated by the chart, is that economic freedom has increased dramatically since 1980. This liberalization has lifted hundreds of millions from abject poverty. The bad news is that China still has a long way to go if it wants to […]
Continue reading IMF Proposes to Sabotage China’s Economy