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Assessing Trump’s Acceptance Speech at the GOP Convention: Fact-Checking the Fact-Checkers

Since I’m not a fan of either Donald Trump or Hillary Clinton, I think that puts me in a good position to fairly assess whether the candidates are being dishonest. And since several media outlets just produced their “fact-checks” on Donald Trump’s acceptance speech to the Republican convention, this is a perfect opportunity to see […]

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More Evidence that Balanced Budget Rules Don’t Work as Well as Spending Caps

If you asked a bunch of Republican politicians for their favorite fiscal policy goals, a balanced budget amendment almost certainly would be high on their list. This is very unfortunate. Not because a balanced budget amendment is bad, per se, but mostly because it is irrelevant. There’s very little evidence that it produces good policy. […]

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The Six Most Important Takeaways from CBO’s New Long-Run Fiscal Forecast

The Congressional Budget Office has just released the 2016 version of its Long-Term Budget Outlook. It’s filled with all sorts of interesting data if you’re a budget wonk (and a bit of sloppy analysis if you’re an economist). If you’re a normal person and don’t want to wade through 118 pages, you’ll be happy to […]

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The Entitlement Disaster that Hillary Clinton and Donald Trump Are Ignoring

I’m like a broken record when it comes to entitlement spending. I’ve explained, ad nauseam, that programs such as Medicare, Medicaid, Obamacare, and Social Security must be reformed. In part, genuine entitlement reform is a good idea because you get better economic performance when you replace tax-and-transfer schemes with private savings and competitive markets. But […]

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Social Security’s Gargantuan Fiscal Shortfall

The Social Security Administration has released the 2016 Trustees Report, which shines a spotlight on the overall fiscal condition of the program. In previous years (2012, 2013, 2014), I’ve used this opportunity to play Paul Revere. But instead of warning that the British are coming, I sound the alarm about a future fiscal crisis resulting […]

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A Remarkably Good and Reasonably Bold Tax Reform Plan from House Republicans

I’ve been advocating for good tax reform for more than two decades, specifically agitating for a simple and fair flat tax. I get excited when politicians make bold proposals, such as many of the plans GOP presidential candidates proposed over the past year or so. But sometimes I wind up feeling deflated when there’s a […]

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