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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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Disentangling Keynesian Fiscal Policy

At the risk of understatement, I’m not a fan of Keynesian economics. The disdain is even apparent in the titles of my columns. Notwithstanding Keynesian Fantasies, Redistribution Does Not Stimulate Growth Japan’s Descent into Keynesian Parody Has Keynesian Economics Finally Jumped the Shark? More Keynesian Primitivism from the Congressional Budget Office The Perplexing Durability of […]

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Is Defending Tax Competition Akin to “Trading with the Enemy”?

When I was younger, my left-wing friends said conservatives unfairly attacked them for being unpatriotic and anti-American simply because they disagreed on how to deal with the Soviet Union. Now the shoe is on the other foot. Last decade, a Treasury Department official accused me of being disloyal to America because I defended the fiscal […]

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Rand Paul’s Heroic and Vital Fight against Global Scheme to Destroy Financial Privacy

The Foreign Account Tax Compliance Act (FATCA) arguably is the worst feature of the internal revenue code. It’s an odious example of fiscal imperialism that is based on a very bad policy agenda. But there is something even worse, a Multilateral Convention on Mutual Administrative Assistance in Tax Matters that has existed for decades but […]

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More Hack Analysis from the IMF

The International Monetary Fund is a left-leaning bureaucracy that was set up to monitor the fixed-exchange-rate monetary system created after World War II. Unsurprisingly, when that system broke down and the world shifted to floating exchange rates, the IMF didn’t go away. Instead, it created a new role for itself as self-styled guardian of economic […]

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