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The European Commission’s War against Pro-Growth Corporate Tax Policy

I have a love-hate relationship with corporations. On the plus side, I admire corporations that efficiently and effectively compete by producing valuable goods and services for consumers, and I aggressively defend those firms from politicians who want to impose harmful and destructive forms of taxes, regulation, and intervention. On the minus side, I am disgusted […]

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New CBO Numbers Confirm Simple Task of Balancing the Budget with Modest Spending Restraint

It’s not a big day for normal people, but today is exciting for fiscal policy wonks because the Congressional Budget Office has released its new 10-year forecast of how much revenue Uncle Sam will collect based on current law and how much the burden of government spending will expand if policy is left on auto-pilot. […]

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Japan’s Slow-Motion Fiscal and Monetary Suicide

Remember Bill Murray’s Groundhog Day, the 1993 comedy classic about a weatherman who experiences the same day over and over again? Well, the same thing is happening in Japan. But instead of a person waking up and reliving the same day, we get politicians pursuing the same failed Keynesian stimulus policies over and over again. […]

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The Growing Crisis of Excessive and Unfunded Retirement Benefits for State and Local Bureaucrats (and a Libertarian Quandary)

I’ve written (some would say excessively) about the fact that America has too many bureaucrats and that they’re paid too much. That’s true in Washington. That’s true at the state level. And it’s true for local governments. But since I’m a big believer in beating a dead horse, let’s revisit this issue. We’ll narrow our […]

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The Penny Plan Is a Spending-Cap Formula to Make the Trump Tax Cuts Feasible

I don’t like election years because the policy debate tends to revolve around the various proposals put forth by candidates. And since those ideas generally don’t make much sense, it’s a frustrating period. But the silver lining to that dark cloud is that it does create opportunities to comment on what the candidates are saying…and […]

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A Cartoon that Tells You Everything You Need to Know about International Bureaucracies

Okay, I’ll admit the title of this post is an exaggeration. There are lots of things you should know – most bad, though some good – about international bureaucracies. That being said, regular readers know that I get very frustrated with the statist policy agendas of both the International Monetary Fund and the Organization for […]

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