The International Monetary Fund isn’t my least-favorite international bureaucracy. That special honor belongs to the Organization for Economic Cooperation and Development, largely because of its efforts to undermine tax competition and protect the interests of the political class (it also tried to have me arrested, but I don’t hold that against them). But the IMF […]
Continue reading Who You Going to Believe on Infrastructure Spending: The IMF in August or the IMF in October?
Europe is in deep trouble. That’s an oversimplification, of course, since there are a handful of nations that seem to be moving in the right direction (or at least not moving rapidly in the wrong direction). But notwithstanding those exceptions, Europe in general is suffering from economic stagnation caused by a bloated public sector. Barring […]
Continue reading Excessive Government Spending in Europe: Sowing the Seeds for another Fiscal Crisis
I’ve had ample reason to praise Hong Kong’s economic policy. Most recently, it was ranked (once again) as the world’s freest economy. And I’ve shown that this makes a difference by comparing Hong Kong’s economic performance to the comparatively lackluster (or weak) performance of economies in the United States, Argentina, and France. But perhaps the […]
Continue reading Hong Kong’s Remarkable Fiscal Policy
Back in 2010, I shared some wise words from Walter Williams and Theodore Dalrymple about how society can become unstable when people figure they can “vote themselves money.” On a related note, I shared the famous “riding in the wagon” cartoons in 2011 and the “Danish party boat” image in 2014. Both of these posts […]
Continue reading What Happens When Too Many Voters Support Redistribution?
I’m not a big fan of international bureaucracies. Regular readers know that the Organization for Economic Cooperation and Development is the worst institution from my perspective, followed by the International Monetary Fund. Some folks ask why the United Nations isn’t higher on the list? My answer is simple. The UN has a very statist orientation […]
Continue reading Bureaucrats at the United Nations Endorse Sweeping New Tax Powers for Politicians
My colleagues Chris Edwards and Nicole Kaeding have just released the biennual Fiscal Policy Report Card on America’s Governors from the Cato Institute. The Report Card is one of the Cato Institute’s most impressive publications since developments on the state level help illustrate the relationship between good fiscal policy and economic performance. The top scores […]
Continue reading Led by North Carolina and Kansas, a Look at States Moving in the Right Direction