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Europe’s Dismal Future

A couple of days ago, I wrote about Clemens Schneider’s hypothesis, presented at the European Students for Liberty regional conference in Maastricht, that 1356 was a very important year in European history because of two events that promoted decentralization and federalism. I also participated in the event and was asked to speak about “Ensuring Sustainable […]

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A Fiscal Lesson from Western Australia’s Spending Binge

I’m generally a fan of Australia. I wrote my dissertation on the country’s private Social Security system, and I’m always telling policy makers we should  copy their approach. The Aussies also abolished death taxes, which was a very admirable choice. I even wrote that Australia is the place to go if politicians wreck the American […]

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The Greek Crisis: Caused by Statism, Exacerbated by Statism

In 2008, government spending consumed 50.9 percent of economic output in Greece according to OECD fiscal data. That same year, Greece’s score from Economic Freedom of the World was 7.12 (on a 0-10 scale), which was rather poor for a supposedly developed country and only #60 for all nations. Then the fiscal crisis hit and […]

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More Research Showing the Negative Impact of Large Public Sectors

Since I’ve referred to the International Monetary Fund as both “the Dumpster Fire of the Global Economy” and “the Dr. Kevorkian of Global Economic Policy,” readers can safely conclude that I’m not a fan of the international bureaucracy. My main gripe is that senior bureaucrats routinely make the mistake of bailing out profligate governments (often […]

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Pension Promises to State and Local Bureaucrats Are a Ticking Time Bomb

America’s main long-run retirement challenge is our pay-as-you-go Social Security system, which was created back when everyone assumed we would always have a “population pyramid,” meaning relatively few retirees and lots of workers. But as longevity has increased and fertility has decreased, the population pyramid increasingly looks like a cylinder. This helps to explain why […]

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It’s not Just Campaign Rhetoric, Hillary Clinton Actually Believes Keynesian Economics

Since it’s very likely that Hillary Clinton will be our next President, I’m mentally preparing myself for upcoming fights over her agenda of bigger government and class warfare. But the silver lining to this dark cloud is that I don’t think I’ll be distracted by also having to fight against protectionist policies. My tiny bit […]

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