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A Laffer-Curve Relationship between Welfare Spending and Poverty

The welfare state is bad news. It’s bad for taxpayers and it’s bad for recipients. It’s also bad for the economy since prosperity is in part a function of the quantity of labor that is productively employed. As such, government programs that lure people into dependency obviously reduce national economic output. We can get a […]

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When Picking the Correct Size of Government, the Choice Isn’t Anarchy or Greece

Back in 2011, I shared a video that mocked libertarians by claiming that Somalia was their ideal no-government paradise. I pointed out, of course, that the argument was silly. Sort of like claiming that North Korea is the left’s version of policy paradise. But the video was very clever, and I’m more than willing to […]

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Demographics + Entitlements = Europe’s Doom

The most depressing data about America’s economy is not the top tax rate, the regulatory burden, or the level of wasteful of government spending. Those numbers certainly are grim, but I think they’re not nearly as depressing as America’s demographic outlook. As you can see from this sobering image, America’s population pyramid is turning into […]

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Trudeau-nomics: Squandering Canada’s Fiscal Legacy, Risking Canada’s Economic Progress

In recent weeks, the bureaucrats at both the International Monetary Fund and the Organization for Economic Cooperation and Development have recommended that politicians should have a green light to supposedly stimulate growth by increasing the burden of government spending. Since the lavish (and tax-free) salaries for IMF and OECD bureaucrats are made possible by those […]

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The IMF Is the Dumpster Fire of the Global Economy

I thought the Organization for Economic Cooperation and Development had cemented its status as the world’s worst international bureaucracy when it called for a Keynesian spending binge even though the global economy is still suffering from previous schemes for government “stimulus.” But the International Monetary Fund is causing me to reconsider my views. First, some […]

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Higher Taxes Are a Recipe for Higher Spending, not Lower Debt

With both Hillary Clinton and Bernie Sanders agitating for higher taxes (and with more than a few Republicans also favoring more revenue because they don’t want to do any heavy lifting to restrain a growing burden of government), it’s time to examine the real-world evidence on what happens when politicians actually do get their hands […]

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