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A Big Fiscal Victory: Constitutional Spending Caps for Brazil!

The good thing about being a libertarian (above and beyond respecting the rights and liberties of other people) is that you can always say “I told you so” when government intervention leads to bad results. Obamacare is a very good (albeit very painful) example. The bad thing about being a libertarian is that you don’t […]

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The Insane World of Agriculture Subsidies

I’ve argued before that the Department of Housing and Urban Development (HUD) should be the top target of those seeking to shut down useless and counterproductive parts of the federal government. And if President-Elect Trump’s choice for HUD Secretary, Ben Carson, is as sound on housing issues as he is on tax issues, presumably he […]

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The “Austerity” Debate: More Academic Evidence against Big Government

In the world of fiscal policy, there are actually two big debates. One debate revolves around the appropriate size of government in the long run. Folks on the left argue that government spending generates a lot of value and that bigger government is a recipe for more prosperity. Libertarians and their allies, by contrast, point […]

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Great Moments in Pentagon Incompetence and Waste

Last month, I explained that America’s fiscal problems are almost entirely the result of domestic spending programs, particularly entitlements. Some critics immediately decided this meant I favored a blank check for the Pentagon, even though I specifically stated that “I’m very sympathetic to the proposition that trillions of dollars that have been misspent on foreign […]

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Shut Down the Department of Energy, Yesterday if Possible

President-Elect Trump has picked Ben Carson as his Secretary for the Department of Housing and Urban Development (HUD), which immediately produced two thoughts. First, since he had the best tax plan of all the 2016 candidates, too bad he wasn’t named Secretary of Treasury. Second, I hope his job at HUD is to shut down […]

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OECD Economic Research Finds that Government Spending Harms Growth

At the risk of understatement, I’m not a fan of the Organization for Economic Cooperation and Development. Perhaps reflecting the mindset of the European governments that dominate its membership, the Paris-based international bureaucracy has morphed into a cheerleader for statist policies. All of which was just fine from the perspective of the Obama Administration, which […]

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