Did you sing Happy Birthday? The nation just “celebrated” the fifth anniversary of the signing of the so-called American Recovery and Reinvestment Act, more commonly referred to as the “stimulus.” This experiment in Keynesian economics was controversial when it was enacted and it’s still controversial today. The Obama Administration is telling us that the law […]
Continue reading White House Stimulus Report Based on “Keynesian Fairy Dust”
When I give speeches around the country, I often get asked whether it’s time to give up. More specifically, has America reached a tipping point, with too many people riding in the wagon of government dependency and too few people creating wealth and pulling the wagon in the right direction? These questions don’t surprise me, […]
Continue reading Big Government and Tipping Points: Is America Is Doomed to Become a Failed European-Style Welfare State?
I feel a bit like Goldilocks. No, this is not a confession about cross-dressing or being transsexual. I’m the boring kind of libertarian. Instead, I have a run-of-the-mill analogy. Think about when you were a kid and your parents told you the story of Goldilocks and the Three Bears. You may remember that she entered […]
Continue reading Goldilocks, Canada, and the Size of Government
A just-released report from the bean counters at the Congressional Budget Office is getting lots of attention because the bureaucrats are now admitting that Obamacare will impose much more damage to the economy than they previously predicted. Of course, many people knew from the start that Obamacare would be a disaster and that it would […]
Continue reading New CBO Numbers Show a Remarkably Simple Path to a Balanced Budget