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Europe’s Suicidal Welfare State

When I write about the “suicidal” welfare state in Europe, I’m generally making an economic argument that involves demographic change, labor participation rates, and fiscal burdens. And that’s a non-trivial argument, based on very sobering data from the Bank for International Settlements, the International Monetary Fund, and the Organization for Economic Cooperation and Development. Today, […]

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Another Edition of Great Moments in Government Waste, Malfeasance, and Foolishness

Since I’m an advocate of smaller government, you might imagine I’m perpetually depressed. After all, I work in Washington where I’m vastly outnumbered by people who specialize in looting and mooching. At times, I feel like a missionary in a house of ill repute. But I always look for the silver lining when there’s a […]

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Two Videos that Perfectly Capture the Feckless Arrogance and Stupidity of the Federal Government

Summarizing the federal government is not easy. There’s nearly $4 trillion of spending to disentangle. There’s a 75,000-page tax code to decipher. And there’s a regulatory morass that defies understanding. So when people ask me questions about the cost of the federal government, there’s never a satisfactory answer. I sometimes respond by pointing to sub-par […]

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Great Moments in Local, State, National, and Foreign Government

I periodically share this poster, in part because it’s funny, but mostly because it’s true. After all, can you think of many “success stories” involving government? When I pose this question to my statist friends, I usually get a blank stare in response. Though some of them will offer answers such as the GI Bill, […]

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Amazing Chutzpah – and Cluelessness – from the Obama Administration

While I normally focus on jaw-dropping examples of hypocrisy by politicians, I realize that our beloved leaders also can be absurdly brazen in their exaggerations, deceptions, and prevarications. But sometimes you can’t help but be shocked by their chutzpah. Sort of like the time back in 2010 that a Greek politician issued an ultimatum that […]

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Hoisting Obama on His Own Try-Something-New Petard

My Cato Institute colleague Michael Tanner has produced some first-rate substantive research on issues. He produced a study showing that personal retirement accounts would have been a better deal than Social Security even for people who retired at the depth of the financial crisis and stock-market collapse. He authored another study showing that overly generous […]

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