The Wrong Kind of Entitlement Reform Could Be Worse than No Entitlement Reform

I have a new article for National Review about the fallout from the Supercommittee. Among the points I make are: o We were lucky to dodge a tax hike. o There’s still a threat of a tax hike if big-government Republicans side with the so-called rational left in favor of a tax-increase proposal, such as [...]

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What’s the Solution to Europe’s Fiscal Crisis: Spending Cuts, or Bailouts and Easy Money?

In hopes of stopping investor panic about Europe’s fiscal crisis, the world’s major central banks just announced that they will do whatever is needed to ensure financial markets don’t freeze up. This could be an appropriate and relatively benign use of the lender-of-last-resort powers, or it could signal another round of reckless easy money and [...]

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