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Search Results for '"Veronique de Rugy"'

I’m a big believer in focusing on results rather than reputation or rhetoric. For instance, many Republican politicians talk a good game about spending restraint. But when you crunch the numbers, it turns out that they often increase spending even faster than Democrats. What’s true about politicians (the gap between reputation and reality) can also […]

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The private sector reacted quickly (when allowed by sluggish and inefficient government) to the coronavirus pandemic. We quickly got everything from vaccines to personal protective equipment. That’s the good news. The bad news is that politicians also reacted quickly. The crowd in Washington used the crisis as an excuse to spend money. Lots of money. […]

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Yesterday’s column explained why Biden’s proposed global cartel for corporate taxation was a bad idea. In this clip from a recent panel hosted by the Austrian Economics Center in Vienna, I speculated on whether the plan would become reality. I encourage you to watch the 4-minute video, but all you really need to know is […]

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Two days ago, I shared data showing that people in the big nations of Western Europe only have about 75 cents of income for every $1 that Americans earn. That’s a remarkable gap, and it’s getting larger rather than smaller, even though theory says that shouldn’t happen. But what’s even more shocking is that a […]

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One of America’s leading public intellectuals, Walter Williams, has passed away. In 2014, I shared a teaser for Suffer No Fools, a video biography of his life. To commemorate the life of this great man, here’s the full video. I first got to know Walter when I was a Ph.D. student at George Mason University […]

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Because of changing demographics and poorly designed entitlement programs, the burden of government spending in the United States (in the absence of genuine reform) is going to increase dramatically over the next few decades. That bad outlook will get even worse thanks to all the coronavirus-related spending from Washington. This is bad news for America […]

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I’ve written four columns (here, here, here, and here) on the general failure of government health bureaucracies to effectively respond to the coronavirus. The pattern was so pronounced that it even led me to unveil a Seventh Theorem of Government. I’m not surprised at this outcome, of course, given the poor overall track record of […]

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Remember the “jobless recovery” of the Obama years? Part of the problem was that President Obama kept extending unemployment benefits, which subsidized joblessness, as even Paul Krugman and Larry Summers had warned. The good news was that Congress eventually said no in 2014 (actually one of the three best things to happen that year). After […]

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After Hitler’s National Socialists were defeated in World War II, the allies imposed price controls on the German economy for the ostensible purposes of fighting inflation and preventing “price gouging.” That policy led to massive shortages, black markets, and hoarding. Fortunately, as described in this video, a very clever economist abolished those controls, thus setting […]

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Back in 2008, the soon-to-be Chief of Staff for President Obama infamously stated that, “You never want a serious crisis to go to waste.” Sure enough, the Obama Administration – elected in the aftermath of the financial crisis – quickly rammed through a so-called stimulus, followed by Obamacare and Dodd-Frank. Now it’s happening again. Politicians […]

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Early last year, I shared a video explaining that trade deficits generally don’t matter. I even suggested trade deficits might be a sign of economic strength because foreigners who earned dollars were anxious to invest them in the American economy. I’m recycling this video to make a point about trade and the economy for both […]

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As part of National Education Week, I’ve looked at the deterioration of K-12 government schools and also explained why a market-based choice system would be a better alternative. The good news is that we have a choice system for higher education. Students can choose from thousands of colleges and universities. The bad news is that […]

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Ronald Reagan must be turning over in his grave. A Republican president is pushing protectionist policies that hurt American consumes and taxpayers. A Republican president and Congress are spending like drunken sailors (apologies to drunken sailors). Now some Republican politicians are promoting a version of central planning called “industrial policy.” This newfound flirtation with industrial […]

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Speaking in Europe earlier this year, I tried to explain the entire issue of tax competition is less than nine minutes. To some degree, those remarks were an updated version of a video I narrated back in 2010. You’ll notice that I criticized the Organization for Economic Cooperation and Development in both videos. And with […]

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Spending caps are the most effective way of fulfilling my Golden Rule for fiscal policy. And we have good evidence for this approach, as I explain in this FreedomWorks discussion. I also discuss tax competition in the interview, as well as other topics. You can watch the entire discussion by clicking here. But I’m sharing […]

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One of the worst examples of Washington cronyism is the Export-Import Bank, which has provided subsidies for big companies that sell to foreign buyers. Corrupt firms such as Boeing and General Electric argue that they need help from the Ex-Im Bank in order make those sales. Is that true? Interestingly, we had a real-world test […]

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I admired the Tea Party because it was made up of people who were upset by the bipartisan waste and corruption of Washington. And I think they even had a positive – albeit only temporary – effect. But the “Yellow Vest” protesters in France, as I explain in this interview, are much less coherent. Needless […]

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I have this quaint notion that the Constitution guarantees economic liberty by limiting the power of Washington. Needless to say, parental leave is not one of the enumerated powers in Article 1, Section 8. Sadly, many people (include the Chief Justice of the Supreme Court) don’t share my view. So let’s set aside that objection […]

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Since I’m a proponent of tax reform, I don’t like special favors in the tax code. Deductions, exemptions, credits, exclusions, and other preferences are back-door forms of cronyism and government intervention. Indeed, they basically exist to lure people into making decisions that otherwise aren’t economically rational. These distortionary provisions help to explain why we have […]

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As a fiscal policy wonk, I’ve come across depressing examples of counterproductive tax provisions (health benefits exclusion, ethanol credits) and spending programs (the entire HUD budget, OECD subsidies). But the folks who work on regulatory policy may get exposed to the most inane government policies (Fannie-Freddie mandate, EEOC rulings). For example, consider how the government […]

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I don’t want to write about Trump’s new NAFTA deal (which now has the clunky acronym of USMCA), largely because not much changed since the partial deal with Mexico was unveiled. Also, it’s hard to get too worked up about the new agreement since it largely tinkers with the status quo. And since I was […]

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I wrote a few days ago about Obama’s weak track record on the economy and included the relevant part of a Fox Business interview. In that same interview, I also talked about Trump’s performance. As you might expect, I said nice things about tax reform and regulatory relief, but was rather alarmist about his protectionism. […]

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By starting a trade war, President Trump is playing with matches in a gunpowder factory. Other nations are retaliating, creating the risk of escalating tit-for-tat protectionism. But is that really what’s happening? Is it possible that the President instead is playing hardball to get other nations (who generally have more trade barriers than America) to […]

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When I give speeches about public policy issues, people sometimes ask about the impact of various policies on economic growth. What will happen to growth if the death tax is repealed? How much will GDP be hurt by Trump’s protectionism? If HUD is abolished, will there be a growth dividend? I always respond with a […]

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Writing a column every day can sometimes be a challenge, in part because of logistics (I have to travel a lot, which can make things complicated), but also because I want to make sure I’m sharing interesting and relevant information. My task, however, is very easy on certain days. When Economic Freedom of the World […]

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On April 17, the Supreme Court heard oral arguments in South Dakota v. Wayfair, Inc., a case dealing with whether states should have the power to levy taxes on companies in other states. Most observers see this issue as a fight over taxing the Internet, taxing online sales, or a battle between Main Street merchants […]

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Back in 2015, I wrote some columns about policy differences with folks who normally would be considered allies. In Part I, I defended the flat tax, which had been criticized by Reihan Salam In Part II, I explained why I thought a comprehensive fiscal package from the American Enterprise Institute was too timid. In Part […]

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On the one-year anniversary of his inauguration, I graded Trump’s overall record on economic policy and specifically observed that his trade rhetoric was worse than his trade policy. But I added a caveat about the North American Free Trade Agreement. …he’s been doing a lot of saber-rattling, but fortunately not drawing too much blood. That being […]

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When Ronald Reagan slashed tax rates in America in the 1980s, the obvious direct effect was more prosperity in America. But the under-appreciated indirect effect of Reaganomics was that it helped generate more prosperity elsewhere in the world. Not because Americans had higher income and could buy more products from home and abroad (though that […]

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I have a fantasy of junking the entire corrupt tax system and adopting a simple and fair flat tax. I have an even bigger fantasy of shrinking the size and scope of the federal government to what America’s Founders intended, in which case Washington wouldn’t need any broad-based tax. But in the real world, where […]

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