Feeds:
Posts
Comments

Search Results for '"Veronique de Rugy"'

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 […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

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. […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

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 […]

Read Full Post »

I’ve called for the abolition of the Department of Transportation. On more than one occasion. So I was very excited to see this new video about infrastructure from Johan Norberg. Very well put. As Johan says (channeling Bastiat), we should remember that jobs are destroyed when money is taken out of the private sector to […]

Read Full Post »

I’m in Las Vegas for FreedomFest, which is sort of like summer camp for libertarians, small-government conservatives, and others who don’t like a bloated and intrusive state. I’ll be talking about tax reform, the sharing economy, and strategies to constrain big government. One of the features of this 10th-anniversary meeting of FreedomFest is that the […]

Read Full Post »

My crusade against the border-adjustable tax (BAT) continues. In a column co-authored with Veronique de Rugy of Mercatus, I explain in today’s Wall Street Journal why Republicans should drop this prospective source of new tax revenue. …this should be an opportune time for major tax cuts to boost American growth and competitiveness. But much of […]

Read Full Post »

I focus most of my ire on the federal government because bad policy from Washington is the biggest threat to our nation’s freedom and prosperity. But we also get plenty of bad policy from other levels of government. I periodically focus on the foibles of states such as California, Illinois, and New York. Today, though, […]

Read Full Post »

I’ve shared several surveys that people can take to determine whether they are libertarian. Now the good folks from FreedomFest are taking this to the next level by conducting a survey to determine the “50 Most Influential Libertarians.” I invite everyone to participate by clicking here, especially since filling out the survey gives you a […]

Read Full Post »

Next »