Feeds:
Posts
Comments

Search Results for 'india'

I’ve just finished up a week of lectures and meetings in India. It was an interesting trip, but not an encouraging trip. My first observation is that Indians are enormously successful when they emigrate to the United States. And they also do very well when they migrate to Singapore, South Africa, and other place around […]

Read Full Post »

I wrote yesterday about the global evidence showing that more money does not improve the lackluster performance of government schools. Those results are not surprising because we see the same thing in the United States. More money is good for the education bureaucracy, but it doesn’t lead to better student outcomes. Now let’s focus on […]

Read Full Post »

I wrote a four-part series about how governments are waging a war against cash, with the first two columns looking at why politicians are so interested in taking this radical step. In Part I, I looked at the argument that cash should be banned or restricted so governments could more easily collect additional tax revenue. In […]

Read Full Post »

As part of yesterday’s column about global growth, poverty, and inequality, I realized that I’ve written several columns about economic policy in China, but never once focused on overall policy in India. Indeed, a quick look through the archives reveals only three columns that even addressed specific policies in India. And all of them were […]

Read Full Post »

The War against Cash is a battle that shouldn’t even exist. But politicians don’t like cash because it’s hard to control something that people can freely trade back and forth. So folks on the left are arguing that governments should ban or restrict paper money. In Part I, we looked at the argument that cash […]

Read Full Post »

One (hopefully endearing) trait of being a policy wonk is that I have a weakness for jurisdictional rankings. At least if they’re methodologically sound. This is why I was so happy a couple of weeks ago when I got to peruse and analyze the 2016 version of Economic Freedom of the World (even if the […]

Read Full Post »

I’m impressed, in a dark and gloomy way. I thought the Italian healthcare official who showed up for work only 15 days in a nine-year period set the record for bureaucratic loafing. Based on longevity of laxity, he definitely out-did the San Francisco paper pusher who didn’t work at all in 2012 yet still got […]

Read Full Post »

I’m a libertarian because I believe in individual freedom and greater prosperity, but what really motivates me is the desire to protect people from predatory government. So even though the economist in me wants to reduce the burden of government spending and implement a flat tax because such policies will boost growth and lead to […]

Read Full Post »

That line is from a great column by Steve Chapman, who wonders why NATO still exists. If you read this column and Mark Steyn’s recent National Review article (which I blogged about here), you will have a good grasp of what makes libertarian foreign policy very compelling. Defense Secretary Robert Gates went to Europe recently […]

Read Full Post »

As a taxpayer, I’m not overly happy that we still have an Indian Affairs Committee. And I’m definitely not happy that the Committee is wasting my money by holding a hearing about stereotypes. And I’m rolling my eyes that some folks on the Committee are upset that Osama bin Laden was given the code-name Geronimo. […]

Read Full Post »

Last year, I released this video to help explain why the World Trade Organization has been a good deal for the United States. My argument was – and still is – very straightforward, and it’s based on two simple propositions. Free trade is good because societies are more prosperous with free markets and open competition. […]

Read Full Post »

From the perspective of lifestyle (factors such as climate, scenery, and recreational opportunities), there’s probably no better state in which to live than California. But if you want to be an entrepreneur, start a business, and create jobs, the Golden State is one of the worst places in America. I’ve already written about the state’s […]

Read Full Post »

A Supreme Court Justice pointed out in 1932 that “a state may, if its citizens choose, serve as a laboratory; and try novel social and economic experiments without risk to the rest of the country.” Well, we’ve had several experiments in higher taxes and higher spending, and they don’t work. States with heavier fiscal burdens […]

Read Full Post »

I’m not a big fan of bureaucracy, mostly because government employees are overpaid and they often work for departments and agencies that shouldn’t exist. Today, motivated by “public choice” insights about self-interested behavior, I want to make an important point about how bureaucracies operate. We’ll review two articles about completely disconnected issues. But they both […]

Read Full Post »

Back in 2014, I compared Hong Kong’s amazing growth with Cuba’s pitiful stagnation and made the obvious point that free markets and limited government are the right recipe for prosperity. Especially if you care about improving the lives of the less fortunate. Communists claim that their ideology represents the downtrodden against the elite, yet the […]

Read Full Post »

Given their overt statism, I’ve mostly focused on the misguided policies being advocated by Bernie Sanders and Elizabeth Warren. But that doesn’t mean Joe Biden’s platform is reasonable or moderate. Ezra Klein of Vox unabashedly states that the former Vice President’s policies are “far to Obama’s left.” The rhetorical clash between "leftists" and "moderates" is […]

Read Full Post »

An utterly depressing statistic is that the Washington, D.C.-area is now the richest region of the country. At the risk of understatement, that wealth is largely unearned. It’s mostly a reflection of overpaid bureaucrats, greedy politicians, fat-cat lobbyists, beltway-bandit contractors, and other insiders who have their snouts buried in the federal trough. I’m not a […]

Read Full Post »

If I had to identify the most economically destructive part of Senator Elizabeth Warren’s agenda, I’d have a hard time picking between her confiscatory wealth tax and her so-called Medicare-for-All scheme. The former would dampen wages and hinder growth by penalizing saving and investment, while the latter would hasten America’s path to Greece. By contrast, […]

Read Full Post »

Following their recent assessment of the best and worst countries, the Tax Foundation has published its annual State Business Tax Climate Index, which is an excellent gauge of which states welcome investment and job creation and which states are unfriendly to growth and prosperity. Here’s the list of the best and worst states. Unsurprisingly, states […]

Read Full Post »

For a multitude of reasons, I wasn’t a fan of Mitt Romney’s candidacy in 2012. But when supporters of Barack Obama accused him of somehow being responsible for a woman who died from cancer, I jumped to his defense by pointing out the link between unnecessary deaths and bad economic policy. Simply stated, market-friendly policies […]

Read Full Post »

Since Elizabeth Warren is now the supposed frontrunner for the Democrats, she merits closer inspection. That includes serious analysis of her policy proposals. I’ve already done some of that (reviewing her statist views on Social Security, corporate governance, federal spending, taxation, Wall Street, etc). And, since all politicians deserve mockery, it also includes humor. Needless […]

Read Full Post »

I’ve shared some amazing stories about leftist hypocrisy over the years. John Kerry criticizing tax havens while keeping much of his fortune in the Cayman Islands. Bernie Sanders agitating for a $15 minimum wage while paying his staff a lower amount. Bill and Hillary dodging the death tax, while supporting plans to force others to […]

Read Full Post »

I’m constantly surprised by what happens in the world of politics. I didn’t think Donald Trump had any chance of winning in 2016, yet I was obviously wrong. I also thought Elizabeth Warren’s political career would be crippled after people found out she fraudulently claimed Indian ancestry to gain special preferences in hiring at law […]

Read Full Post »

‘Two years ago, I wrote about how Connecticut morphed from a low-tax state to a high-tax state. The Nutmeg State used to be an economic success story, presumably in large part because there was no state income tax. But then an income tax was imposed almost 30 years ago and it’s been downhill ever since. […]

Read Full Post »

Bernie Sanders is a delusional hard-core statist, but that’s part of what makes him attractive for some voters. Simply stated, they think he’s authentic rather than a finger-in-the-wind politician. But I’m not so sure that’s true. I pointed out in 2015 that he’s not even true to his socialist ideology. Rather than promoting government ownership, […]

Read Full Post »

Every so often, I’ll see a story (or sometimes even just a photo, a court decision, or a phrase) that sums up the essence of government – a unseemly combination of venality and incompetence. Today, we’re going to review three examples that make my point. We’ll lead with a story that is a perfect case […]

Read Full Post »

I spend much of my time analyzing the foolish and counterproductive policies imposed by Washington. Often accompanied by some mockery of politicians and their silly laws. And I also employ the same approach when reviewing the bone-headed policies often pursued by state governments and local governments. And since this is “International Liberty,” I obviously like […]

Read Full Post »

Donald Trump is an incoherent mix of good policies and bad policies. Some of his potential 2020 opponents, by contrast, are coherent but crazy. And economic craziness exists in other nations as well. In a column for the New York Times, Jochen Bittner writes about how a rising star of Germany’s Social Democrat Party wants […]

Read Full Post »

I’ve written repeatedly about how anti-money laundering (AML) laws are pointless, expensive, intrusive, discriminatory, and ineffective. And they especially hurt poor people according to the World Bank. That’s a miserable track record, even by government standards. Now it’s time to share two personal stories to illustrate how AML laws work in practice. Episode 1 Last […]

Read Full Post »

It’s not easy being a libertarian. Thanks to senseless and harmful government policies, you run the risk of being perpetually outraged. One day, you get angry because an innocent person is being harassed by the bureaucracy. The next day, you’re upset because insiders are using their political connections to get unearned wealth. The following day, […]

Read Full Post »

Next »