Okay, Ill admit right away that the title of this column is an exaggeration.
The standard argument against an easy-money policy is that it creates distortions in an economy that lead to either rapid increases in the price level, like we endured in the 1970s, or unsustainable asset bubbles, like we experienced last decade.
Even small differences in economic growth make a big difference to living standards over time.
For the people of China, theres good news and bad news.
A nations prosperity is determined by the quantity and quality of labor and capital that are productively utilized.
When writing about economic growth, my usual approach is to point out that more output is a function of increases in the quantity and quality of labor capital.
I dont understand the lefts myopic fixation on income inequality. If they genuinely care about the less fortunate, they should be focused on policies that produce higher incomes.
There are some things in life that are guaranteed to make me smile.
Who benefits most from the death tax?
Ive sometimes asserted, only half-jokingly, that statists believe all of our income belongs to the government and that we should be grateful if were allowed to keep any slice of what we earn.
Whats Americas main fiscal policy challenge, particularly in the long run?
I realize its tax week and I should be condemning our convoluted tax code and oppressive IRS.
Whats the Laffer Curve? Its the simple, common-sense observation that theres not a linear relationship between tax rates and tax revenue.
Free trade is a good moral concept for the simple reason that politicians and bureaucrats should not be allowed to interfere with voluntary transactions between consenting adults.
Ive often complained that government-created third-party payer is the main problem with Americas healthcare system, and I was making that point well before Obamacare was imposed upon the country.
With tax day looming, lets wallow in misery by contemplating the burden on Americas taxpayers.
Whats the most important factor for economic progress?
When writing about the Golden State, I generally focus on fiscal policy. After all, California is trying to become the France of America by imposing punitive tax rates and continuously expanding the burden of government spending.
Ive written many times about the shortcomings of government schools at the K-12 level. We spend more on our kids than any other nation, yet our test scores are comparatively dismal.
When describing their view of government and public policy, libertarians and constitutional conservatives sometimes use a variation of this phrase: Not everything thats illegal is immoral, and not everything thats immoral should be illegal.