The President’s main “accomplishment” has been such a disaster that I wonder whether it’s time to feel sorry for Obama. And if you looked in the dictionary for a definition of Schadenfreude, you might find a picture of me reading a story exposing more evidence that Obamacare isn’t working.
What’s the best state in America? I’m not sure I can answer that broad question, but I can address the more narrow issue of which state has the most economic freedom.
A bunch of well-connected rich people and government officials are descending upon Switzerland for the annual World Economic Forum meeting in Davos. This upsets many people, and perhaps with some justification. After all, bad things often happen when big business and big government intersect.
If you’re a libertarian, you generally don’t act and think like other people. Most folks, when they heard about Governor Christie’s bridge-closing scandal, focused on the potential political ramifications.But not me.
If you use data from the Minneapolis Federal Reserve to compare the current business cycle to previous downturns and upturns in the U.S. economy, then the outlook is very grim. Simply stated, the American economy is enduring the worst performance for labor markets since the Great Depression. Still.
In the battle for jobs and investments, nations can change policy to impact their attractiveness, but they also can gain ground or lose ground because of what happens in other nations.
If this sounds familiar, it’s probably because you’re aware of other slippery slope examples, such as the tiny income tax in 1913 that has morphed into the internal revenue code monstrosity of today.
Do libertarians have a sense of humor? That’s a relevant question because many people think of us as unhappy curmudgeons, or perhaps as dorky Randians.
The title of today’s column may not make much sense if you’ve never watched The Producers, a 1960s Mel Brooks comedy featuring Gene Wilder and Zero Mostel, but you’ll soon see the connection. That’s because we’re going to laugh at Obamacare, otherwise known as the gift that keeps on giving, and Hitler is part of our satire.
My favorite Heritage Foundation publication (other than…ahem…my studies on government spending and the flat tax) is the annual Index of Economic Freedom.
Just look at how the White House turned the supposedly professional IRS into a partisan political operation. The government had power, ostensibly for a legitimate reason, but politicians and bureaucrats then used the power in a grossly improper fashion.
When the New York Post ran a story about the feds pissing away a six-figure sum on condom research, I figured this would be a perfect addition to my collection of government waste stories.
This image may be the most succinct way to showing the difference between capitalism and socialism.
Washington is in the middle of another debate about redistributing money. But that’s hardly newsworthy. Politics, after all, is basically a never-ending racket in which insiders buy votes and accumulate power with other people’s money.
Depending on my mood and time of day, any of number of options might be at the top of my list. But I also might say that I’m most upset about the way that the tax code facilitates a perverse form of legalized corruption in Washington.
The numbers in this chart, which are based on Census Bureau data and scholarly studies, show that the poverty rate was steadily falling in the United States – until the federal government decided to launch a so-called War on Poverty.
One of my most widely read – but also most depressing – articles was from about two years ago and it exposed the fact that Washington, DC, is now the nation’s richest region. I explained that Washington is rich because of unearned wealth.
Some things in life are very dependable. Every year, for instance, the swallows return to Capistrano. And you can also count on Dan Mitchell to wax poetic about the looming collapse of French statism.
OECD bureaucrats get tax-free salaries, which nicely insulates them from having to deal with the negative consequences of the policies they advocate for folks in the private sector.
If folks on the left really cared about minorities, they would be among the biggest advocates of genuine reform.