Remember the big debt limit fight of 2013? The political establishment at the time went overboard with hysterical rhetoric about potential instability in financial markets.
If you want to pinpoint the leading source of bad economic policy proposals, I would understand if someone suggested the Obama Administration.
The conventional wisdom, pushed by the IMF and others, is that Greeces economy will never recover unless there is substantial debt relief.
Im very fond of Estonia, and not just because of the scenery. Back in the early 1990s, it was the first post-communist nation to adopt a flat tax.
For understandable reasons, the fiscal mess in Greece has dominated the European economic headlines.
I suggested a couple of months ago that the economic turmoil in Greece and Venezuela is somewhat akin to a real-life version of Atlas Shrugged.
When I wrote the other day that the Organization for Economic Cooperation and Development was the worst international bureaucracy, I must have caused some envy at the International Monetary Fund.
In my ultimate fantasy world, Washington wouldnt need any sort of broad-based tax because we succeeded in shrinking the federal government back to the very limited size and scope envisioned by our Founding Fathers.
I almost feel sorry for my leftist friends. Whenever theres a story about a crazed shooter, they invariably speculate that its someone affiliated with the Tea Party. So they must be sad when it turns out to be a random nut or in some cases a leftist.
Theres an old saying that you shouldnt bite the hand that feeds you. Unfortunately, politicians in Washington dont follow that advice.
America has a giant long-run problem largely caused by poorly designed entitlement programs such as Social Security, Medicare, and Medicaid.
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?