Simply stated, tax-and-transfer entitlement programs dont work very well with aging populations.
The developing world is hampered by intervention, corruption, and absence of property rights. And the United States is stumbling through an abnormally weak recovery.
I fear that many nations, such as France and Greece, have already reached the point of no return. And Im worried America is on the same path.
Watching politicians give speeches, such as Obamas State of the Union address, is an occupational hazard when you work at a think tank.
Workers tend to earn more when there is more capital... Which should be a common-sense observation.
Over and over again, Ive shared evidence showing that gun ownership deters crime. As I pointed out in my IQ test for criminals and liberals, even stupid criminals dont want to get shot.
If the Moocher Hall of Fame ever moves from the virtual world to brick-and-mortar reality, its going to need a lot of space.
The Nordic focus on equality is so pervasive that it leads to unbelievably stupid policies.
Keynesian economics is a perpetual-motion machine for statists. The way to boost growth, they argue, is to have governments borrow lots of money from the economys productive sector and then spend it on anything and everything.
Its very frustrating to write about the minimum wage. How often can you make the elementary observation, after all, that youll get more unemployment if you try to make businesses pay some workers more than theyre worth?
The modern welfare state is a disaster. But rather than go into lengthy details, lets simply look at some very powerful images.
Way back in 2010, immediately after Obamacare was rammed down our throats, I put together four guiding principles for a counter-offensive.
For the past several years, on the issue of jobs, Ive focused more on the employment-population ratio rather than the official unemployment rate.
There wont be any excuse, however, if Republicans move forward with a plan to hike the gas tax and further centralize transportation decisions in Washington.
All these bureaucrats will probably be ashamed to learn that one of their counterparts in India makes the rest of them seem like workaholics.
Today Im going to say something nice about Obamacare... Not because I like the overall law, but because honesty is the best policy.
Its probably not a fun time to be a police officer. The deaths of Michael Brown in Missouri and Eric Garner in New York have led some including the Mayor of New York City to explicitly or implicitly accuse cops of systemic racism.
Because of the need to control the size and scope of government, its critically important to reject all tax hikes. Simply stated, once politicians think theres a possibility of more revenue coming to DC, any commitment to spending restraint and entitlement reform will quickly evaporate.
Shortly after Obamacare was enacted, I began to maintain a list of groups that were victimized by the law. But after listing kids, low-income workers, and retirees,I quickly realized this was a senseless exercise because virtually everyone in the country was going to be hurt by this expansion of government power and control.
According to Gallup, Americans now identify government as the most important problem facing the United States.