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Italy’s Countdown to Fiscal Crisis

May 23, 2018

Italy’s Countdown to Fiscal Crisis Italy’s current scheme of piling unfunded government spending on top of an already-huge debt is a recipe for disaster. As a general rule, we worry too much about deficits and debt. Yes, red ink matters, but we should pay more attention to variables such as the overall burden of government spending and the […]

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Michael Cohen, Tony Podesta, and the Nauseating Corruption Enabled by Big Government

May 15, 2018

Michael Cohen, Tony Podesta, and the Nauseating Corruption Enabled by Big Government Corruption and big government have always gone hand-in-hand. Ordinary Americans have a low opinion of Washington, but they’re underestimating the extent of the problem. The nation’s capital is basically a playpen for special interests. It’s now the richest region of the country, with lobbyists, bureaucrats, contractors, […]

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Illinois Politicians Are Doubling Down on Failure

May 7, 2018

Illinois Politicians Are Doubling Down on Failure In the face of a fleeing population, politicians in Illinois are doubling down on the policies that are driving people away in the first place. When I did a poll earlier this year, asking which state would be the first to suffer a fiscal crisis, I wasn’t terribly surprised that Illinois […]

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When America’s Fiscal Crisis Hits, Be Forewarned that Tax Increases Will Make a Bad Situation Worse

March 1, 2018

When America’s Fiscal Crisis Hits, Be Forewarned that Tax Increases Will Make a Bad Situation Worse When America’s fiscal crisis hits, remember that raising taxes will only exacerbate the problem. At some point in the next 10 years, there will be a huge fight in the United States over fiscal policy. This battle is inevitable […]

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Can a Country Commit Suicide by Taxation?

December 19, 2017

Can a Country Commit Suicide by Taxation? Certainly, an economy can be seriously damaged by reckless taxation, but Greece seems determined to see if it can be outright destroyed by it, too. Greece has confirmed that a nation can spend itself into a fiscal crisis. And the Greek experience also has confirmed that bailouts exacerbate a fiscal […]

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Japan’s Demographic Time Bomb Keeps Ticking

March 9, 2017

Japan’s Demographic Time Bomb Keeps Ticking When I warn about the fiscal and economic consequences of America’s poorly designed entitlement programs (as well as the impact of demographic changes), I regularly suggest that the United States is on a path to become Greece. Because of Greece’s horrible economy, this link has obvious rhetorical appeal. But there’s another nation that may be […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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