Washington’s Millennial Betrayal

Candidates running for president should take the following warning seriously: Years of bad government policies catering to interest groups have created a generation of young people facing tremendous challenges in the labor market and little chance to experience the good old American dream. We can hope that someone will put this government-created generation of disinherited […]

 


The International Corporate Tax Grab

If Greece’s ongoing fiscal quagmire demonstrates anything, it’s that Europe’s largest welfare states live in denial. Even as the bills from decades of profligate spending came due, Greeks took to the streets, not to demand a new path but to insist on continuing the status quo. Even their European creditors, in calling for tax hikes […]

 

Growth and Fairness in a Clinton-Style Economy

During a recent economic address by Hillary Clinton to soft-launch her “growth and fairness economy” plan, she rightfully noted that we “need new ideas” to combat slow economic growth and the lack of opportunities for some Americans. But then she proceeded to offer outdated and failed policies that would guarantee the United States remains stuck […]

 

State-Based Accounting 101: Ranking Fiscal Condition

One of the most boring classes I took in college was on accounting. Over the years, however, I’ve come to understand the importance of proper and transparent accounting. As the disastrous examples of Greece, Puerto Rico, Detroit and Chicago demonstrate, dodging long-term obligations with rosy forecasts or risky assumptions usually ends badly. Faulty accounting can […]

 

Corporate Welfare and the Overseas Private Investment Corporation

Now that the Export-Import Bank’s charter has expired, it’s time to examine other programs that should follow in Ex-Im’s footsteps. The Overseas Private Investment Corporation (OPIC), a federal agency that subsidizes U.S.-owned overseas businesses with taxpayer-backed financing, is ripe for termination when its charter expires on September 30. Immediately focusing on a new target on […]

 

America’s Coming Transfer of Wealth

Does it seem as if some lawmakers have the attention span of a toddler? Several years ago, concerns about the debt and overspending were all the rage. These worries have dissipated almost entirely as deficit levels have gone down from their sky-high summit in 2009. And just like that, lawmakers have gone back to overlooking […]

 



Innovation vs. Intervention in Health Care

How can we produce better health for more people at a lower cost, year after year? By lifting all the rules and barriers that prevent health care innovators from bringing new lifesaving products to consumers and force doctors to beg bureaucrats and insurance administrators for permission to save lives. For years, free market types focused […]

 

Political, Not Operational, Concerns Engineering Amtrak’s Fate

After the recent Amtrak train crash in Philadelphia, some politicians and pundits used the terrible tragedy to perpetuate the misleading claim that the federal government’s passenger rail operation suffers from a lack of taxpayer assistance. This rush to judgment was unsurprising, given that misfortune is sometimes synonymous with opportunity in the eyes of the political […]

 

Political, Not Operational, Concerns Engineering Amtrak’s Fate

After the recent Amtrak train crash in Philadelphia, some politicians and pundits used the terrible tragedy to perpetuate the misleading claim that the federal government’s passenger rail operation suffers from a lack of taxpayer assistance. This rush to judgment was unsurprising, given that misfortune is sometimes synonymous with opportunity in the eyes of the political […]

 

The Tip of the Regulatory Iceberg

In 2014, the government issued 2,400 new regulations, including 27 major rules that may cost $80 billion or more annually. They range from forcing restaurants to list the number of calories in food — even though past experiments have revealed that such measures fail to change consumers’ behavior — to reducing consumer choices and increasing […]

 





Mr. Will Rogers Goes to Washington

The cowboy philosopher Will Rogers once said, “If you find yourself in a hole, stop digging.” Unfortunately, his advice is often ignored in Washington, where the answer to our national debt is more government spending and the policy prescription for a slow economy is to favor special interest groups. Take one of the latest trends, […]

 

‘Tis the Season

It’s tax season again, and all across the country, taxpayers and tax accountants are feeling the effects of filing a return or an extension so they don’t end up on the wrong side of the IRS, get audited or, worse, get put in prison. It’s never easy, but this year is even more painful than […]