Archive for the ‘InternationalLiberty’ Category

Comments Off on Young People and the Socialist Delusion

INTERNATIONAL LIBERTY – In 2016, I posed a rhetorical question about whether young people are so stupid that they shouldn’t be allowed to vote. After all, many of them thought Bernie Sanders would make a good president (of America, not Greece or Venezuela). Well, maybe we really should increase the voting age. It seems 2016 […]

Comments Off on Socialism: A Dreary Failure, Malignantly Evil, or Both?

INTERNATIONAL LIBERTY – When trying to convince someone about the downsides of socialism, I generally make a practical argument. I point out that socialism has universally failed, whether looking at totalitarian versions in places such as North Korea and Cuba or democratic versions in places such as Venezuela and Greece. Simply stated, the particular strain […]

Comments Off on A Deceptive and Inaccurate Call for Higher Taxes

INTERNATIONAL LIBERTY – Five former Democratic appointees to the Council of Economic Advisers have a column in today’s Washington Post asserting that we should not blame entitlements for America’s future fiscal problems. The good news is that they at least recognize that there’s a future problem. The bad news is that their analysis is sloppy, […]

Comments Off on Good News on Unemployment, but So-So News on Jobs and Dependency

INTERNATIONAL LIBERTY – There is a lot of good news about the job market in America. The official unemployment rate, released just yesterday, is down to 4.1 percent, which is the lowest its been since the end of the Clinton years. Even more impressive, the number of people getting unemployment benefits (i.e., getting paid not […]

Comments Off on Is Alexander Hamilton the Real Libertarian Hero, not Thomas Jefferson?

INTERNATIONAL LIBERTY – Like many libertarians, I’ve always assumed that Thomas Jefferson was one of the best Founding Fathers. He certainly was an advocate of liberty and I’ve cited him several times (see here, here, here, here, here, and here) over the years. But maybe being quotable is not enough.

Comments Off on Trump’s Failing Grade on Trade Threatens His Overall GPA on Economic Policy

INTERNATIONAL LIBERTY – I explained last month that the World Trade Organization’s dispute-resolution mechanism is the best way of discouraging China from short-sighted mercantilist and cronyist trade policies. The Trump Administration, though, thinks that the best response to bad Chinese trade policy is to adopt bad American trade policy. In this interview, I fret that […]

Comments Off on Three Great Moments in Regulation

INTERNATIONAL LIBERTY – As a policy wonk, I mostly care about the overall impact of government on prosperity. So when I think about the effect of red tape, I’m drawn to big-pictures assessments of the regulatory burden. Here are a few relevant numbers that get my juices flowing. Americans spend 8.8 billion hours every year filling out […]

Comments Off on Economic Policy Matters: The Example of Botswana vs. South Africa vs. Zimbabwe

INTERNATIONAL LIBERTY – What’s the best argument against statism? As a libertarian, my answer is that freedom is preferable to coercion. Freedom also ranks higher than prosperity. For instance, the government might be able to boost economic output by requiring people to work seven days a week, but such a policy would be odious and […]

Comments Off on Administrative Law Is the Real “Deep State”

INTERNATIONAL LIBERTY – I’m not a fan of conspiracy theories. When people ask me whether there is some sinister, behind-the-scenes cabal running Washington, I tell them that petty corruption, self interest, and “public choice” are much better explanations for the nonsensical policies being imposed on the country. So you won’t be surprised that rhetoric about […]

Comments Off on Reforms to Sweden’s Retirement System and Lessons for the United States

INTERNATIONAL LIBERTY – Given Social Security’s enormous long-run financial problems, the program eventually will need reform. But what should be done? Some folks on the left, such as Barack Obama and Hillary Clinton, support huge tax increases to prop up the program. Such an approach would have a very negative impact on the economy and, […]