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Thursday, September 26, 2019

Full Size Government, Part 2

Total government spending is not only $7 trillion, in raw numbers, but it is also dominated by entitlement outlays. But wait - there is more...

Full Size Government, Part 1

Using some not-often reviewed sets of data from the Bureau of Economic Analysis, this article presents a "naked" view of government spending and revenue. If you are a libertarian, it is not a pretty picture.

Wednesday, September 25, 2019

Government Is Not Cheap

Conventional wisdom says that just because a state has no income tax, its government doesn't cost much money. It is time to dispel that myth. This article, republished from another blog of mine, shows that Wyoming, which has no personal or corporate income tax, has the second costliest government of all states.

Monday, September 23, 2019

Depression Economics, Part 2

Should government intervene in an economic crisis? Yes. Do we dare to take the risk to let it intervene? No. So what do we do?

Sunday, September 22, 2019

Depression Economics, Part 1

Capitalism is the best economic system we have, but it is not perfect. When it fails, what do we do?

Friday, September 20, 2019

Tuesday, September 17, 2019

Yang's UBI Scheme: The Start of Libertarian Reform?

One of the Democrats running for president is using his campaign to showcase what universal basic income looks like. This is of course a way to get attention, but it also opens up for a serious conversation. With some tweaks, his experiment could actually make the case for a libertarian alternative to the welfare state.

Friday, September 13, 2019

Zero Interest, QE and Hyperinflation

Will President Trump convince the Federal Reserve to "go zero"? Hopefully not. Europe has already shown us what happens if we do.

Wednesday, September 11, 2019

Withering Prosperity, Part 3

What would it cost our country if today's interest rates returned to where they were the last time we had this strong an economy? Sit down before you read on.

Saturday, September 7, 2019

The New Totalitarian State

The Trump administration is considering a draconian citizen monitoring program that brings us straight into 1984. Now merge this surveillance state with the welfare state, and you have the recipe for a new, totalitarian government.

Friday, September 6, 2019

Thursday, September 5, 2019

The Nothing to Hide Clause in the Constitution

The welfare state is about to merge with the surveillance state. If you have nothing to hide, you have nothing to worry about. Or, do you? 

Monday, September 2, 2019

Argentina's Austerity Crisis: Another U.S. Red Flag

With the federal government borrowing 24 cents of every dollar it spends, Congress is pushing us toward a debt crisis. Others have had that experience, but for some reason we refuse to learn. I, on the other hand, refuse to stop sharing the experiences of those countries. Like Argentina.