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Thursday, April 30, 2020

State Bailout Coming

I have predicted a federal bailout of states for the past ten years. Ever since the European Union and the European Central Bank bailed out euro-zone countries in the aftermath of the Great Recession, I have persistently said that it is only a matter of time before the same happens here.

Tuesday, April 28, 2020

CARES Act and Sub-Zero Interest, Part 2

One of the strong points of the U.S. economy in comparison with Europe has been that we have had higher GDP growth and sounder monetary policy. That is about to change.

Monday, April 27, 2020

How Wyoming Plans to Spend CARES Act Money

As Wyoming receives its CARES Act money, our politicians are already hard at work doling it out. To politicians. Here is how.

Friday, April 24, 2020

Sweden: Medicaid for All Meets Covid-19

Sweden is a bad example of how a country should respond to a public emergency, but the lockdown has nothing to do with it.

Thursday, April 23, 2020

Pass On CARES Act Money to Taxpayers!

It looks like the CARES Act is going to be a mountainous replenishment of state government coffers. That would be disastrous, both for the U.S. economy in general and for Wyoming in particular. There is a far better alternative.

Wednesday, April 22, 2020

Emergency Powers and the Greater Good

Are you willing to sacrifice your rights and liberties for the greater good? Who do you trust with defining that "greater good"? Barack Obama? Donald Trump?

Monday, April 20, 2020

CARES Act and Sub-Zero Interest, Part 1

The fallout from the coronavirus epidemic is going to be felt for a long time, and in places where we least expect it. Like negative interest rates, for example.

Sunday, April 19, 2020

Three Problems with the Pro-Lockdown Paper

A professor at the University of Wyoming suggests that it would cost the U.S. economy $5 trillion to relax the coronavirus epidemic restrictions. Here is what she does not tell you about her paper.

Friday, April 17, 2020

Covid-19: Learning the Health Policy Lessons

There is emerging evidence that all-government run health care systems make a country more vulnerable to epidemic outbreaks like the current one. 

Tuesday, April 14, 2020

School Choice as Proactive Spending Reform

There will be a big bill for us all to pay for the restrictions put in place on our economy during this crisis. Our state legislators need to get started now on reforms that can keep their finances in good order. School choice is one place to start.

Monday, April 13, 2020

Friday, April 10, 2020

Preparing States for Fiscal Panic

We have a big structural-deficit problem in the federal budget. The coronavirus stimulus has not changed that for the better. There is a bill to be paid here, and without the right measures in place, it won't be a pretty experience.

Wednesday, April 8, 2020

Policy Lessons from the Coronavirus Epidemic

Do not let the lockdown debate be your policy take-away from the coronavirus epidemic. The real lesson here is about what health care system we want: the Swedish socialized model or one based on market principles?

Tuesday, April 7, 2020

How the Welfare State Destroys America

Socialism is economic redistribution. Economic redistribution is the welfare state. The welfare state destroys America. Therefore, socialism destroys America.

Friday, April 3, 2020

How to Turn Corona Stimulus into Good Reform

We have a lot to learn from the coronavirus crisis. Let's turn those lessons into good, productive policy reforms, and avoid permanent expansion of government.

Wednesday, April 1, 2020

Forecasting under Uncertainty

The old phrase that there are lies, damn lies and statistics, was originally coined as a reminder to users of quantitative information to learn to actually disseminate numbers before throwing them around.