Fiscal Policy
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$30 Trillion With Neither a Whimper or Bang
“On February 1st 2022 the US national debt surpassed $30 Trillion for the first time – just as the Fed is preparing a hiking campaign. Political decisions to trade the future for the present tempt further assaults upon the ever-declining soundness of the US dollar.” ~ Peter C. Earle
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The Year of the Strong Dollar
“The urgency to correct the country’s large public finances is likely to be heightened by a further widening in the trade deficit in 2022 as the consequence of a stronger dollar and the relative strength of the U.S. economy.” ~ Desmond Lachman
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Funding Obsolete Transportation
“Transit subsidies make no more sense than subsidies to manual typewriters, rotary telephones, or steam locomotives. Designing transportation systems based on how people actually travel can make those systems safe, environmentally sensitive, resilient, and efficient.” ~ Randal O’Toole
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Don’t Look Up: The Allegory We’ve Been Waiting For
“McKay’s dark satire about the inability to warn most people of impending danger before it’s too late should resonate with all who strive for sound money, fiscal sobriety, personal responsibility, and limited government.” ~ Peter C. Earle
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Stimulus & Wages, What Exactly Happened?
“Going forward, there should be less of a one-size-fits-all approach to such policy, as a more targeted bill would minimize waste of scarce resources, and curtail detrimental consequences, like inflation, to working-class Americans.” ~ Siddharth Gundapaneni
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The Federal Government’s Debt Ceiling Needs More Teeth
“If Congress perceives the debt ceiling as a credibly binding constraint, then the ceiling must be set one level above Congress. The U.S. Constitution should be amended to restrict the ability of Congress to incur more debt.” ~ Michael Makovi
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A Smarter Debt Limit Bill
“Senate Republicans are expected to indulge in yet another futile game of bluff poker over the symbolic debt limit. They always fold in the end because Congress has no choice but to pay for obligations it has already incurred.” ~ Alan Reynolds & Steve Stein
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Doubling Down on Foolishness
“Plans to continue down that path at a far more rapid rate, as the Biden administration proposes, are doubling down on foolishness, yet may well occur unless Americans recognize them for what they are.” ~ Gary M. Galles
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Getting Real About Taxes
“It is high time that the federal government recognizes the creepy tax effects of inflation and gets real about taxes. It should forget about taxing unrealized capital gains, compensate victims of its inflationary policies, and begin to inflation-index everything.” ~ Robert E. Wright
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Democrats’ Minimum Tax Proposal Won’t Force Amazon to Pay More In Taxes
“A domestic minimum tax is not good for America. Legislators should find it a plot in the ever-growing graveyard of bad Democratic tax proposals.” ~ Travis Nix
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•
$30 Trillion With Neither a Whimper or Bang
“On February 1st 2022 the US national debt surpassed $30 Trillion for the first time – just as the Fed is preparing a hiking campaign. Political decisions to trade the future for the present tempt further assaults upon the ever-declining soundness of the US dollar.” ~ Peter C. Earle
-
•
The Year of the Strong Dollar
“The urgency to correct the country’s large public finances is likely to be heightened by a further widening in the trade deficit in 2022 as the consequence of a stronger dollar and the relative strength of the U.S. economy.” ~ Desmond Lachman
-
•
Funding Obsolete Transportation
“Transit subsidies make no more sense than subsidies to manual typewriters, rotary telephones, or steam locomotives. Designing transportation systems based on how people actually travel can make those systems safe, environmentally sensitive, resilient, and efficient.” ~ Randal O’Toole
-
•
Don’t Look Up: The Allegory We’ve Been Waiting For
“McKay’s dark satire about the inability to warn most people of impending danger before it’s too late should resonate with all who strive for sound money, fiscal sobriety, personal responsibility, and limited government.” ~ Peter C. Earle
-
•
Stimulus & Wages, What Exactly Happened?
“Going forward, there should be less of a one-size-fits-all approach to such policy, as a more targeted bill would minimize waste of scarce resources, and curtail detrimental consequences, like inflation, to working-class Americans.” ~ Siddharth Gundapaneni
-
•
The Federal Government’s Debt Ceiling Needs More Teeth
“If Congress perceives the debt ceiling as a credibly binding constraint, then the ceiling must be set one level above Congress. The U.S. Constitution should be amended to restrict the ability of Congress to incur more debt.” ~ Michael Makovi
-
•
A Smarter Debt Limit Bill
“Senate Republicans are expected to indulge in yet another futile game of bluff poker over the symbolic debt limit. They always fold in the end because Congress has no choice but to pay for obligations it has already incurred.” ~ Alan Reynolds & Steve Stein
-
•
Doubling Down on Foolishness
“Plans to continue down that path at a far more rapid rate, as the Biden administration proposes, are doubling down on foolishness, yet may well occur unless Americans recognize them for what they are.” ~ Gary M. Galles
-
•
Getting Real About Taxes
“It is high time that the federal government recognizes the creepy tax effects of inflation and gets real about taxes. It should forget about taxing unrealized capital gains, compensate victims of its inflationary policies, and begin to inflation-index everything.” ~ Robert E. Wright
-
•
Democrats’ Minimum Tax Proposal Won’t Force Amazon to Pay More In Taxes
“A domestic minimum tax is not good for America. Legislators should find it a plot in the ever-growing graveyard of bad Democratic tax proposals.” ~ Travis Nix