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Cato on Pro-McCain George Will Column

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Cato’s Twitter feed praises the “brilliant column from George F. Will today”. Brilliant? Was this brilliant–? “Bubbles will always be with us, because irrational exuberance always will be.” Oh, I see now why it’s brilliant–it mentions Cato by name, enlisting it in support of McCain:

William Niskanen, chairman of the libertarian Cato Institute, notes that in the past 50 years, “government spending has increased an average of only 1.73 percent annually during periods of divided government. This number more than triples, to 5.26 percent, for periods of unified government.”

I.e., electing McCain is the fiscally responsible thing to do. I’m sure glad we had divided government under W. It really kept government spending increases restrained!

Stephan Kinsella is an attorney in Houston, director of the Center for the Study of Innovative Freedom, and editor of Libertarian Papers.

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
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