Taxes and Spending

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The Immorality of Protectionism

Taxes and Spending


Protectionists are no better than any run-of-the-mill Progressive who wants more taxes on one group in order to subsidize some other group. There's no moral high ground here for the protectionists, just unfounded self-righteousness.

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As the US Treasury Runs Out of Creditors, Its Options Dwindle

The FedMonetary PolicyTaxes and SpendingU.S. History


With US government debt skyrocketing past $33 trillion and possible recession looming, the Treasury faces the prospect of running out of suckers. Finding buyers for US debt will become much more difficult.

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You're Paying for the Israel War. You'll Also Pay for the Refugees.

Taxes and SpendingWar and Foreign Policy


Resettling Gazans in America—at taxpayer expense—will be sold as a "humanitarian" effort, but anyone who sees through the propaganda will see that it's really all a cynical effort to please Israeli politicians.

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Individual Health Insurance Mandates Are Mandates, Not Taxes

Big GovernmentBureaucracy and RegulationProgressivismTaxes and Spending


When the Supreme Court ruled that Obamacare mandates really are taxes, it twisted logic into a pretzel. Forcing people to pay for health insurance is still a mandate.

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There's No Easy Way Out of This Debt Spiral

Money and BanksTaxes and Spending


The new problem we now face arises from the fact that huge deficits are only manageable so long as interest rates remain very, very low. 

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Don't Fall for Biden's Latest Talking Point

Big GovernmentTaxes and SpendingU.S. EconomyWar and Foreign Policy


President Biden claims that spending money to send weapons and ammunition around the world is good for the US economy.

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Federal Flood Insurance Drains Taxpayers

Bureaucracy and RegulationCronyism and CorporatismEconomic PolicyTaxes and Spending


Federal flood insurance was created ostensibly to provide insurance to people who live in flood-prone areas. Not surprisingly, it subsidizes bad home-building decisions and wastes billions of dollars.

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The Dollar See-Saws between Two Views on Fiscal Explosion

Big GovernmentEconomic PolicyTaxes and SpendingU.S. Economy


As the Biden administration ramps up new government spending—and budget deficits—to unheard-of peacetime levels, reality sets in. No economy and no currency can withstand this explosive assault for very long.

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Is There Inflation in Government-Financed Goods and Services?

Big GovernmentInflationSocialismTaxes and Spending


Governments are fond of accusing private firms of “greed” when prices increase during periods of inflation. However, they fail to tell the public that government services also face price increases.

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Dollarization in Argentina Will Not Promote Freedom

Central BanksDemocracyStrategyTaxes and SpendingWorld History


While the prospect of Javier Milei being elected president of Argentina is attractive, his plan to "dollarize" the Argentine economy will fall well short of hopes and expectations.

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