Debt, Deficits, and the Donald

– November 15, 2020

“Fortunately, divided government will mean no Green New Deal, no federally mandated and funded paid leave, and no Court-packing. But it probably won’t mean less spending. In fact, Senate majority leader Mitch McConnell has already announced that we can expect another COVID-relief bill, one containing many of the Democrats’ favorite provisions, such as bailouts of the states.” ~ Veronique de Rugy


State and Local Governments Should Not Get a Bailout – either from Congress or the Federal Reserve

– November 13, 2020

“A Biden Administration likely will be able to give states and localities a bailout, even if Congress doesn’t approve a new ‘stimulus,’ and even if the Trump Administration doesn’t extend the Federal Reserve’s authority. But at least the incoming Biden people would have to jump through a few hoops.” ~ Daniel J. Mitchell


Two Types of Postal Banking

– October 24, 2020

“It is possible that these prepaid card providers aren’t competing very hard, and thus unbanked households face abnormally high fees. If so, the unbanked population could benefit by having the USPS enter the market. On the other hand, if the market for prepaid cards is already competitive, a USPS card may have problems gaining a foothold, in which case it may not even be worth the effort.” ~ J.P. Koning


America’s Fiscal Follies are Dangerously in the Red

– September 8, 2020

“History is filled with many examples of financial and economic disaster that has followed government fiscal recklessness. It can happen even here, in America.” ~ Richard M. Ebeling


How to Get Americans Off unemployment Amid the Virus (Video)

– July 18, 2020

“I was happy to discuss with Neil Cavuto the ridiculous amount of money the federal government has spent to combat the economic impact of the coronavirus and the long-term impact of this spending on employment and fiscal health.” ~Edward Peter Stringham

congress cracked

Sham Bailout Statistics Shroud Shutdown Tyranny

– July 16, 2020

“There is no reason to assume that Trump’s policies are better than his PPP data. Since the onset of the pandemic, both political parties and officials at all levels of government have often performed dismally. The biggest mistake Americans could make would be to permit politicians to absolve themselves now by giving away more of other people’s money.’ ~ James Bovard

capitol hill

Brace Yourself for Bipartisan Spending Insanity

– July 10, 2020

“Sadly, we live in this world. And in this world, members of Congress and the administration don’t care about the size of government, any more than they care about most of our other freedoms.” ~ Veronique de Rugy

Newton's cradle

The Adverse Economic Consequences of Higher Tax Rates

– June 30, 2020

“The political impact will be that “the rich” pay more. The economic impact will be less capital formation and entrepreneurship, and those are the changes that hurt the vast majority of us who aren’t rich.” ~ Daniel J. Mitchell

federal reserve building, chicago

The Reluctant Fed

– June 26, 2020

“Fed officials should follow the example set by Ben Bernanke. They should be ‘extremely reluctant’ to engage in facilities like the MSLP, SMCCF, and PMCCF. Such programs are ‘outside the range of [the Fed’s] responsibilities.’ They are fiscal policies that ‘are best resolved by Congress’ since they require ‘balancing political and social priorities.'” ~ Thomas L. Hogan

gears turning

The Three Best and Worst Ideas of the Crisis

– June 12, 2020

“I picked as my three best policies ones that target America’s most significant looming issues. (Some of these issues, unsurprisingly, were created by government interventions in the first place.) Good policies, of course, should allow for flexibility and innovation without bankrupting future generations.” ~ Veronique de Rugy

house, light, hands

Free Down Payments and Subsidized Mortgages are Not Social Justice

– June 11, 2020

“Despite 50 years of debacles, politicians are still glorified for pretending that free downpayments and subsidized mortgages are “magic beans” that multiply social justice in America.” ~ James Bovard


Let the Unemployment Benefits Expire

– June 10, 2020

“The bottom line is that everyone needs to take a deep breath and let the unemployment insurance expansions expire. People, sensible adults that they are, will then naturally return to their lives and jobs.” ~ Vernonique de Rugy