New Leak of Taxpayer Info Is (More) Evidence of IRS Corruption
“What’s especially disgusting is that the Biden Administration wants to reward IRS corruption with giant budget increases, bolstered by utterly fraudulent numbers. Needless to say, that would be a terrible idea, and sadly, Republicans in the past have been sympathetic to expanding the size of the tax bureaucracy.” ~ Daniel J. Mitchell
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Inflation Is a Dangerous Way to Get Rid of Debt Burdens
“The United States is in dangerous waters if it becomes ‘general wisdom’ and ‘popular opinion’ among public policy analysts and politicians that governments can spend all they want, in any amount, by just running huge annual budget deficits and expanding the national debt because it can all be made to go away through a magician’s trick of monetary expansion and currency debasement” ~ Richard M. Ebeling
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Supply-Side Neoliberalism Sure Beats the Alternative
“The near-phobic disdain for supply-side economics and neoliberalism this century is part of a new wave of anti-capitalist sentiment. We have seen this movie before. It is a horror film. The true friends of rationality, liberty, and prosperity should wake up, stand proudly, and contend boldly.” ~ Richard M. Salsman
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Pocket Monsters Meet Animal Spirits
“Lockdowns, boredom, and fiscal largesse sparked the incredible rise in Pokémon card values. But the Greater Fool Theory may already be at work.” ~ Peter C. Earle
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The War on Retirement
“The American version of the assassination of Archduke Ferdinand, the event that began the steady march toward oblivion, was the passage of the Social Security Act in 1935. The dominos have been falling ever since, and the last ones are about to tip over, intentions be damned.” ~ James R. Harrigan & Antony Davies
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Capitalization and Corporate Tax Cuts for the Rich
“When you recognize corporate tax hikers’ massive measurement distortion on top of their trifecta of false premises, it makes it hard to take tax hike promoters’ claims as anything more than intentional misrepresentations that, if heeded, would harm those whose votes they are using it to pander for.” ~ Gary M. Galles
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Are Tax Increases Popular?
“Voters seem to be on the right side on the big-picture question of ‘Should taxes be higher?’, but if they think tax increases are going to happen, it’s quite likely that they will support the most economically damaging types of class-warfare levies.” ~ Daniel J. Mitchell
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Assessing Potential for Higher Inflation
“Monetary policy is intentionally supporting fiscal policy and supporting levels of indebtedness from the Federal government that are unprecedented. The result has been an explosion of M2 that increases the risk of inflation. There is a fair chance that policymakers will succeed. But, for the possibility of success, they risk a monetary-fiscal crisis.” ~ James L. Caton
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What Happened to All Those Jobs?
“We have far fewer jobs than we expected to have and, at the current tepid recovery, a decade’s journey to return to the health we had just prior to Covid-19. This is, of course, bad enough. Sober reflection, though, should lead quickly to the conclusion that the ruling class in Washington will manage to do even more to harm the economy in the meantime. It’s what they do, after all.” ~ Antony Davies & James R. Harrigan
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The Buchanan Thesis
“Those of us who decry large and intrusive government should demand that government annually balance its budget. The tighter the constraint on government’s access to resources, the freer and more prosperous the people will be.” ~ Donald J. Boudreaux
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The New York Times Argues With Itself About Biden and Taxes
“Government spending by its very name is the politicized allocation of precious wealth first created in the private sector. In other words, government spending delays the mass production of yesterday’s luxuries and tomorrow’s must-haves by limiting investment. Page B1 in the April 29th New York Times shows us why this is true.” ~ John Tamny
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Biden’s Infrastructure Boondoggle
“The immediate lesson from all of this is that Biden’s plan is a boondoggle waiting to happen (just as would have been the case with Trump). The longer-term lesson is that we should get the federal government out of the business of infrastructure.” ~ Daniel J. Mitchell
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