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Tag Archives: Budget Issues

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In this podcast, Alberto Mingardi talks with the Wall Street Journal‘s Mary Kissel about the unfortunate rise of populism. My intrepid Mercatus Center colleague Veronique de Rugy correctly argues that the GOP is no advocate of small and limited government.  A slice: Led by a president who doesn’t appear to understand basic economics and who insists that the long-term drivers of America’s unsustainable national debt—Social Security and Medicare—can’t be touched, the mainstream GOP has...

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In this podcast, Alberto Mingardi talks with the Wall Street Journal‘s Mary Kissel about the unfortunate rise of populism. My intrepid Mercatus Center colleague Veronique de Rugy correctly argues that the GOP is no advocate of small and limited government.  A slice: Led by a president who doesn’t appear to understand basic economics and who insists that the long-term drivers of America’s unsustainable national debt—Social Security and Medicare—can’t be touched, the mainstream GOP has...

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George Will hears the ever-louder whirring of a debt spiral.  Here’s his conclusion: Hillsdale College’s Gary Wolfram notes that total discretionary spending — including defense — for fiscal 2019 is projected to be $1.362 trillion, which is just $381 billion more than the projected deficit. All this means trouble, unless Mr. Art of the Deal can negotiate with arithmetic, persuading it to amend its rules so that trillion-dollar deficits will not mean trillion-dollar increases in the...

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Incessantly Repeating ‘The Earth Is Flat’ Doesn’t Make the Earth Flat

Here’s a letter to National Review‘s ‘The Corner’: Reihan Salam is right both to bemoan Uncle Sam’s fiscal profligacy and to counsel trade hawks to change their feathers into those of deficit hawks (“A Trump Trade and Economic Doctrine,” April 18). But the strength of his argument is compromised by flaws in his assessment of trade deficits and surpluses. Salam’s flaws are rooted in his acceptance of the administration’s presumption that so-called trade “imbalances” are a problem that can...

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Sheldon Richman laments the deficit in too many people’s understanding of trade.  A slice: Let’s approach this from another direction. Whenever I buy from them [tobacconists and other merchants], I transfer money to which I hold proper title. It wasn’t a gift, so that means I’d previously provided services to somebody. The tobacconist doesn’t buy my services, but someone else does. Meanwhile, the tobacconist spends the money I give him to buy other people’s products and services. This...

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Letter to the New York Times on a Proposal to Reinstate the Temporary Enslavement of Young Americans

In this letter, published on New Year’s Day 2003 in the New York Times, I took issue with Charles Rangel’s proposal to reinstate military conscription: To the Editor: Representative Charles B. Rangel is right to want the cost of American military action to be shared by all Americans (”Bring Back the Draft,” Op-Ed, Dec. 31). He is wrong, however, to suppose that conscription is a means to this noble end. The only effective way to share the cost equitably is to pay military personnel those...

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My intrepid Mercatus Center colleague Veronique de Rugy pulls back the curtain on some of the ugly realities of Trump’s fetish for punitively taxing Americans who buy imports. Shikha Dalmia worries about the geopolitical risks raised by Trump’s fetish for punitively taxing Americans who buy imports. John Tamny explains that the current furor over China’s alleged theft of Americans’ intellectual property is much ado about nuthin’. Bob Higgs writes about the appeal to (too) many people of...

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My Mercatus Center colleague Dan Griswold has some questions for U.S. Trade Representative Robert Lighthizer. American firms that stand to lose from Trump’s punitive taxes on Americans who buy steel and aluminum oppose those taxes. My intrepid Mercatus Center colleague Veronique de Rugy explores swamp spending 101. Also on out-of-control U.S.-government spending are Antony Davies and James Harrigan. James Pethokoukis reports that the Congressional Budget Office reports that American...

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My intrepid Mercatus Center colleague Veronique de Rugy is unhappy – justifiably so – with Ramesh Ponnuru’s case for paid family leave.  See also Veronique’s latter in today’s print edition of the Wall Street Journal. Check out – by listening to – the Why Minutes. Jason Brennan (with help from Phil Magness) explains why Nancy MacLean deserves our contempt.  A slice: If anything, Magness goes easy on MacLean. He doesn’t mention here how she has lied about our motivations in critiquing...

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The brilliant Sheldon Richman adds his voice to those who oppose Trump’s punitive taxes on Americans who buy the likes of steel, aluminum, washing machines, and solar panels.  A slice: Individuals, not nations, trade. Remind yourself of this truism and many fallacies melt away. I have no conflict of interest with Chinese or Canadian steelmakers or other foreign producers. On the contrary, we have a harmony of interests. Mona Charen is wholly unimpressed with Trump’s ignorance about trade...

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