Friday , October 18 2019
Home / Tag Archives: Country Problems

Tag Archives: Country Problems

Pittsburgh Tribune-Review: “Faulty Band-Aid”

In my June 18th, 2005, column for the Pittsburgh Tribune-Review, I simply share the deep wisdom of the late Peter Bauer, as well as that of William Easterly, regarding economic development and foreign “aid.” You can read the column beneath the fold. Faulty Band-Aid Hosannas are being sung to the rocker Bono and G-8 leaders in praise of the recently announced agreement to relieve developing countries — mostly African — of more than $40 billion in debt. The Christian Science Monitor calls...

Read More »

Some Links

My intrepid Mercatus Center colleague Veronique de Rugy tells the harsh truth about Social Security. A slice: It looks even worse in the long run. The Social Security Board of Trustees reports that over the next 75 years, the program will be underfunded by $13.9 trillion. To make Social Security solvent over this period would require an immediate and permanent payroll tax increase (today) of 2.78 percent of overall wages — which raises the average Social Security payroll tax bite by 25...

Read More »

Some Links

Citing the work of my Mercatus Center colleagues Adam Thierer and Andrea O’Sullivan, James Pethokoukis continues his valiant effort to expose the fallacies and dangers that lurk in today’s efforts by conservatives to have government censor on-line platforms. Here’s his concluding paragraph: The big question: Do we really want a group of political appointees getting more involved in regulating internet speech? As former FTC Commissioner Joushua Wright tweeted about a bill from Sen. Josh...

Read More »

Some Links

My intrepid Mercatus Center colleague Veronique de Rugy rightly laments the bipartisan abuse of government power. A slice: Republicans support the government preventing gays from marrying and Americans from using drugs, and the building of a border wall. Democrats want the government to prevent Americans from drinking sugary soda, from eating fatty foods, and from bargaining freely in competitive labor markets. Both parties support cronyism. The Democrats are especially eager to...

Read More »

Some Links

My intrepid Mercatus Center colleague Veronique de Rugy is rightly disgusted by Uncle Sam’s fiscal incontinence. George Will has some penetrating questions for Democrats seeking to become the next president of the United States. A slice: For all of you who have demonstrated the obligatory apoplexy (have any of you not done so?) about the U.S. women’s national soccer team being paid less than the men’s team: Is it pertinent that in 2018 the men’s World Cup in Russia generated $6 billion...

Read More »

Quotation of the Day…

… is from page 288 of Martin Wolf’s splendid 2004 book, Why Globalization Works: Foreign capital is inevitably unstable if it has no confidence in the protection of its property rights. DBx: Indisputably so. And confidence in the protection of property rights understandably falls the greater and louder is the talk of replacing the discipline of markets with the discretion of government officials. Comments

Read More »

Some Links

My intrepid Mercatus Center colleague Veronique de Rugy is sour on sugar-industry cronyism. Dan Mitchell writes sensibly about trade deficits. Jonah Goldberg reflects wisely on the acrimony prevalent in today’s American politics. See also this fine essay by Nick Gillespie. Pierre Lemieux muses about the inescapability – and implications – of scarcity. Steve Landsburg suspects that many people are irrationally inconsistent, at least when they are reckoning the prospects of tiny chances of...

Read More »

Some Links

John Cochrane describes what a true free-trade agreement would look like. My intrepid Mercatus Center colleague Veronique de Rugy clears away some of the confusion about trade deficits. A slice: Trump is misinformed when he claims that the U.S. trade deficit is a sign that everyone is taking advantage of us. The reality is much more exciting, as it signals that the country is an attractive destination for foreign investors looking to make a profit. To the president’s credit, his...

Read More »