Relevant and even prescient commentary on news, politics and the economy.

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Krugman and Wells on Health Care

…less perverse drug bill, it’s not clear that they are ready to embrace a single-payer system. Even liberal economists and scholars at progressive think tanks tend to shy away from…

Trade and Growth

…and will raise the quality of life for many more people than it harms. But if a country only liberalizes trade without getting the rest of its house in order,…

What Do Public Employee Unions Want?

…that we will bestow upon our children and grandchildren if we continue to have current taxes set below government spending. But when they bash the “Liberal public employee unions”, they…

Ireland’s Corporate Taxation

…versus 39.3% in the US), the difference in effective tax rates is much smaller. The reason is that the US has very liberal depreciation schedules, which significantly reduces the taxes…

Social Security: Two Wise Men on Meet the Press

…a predictable hour of liberal sermonizing. It’s a scandal that America won’t raise taxes. No Tim – it’s a scandal that the writers at the National Review refuse to admit…

The Optimal Gasoline Tax

…rents. I guess some liberal politicians might suggest that they have overestimated the impact on prices by assuming a perfectly elastic supply response. But let’s be clear – increases in…