When all you have is a hammer, everything does indeed look like a nail. This is the best way to describe government officials’ unoriginal and often destructive thinking. No matter the problem du jour, the answer is always more government spending. But more spending requires more tax revenue, which is
Read MoreWhen all you have is a hammer, everything does indeed look like a nail. This is the best way to describe government officials’ unoriginal and often destructive thinking. No matter the problem
The tragic events of the past week highlight the wisdom in maintaining a fiscally sound house, rather than a highly indebted government, before emergencies strike. Russia’s barbaric invasion of Ukraine and the
Milton Friedman used to quip that, in Washington, if a government program is working, Congress says we need to spend more money on it. And if a government program is failing, Congress