Denial is leading to collective economic suicide in Europe and the United States. The French on Sunday elected a socialist president who wants to raise taxes on those elusive rich and keep spending as if there is no tomorrow. Many on the left, including European...

What would you think of a secretary of the Treasury who failed to do serious cost-benefit analysis about regulations that could cost millions of Americans their jobs and cause innocent people to be subject to political abuse or worse and yet have almost no benefit to...

The United States already has the highest corporate tax rate in the world, but the Obama administration is proposing to make the U.S. even less competitive internationally by reducing the corporate tax deferral on income made abroad. Most countries have a territorial...

Do you think it is more important to have a tax policy that raises the most revenue at the least cost in order to maximize job growth and economic opportunity or to have a tax policy like the Buffett rule, which falsely claims it would make all millionaires pay a...

Americans, now 236 years removed from the Declaration of Independence, have acquiesced to far more tax tyranny - and I do not use that word lightly - than the British tax tyranny that ignited our revolt. Modern-day apologists for the progressive income tax argue that...

The Supreme Court last week ruled against the Environmental Protection Agency (EPA) in a unanimous decision. The EPA had charged a couple with violating the Clean Water Act. It claimed their property was a “wetland” and said it would fine them up to $75,000 per day -...

This city is one of the oldest on earth, as humans lived here at least as early as the 12th century B.C. Now, it is rapidly becoming one of the most modern cities on the planet. Its setting at the eastern end of the Black Sea coast is spectacular, with orange groves...

Despite the encouraging U.S. jobs-report data last week, the fiscal situation in the United States and most of the rest of the world continues to deteriorate. The European Central Bank said the eurozone’s economy is likely to contract this year. Greece finally...

Most people intuitively understand that job creation requires capital investment, but many in the Obama administration and in Congress seem to have missed this basic fact of economic life. As the late Jack Kemp used to say, “How many truck drivers would you have if...

There is a growing consensus that the Federal Reserve is broken - because it is. The Fed was established to provide price stability and prevent periodic banking crises. It has accomplished neither. The wholesale price level in the United States was at almost the same...

Of those who are running for president, who has the best and worst tax plans? The worst plan is easy: President Obama’s. By way of disclosure, I was part of the small team that developed and helped market President George H. W. Bush’s economic platform back in 1988....

President Obama has just presented his new budget, which again ignores reality. It contains another trillion-dollar deficit, which assumes a large increase in revenue resulting from a tax-rate increase on “the wealthy” and corporations. He knows, and so does everyone...

Government corruption can take many forms. Last week, most of those forms could be seen in the actions of the Obama administration - everything from government officials taking simple bribes, to covering up wrongdoing, to using taxpayer money to pay off political...

President Obama keeps demanding that the rich pay more because “it is only fair.” In his State of Union address, he said millionaires should pay a minimum of 30 percent of their income in taxes. The 30 percent number seems to have come from divine inspiration rather...

Last week, ABC News ran a story that led with the statement, “Mitt Romney has millions of dollars of his personal wealth in investment funds set up in the Cayman Islands, a notorious Caribbean tax haven.” What the reporters failed to mention was that ABC, a unit of...

Cayman is rich, and Belize is poor. Why? Both are small Caribbean countries with the same climate and roughly the same mixed racial heritage, and both were English-speaking British colonies. Belize (the former British Honduras) received its independence in 1981, while...

Despite pledges to cut spending by the new Republican House majority, it appears spending during the current fiscal year, which ends on Sept. 30, will actually be greater than in fiscal 2011. The House Republicans were filled with good intentions, but they got...

On Dec. 28, the Financial Times announced, “China has again outshone the U.S. as the top venue for initial public offerings.” How is it that since 2008, a self-proclaimed communist country raises more capital and has more new firms going public than the great bastion...