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  • May 26, 2015
    Blog
    Balanced Budget Requirements Don’t Work as Well as Spending Limits
    … budget requirement. Yet those rules don’t prevent states like California, Illinois, Connecticut, and New York from adopting bad fiscal policy. Favorable evidence for the alternative approach of spending restraint — While balanced budget rules don’t seem to work very …
    By Daniel J. Mitchell
  • May 25, 2015
    BDlive
    African Dawn Needs the Rule of Law
    One of Africa’s key problems remains the weakness of African institutions, which are, in turn, a necessary prerequisite for robust long-term growth.
    By Marian L. Tupy
  • May 25, 2015
    Blog
    Meditations on Memorial Day
    On Memorial Day we should mourn those who gave their lives in war, and we should resolve not to risk American lives in the future except when our vital national interests are at stake.
    By David Boaz
  • May 24, 2015
    Blog
    Four Lessons to Ponder Before Going to War
    … trailer, what’s the lesson that we should take from Iraq, and particularly as it comes to future U.S. policy? WILL: Four lessons, I think. First, the government has to choose always on the basis of imperfect information. I …
    By David Boaz
  • May 23, 2015
    Blog
    Is the Fed on Track?
    That’s more‐​or‐​less the question that Bankrate​.com asked Dean Baker, co‐​founder of the Center for Economic and Policy Research, and me after last month’s FOMC press release. Dean said yep. I said…uh, not really …
    By George Selgin
  • May 22, 2015
    Blog
    Jeb Bush Almost Criticizes His Spendthrift Brother, Again
    … as Florida governor]—his real record is much more like his brother’s. According to the Cato Institute’s Fiscal Policy Report Card on America’s Governors (pdf), he presided over “explosive growth in state spending.” Indeed, in the latest …
    By David Boaz
  • May 22, 2015
    Business Standard
    Britain’s ‘Susterity’ Election
    … contrary to the academic and media Jeremiahs, there was an improvement in the output gap. Three conclusions follow about macroeconomic policy. First, Keynesian counter-cyclical policies do not work, justifying the conventional policy prescriptions accepted till the Great Recession. Fiscal …
    By Deepak Lal
  • May 22, 2015
    Blog
    The Folly of Ex-Im, Export Promotion Agencies, and Export Promotion in General
    … shareholders of the companies enjoying the subsidized marketing or matchmaking? There is no national ownership of private export revenues. If policymakers seek a more appropriate target for economic policy, it should be to attract and retain direct investment, which is …
    By Daniel J. Ikenson
  • May 22, 2015
    National Interest (Online)
    The Glaring (Ir)Relevance of Ramadi
    Ramadi does not spell victory for ISIS anymore than Iraq’s retaking of Tikrit from the insurgents spelled defeat for ISIS.
    By A. Trevor Thrall, Erik Goepner, and Maxwell Pappas
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