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No More Bipartisan Bailouts by Michael D. Tanner
CATO Daily Commentary Feb 1, 2012 5:00:00 AM

One of the few lines in President Obama?s State of the Union address that actually received bipartisan applause was his vow of ?no bailouts, no handouts, and no cop outs.? Of course the president then went on to claim credit for his...

Fearmongering Won't Make Us Healthier by Patrick Basham, John Luik ...
CATO Daily Commentary Jan 31, 2012 5:00:00 AM

A poster warning New York subway riders to avoid consuming too much sugary soda ? by picturing a diabetic amputee ? gained notoriety last week because, it turned out, the man pictured wasn't an amputee at all. He'd been...

A Flat Tax Is the Answer by Daniel J. Mitchell
CATO Daily Commentary Jan 31, 2012 5:00:00 AM

The class-warfare crowd is predictably outraged that Mitt Romney supposedly paid just 13.9 percent of his income to the crowd in Washington. Surely this is a sign of both inequity and iniquity. Meanwhile, previewing a theme for the...

Gingrich's Grandiose Claims about Authoring the Supply-Side...
CATO Daily Commentary Jan 31, 2012 5:00:00 AM

Whenever Newt Gingrich has been asked to explain why he is supposedly more "conservative" than other Republican presidential candidates, he has repeatedly replied that he "helped Ronald Reagan and Jack Kemp develop supply-side...

Blame the U.S. for the Housing Bubble, Not China by David Boaz ...
CATO Daily Commentary Jan 30, 2012 5:00:00 AM

In his New York Times Magazine column, Adam Davidson cited David Boaz of the Cato Institute as an economist who believes that easy money from China exacerbated the housing bubble in the U.S. In fact, Boaz places the blame much closer...

Should the U.S. Take a Harder Stance on China's Currency? by Steve...
CATO Daily Commentary Jan 30, 2012 5:00:00 AM

The United States has a long history of waging currency wars in Asia. We all know the sad case of Japan. The U.S. claimed that unfair Japanese trading practices were behind the ballooning U.S. bilateral trade deficit. To correct...

Gingrich Grandiosity And Supply-Side Economics by Alan Reynolds ...
CATO Daily Commentary Jan 30, 2012 5:00:00 AM

A Washington Post headline proclaims, "Supply-siders find an ally in Gingrich." Art Laffer endorsed Newt last month, but that is not news. What accounts for the plural in "supply-siders" is one of Gingrich's policy advisor (a...

Iran Well Prepared for the Worst by David Isenberg
CATO Daily Commentary Jan 30, 2012 5:00:00 AM

Most discussions of possible United States military operations in the Persian Gulf, should Iran try to prevent maritime traffic from going through the Strait of Hormuz, generally say that while it would not be a cakewalk, it would...

Addicted to Collecting: From Malcolm Forbes to Me by Doug Bandow ...
CATO Daily Commentary Jan 30, 2012 5:00:00 AM

Last week Sotheby's auctioned off 13 French military paintings from the once legendary Forbes collection. It represents the end of an era. Malcolm Forbes lived large with his eponymous Forbes magazine, adventurous motorcycle...

Obama's Odd Sense of Fairness by Richard W. Rahn
CATO Daily Commentary Jan 30, 2012 5:00:00 AM

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...

Hassling the Innocent Is TSA's Specialty by Gene Healy ...
CATO Daily Commentary Jan 29, 2012 5:00:00 AM

"Rand Paul has got to be on the 'Top 10 People TSA Would Be Smart to Leave Alone' list," National Review's Jonah Goldberg tweeted when news broke of the senator's run-in with the Transportation Security Administration at Nashville...

$189,000 by Michael D. Tanner
CATO Daily Commentary Jan 28, 2012 5:00:00 AM

The president devoted just 189 words to the deficit and our growing national debt, but the fact is that once again this year we will borrow 32 cents out of every dollar we spend. Overall, our national debt now tops $15.2 trillion...