Publications

Cutting government spending is now more than simply in fashion. It's the law. But there are intelligent ways to fulfill this requirement, and ones that are decidedly less so. Logic dictates that it makes sense not to cut (or to cut only minimally) programs that provide a greater return than the original outlay of funds or that invest successfully in human capital.

Commenting on the gullibility of the credulous American consumer nearly a century ago, the famous showman PT Barnum is said to have remarked that "there's a sucker born every minute." To see what this looks like in practice, you need only look at the deal that the Obama administration was on the verge of signing with Iran.