Formal rules are the last hope to curb government debt, affirms Bruce Gilley in Law & Liberty. Drawing on global examples, Gilley outlines deficit-limiting fiscal rules, regulatory “sunset” clauses, the reconfiguration of entitlements like public pensions, and third-party reporting of government financial figures. He argues the United States is far behind other prosperous countries in confronting this challenge. Canada, take note.
Yay Brexit!
Brendan O’Neill in Spiked enthuses that Brexit is superior to just about anything else in the world. “There should be street parties” on the 10th anniversary of the popular vote to withdraw from the EU, he writes. “Let the bells peal for that momentous day when in our millions we said No to globalism.” The continuing surfeit of saboteurs and naysayers among Britain’s “idiot elites”, O’Neill snorts, are gripped by Brexit Derangement Syndrome.
