by Dan Mitchell | Feb 28, 2024 | Big Government, Blogs, Government Spending, Taxation, Uncategorized
As clearly shown by the Congressional Budget Office, America’s long-run fiscal challenge is an ever-growing burden of federal spending. Particularly entitlement programs. Moreover, because the tax burden is projected to gradually increase...
by Dan Mitchell | Feb 27, 2024 | Blogs, Education
In the arena of public policy, who are the worst hypocrites? Politicians who push for higher taxes while using clever tactics to protect their own money? Preening celebrities who lecture us peasants about climate while they use private...
by Dan Mitchell | Feb 26, 2024 | Blogs, Economics
I’ve referred to “creative destruction” as the “best and worst part of capitalism.” This short video from the Fraser Institute is a good tutorial on the topic. The core message is that entrepreneurs improve our lives by coming up with new ideas, new technologies, and...
by Dan Mitchell | Feb 25, 2024 | Blogs, Economics
When writing about rent control in the past, I’ve used words like “horrid” and “lunacy.” And let’s not forget “folly.” The policy is (as I wrote in 2019) the “triumph of vote counting over sound economics.” This short video provides a good summary. By the way, the...
by Dan Mitchell | Feb 24, 2024 | Big Government, Blogs, Economics, Free Market, Regulations
I periodically share Mark Perry’s famous “Chart of the Century” to show that government intervention is a recipe for rising relative prices.* Since economic principles don’t change when you cross national borders, one might expect to see...
