by Dan Mitchell | Sep 23, 2023 | Big Government, Blogs, Welfare and Entitlements
Many nations face a slow-motion fiscal crisis because of demographics. To be more specific, politicians last century created welfare states and social-insurance systems that take money from workers in order to provide pensions and health care to old...
by Dan Mitchell | Sep 22, 2023 | Big Government, Blogs, Welfare and Entitlements
I periodically explain that redistribution is bad for prosperity, mostly because it encourages sloth and dependency among recipients. Though it is important to realize that the taxes needed to fund redistribution also are harmful (the magnitude of the...
by Dan Mitchell | Sep 21, 2023 | Big Government, Blogs, Economics
Russia’s government has been appropriately criticized for invading Ukraine, but let’s focus today on Putin’s economic mismanagement. I’m motivated by this tweet from a professor at the University of Chicago. He points out that Russians were richer than...
by Dan Mitchell | Sep 20, 2023 | Blogs, Economics, Free Market
Since I’m a policy wonk with a keen interest in international and comparative economics, I write every year (2022, 2021, 2020, 2019, etc) about the annual release of Economic Freedom of the World, published by the Fraser Institute in...
by Dan Mitchell | Sep 19, 2023 | Big Government, Blogs
Chicago has long been infamous for graft and corruption, but it had a reputation for at least being functional. That’s not the case today. The city already is ranked in the bottom 10 for economic liberty and local politicians seem determined to pass NYC, LA,...
