by Dan Mitchell | Dec 10, 2022 | Big Government, Blogs
Back during the TARP bailout of Wall Street, a clever person created a satirical bailout application form. It was amusing, of course, but also made a serious point about “moral hazard,” which is what happens when government policy rewards bad behavior. I’m...
by Dan Mitchell | Dec 9, 2022 | Big Government, Blogs, Economics, Free Market
As illustrated by the “anti-convergence club,” there is a very strong relationship between economic liberty and national prosperity. Simply stated, people enjoy much higher levels of income in nations where there’s more free enterprise and less...
by Dan Mitchell | Dec 8, 2022 | Big Government, Blogs, Education, Regulations, Taxation
Because politicians have built-in incentives to expand the size and scope of government, it is very rare to find elected officials who actually deliver more liberty. Some of them will offer rhetoric, of course, but very few of them produce results....
by Dan Mitchell | Dec 7, 2022 | Big Government, Blogs, Welfare and Entitlements
I’ve previously explained the difference between entitlement spending and discretionary spending. I have also explained that entitlements are the main reason the United States faces a very grim fiscal future. And...
by Dan Mitchell | Dec 6, 2022 | Big Government, Blogs, Bureaucracy
Federal bureaucrats are overpaid compared to workers in the productive sector of the economy. State and local bureaucrats also are overpaid compared to people in the private sector, though usually the gap is not quite as large. But “usually” does...
