by Dan Mitchell | Oct 3, 2021 | Big Government, Blogs, Free Market
Economists of all types agree with “convergence theory,” which is the notion that poor countries should grow faster than rich countries. Though they are usually wise enough to also say “ceteris parisbus,” which means the theory applies if other variables are...
by Dan Mitchell | Oct 2, 2021 | Big Government, Blogs
Unless my memory is more faulty than usual, I don’t think I’ve written a single favorable article about any of Joe Biden’s policies. Which isn’t a surprise considering his knee-jerk embrace of higher taxes and bigger government. But it’s now time to...
by Dan Mitchell | Oct 1, 2021 | Big Government, Blogs, Government Spending, Welfare and Entitlements
When asked to list the worst presidents of the 20th century, Woodrow Wilson, Franklin Roosevelt, and Richard Nixon belong on the list. But this Reason video with Amity Shlaes shows why Lyndon Johnson also is among the worst of the worst. You should...
by Dan Mitchell | Sep 30, 2021 | Big Government, Blogs, Regulations
Competent and honest people in the world of public policy understand that decisions have costs and benefits. Simply stated, there is no such thing as a free lunch, though politicians like to pretend otherwise (to cite an especially absurd example, the Biden...
by Dan Mitchell | Sep 29, 2021 | Big Government, Blogs, Economics, Europe, Government Spending
A couple of days ago, I shared the most-recent data about “actual individual consumption” in nations that are part of the Organization for Economic Cooperation and Development. My goal was to emphasize my oft-stated point about people in the United...
