by Dan Mitchell | Jul 29, 2021 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Joe Biden wants to dramatically expand the welfare state (more than $5 trillion of new spending over the next 10 years). In this discussion with Ross Kaminsky of KHOW in Denver, I warn that the President’s proposal for per-child handouts is an...
by Dan Mitchell | Jul 28, 2021 | Big Government, Blogs, Government Spending, Taxation
Back in 2019, I listed “Six Principles to Guide Policy on Government Spending.” If I was required to put it all in one sentence (sort of), here’s the most important thing to understand about fiscal policy. This does not mean, by the way, that we should...
by Dan Mitchell | Jul 27, 2021 | Big Government, Blogs
When writing about economic policy in Latin America, Chile gets lots of attention because it’s a remarkable story of success. Similarly, Venezuela gets lots of attention because it’s a remarkable story of failure (with Argentina also deserving...
by Dan Mitchell | Jul 26, 2021 | Blogs, Economics, Socialism
I like cross-country comparisons – such as North Korea vs South Korea and East Germany vs. West Germany – because they can be very informative when comparing the results of socialism vs. markets. One of the most dramatic examples is Cuba vs....
by Dan Mitchell | Jul 25, 2021 | Big Government, Blogs, Government Spending
Back in 2009, there was strong and passionate opposition to Bush’s corrupt TARP scheme and Obama’s fake stimulus boondoggle – both of which had price tags of less than $1 trillion. Today, Biden has already squandered $1.9 trillion on his...
