by Dan Mitchell | Jul 31, 2021 | Blogs, Free Market
Economists widely agree with the theory of “convergence,” which is the (mostly true) idea that poor nations should grow faster than rich nations. This means that we can learn important lessons by looking at examples of “divergence,” and I...
by Dan Mitchell | Jul 30, 2021 | Big Government, Blogs, Government Spending
As a matter of sensible public policy (and well as fealty to the Constitution), the federal government should not be involved in transportation. But since I don’t expect the current crowd in Washington has any interest in getting rid of the Department...
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...
