by Dan Mitchell | May 1, 2020 | Bailouts, Big Government, Blogs, States
A Supreme Court Justice pointed out in 1932 that “a state may, if its citizens choose, serve as a laboratory; and try novel social and economic experiments without risk to the rest of the country.” Well, we’ve had several experiments in higher taxes and higher...
by Dan Mitchell | Apr 29, 2020 | Bailouts, Big Government, Blogs
Since government officials have imposed severe restrictions on economic activity, I’m sympathetic to the notion that businesses should be compensated. But, as I warn in this CNBC interview, I have major concerns about big government and big business getting in bed...
by Dan Mitchell | Apr 28, 2020 | Big Government, Blogs, Economics
Like many supporters of individual liberty, I’m an anti-majoritarian. I don’t want my freedom to be at the mercy of 51 percent of the population. For all intents and purposes, I want the Supreme Court to protect the country from democracy. So, based solely on the...
by Dan Mitchell | Apr 27, 2020 | Big Government, Blogs, Government Spending
A couple of weeks ago, I debunked a remarkably anti-empirical column by Dana Milbank of the Washington Post. He claimed that America’s response to the coronavirus was hampered because government is too small, yet the nations he cited as successful role models actually...
by Dan Mitchell | Apr 25, 2020 | Blogs
At the risk of understatement, I’m not a fan of the International Monetary Fund (IMF). The international bureaucracy is the “Johnny Appleseed” of moral hazard, using bailouts to reward profligate governments and imprudent lenders. The IMF also is infamous for...
