by Dan Mitchell | May 18, 2017 | Big Government, Blogs
Nations usually don’t suffer overnight economic collapse. Indeed, Adam Smith was right about the ability of a country to survive and withstand lots of bad public policy. But at some point, as a nation gravitates in the wrong direction on the statism spectrum, it goes...
by Dan Mitchell | May 17, 2017 | Blogs, Economics, Laffer Curve, Taxation
As far as I’m concerned, no sentient human being could look at what happened in the United States in the 1980s and not agree that high tax rates on upper-income taxpayers are foolish and self-destructive. Not only did the economy grow faster after Reagan lowered...
by Dan Mitchell | May 16, 2017 | Big Government, Blogs, Bureaucracy
I wrote just yesterday that it’s tough to be a libertarian because “public choice” means never-ending pressure for bigger government. But the good part of working in public policy as a libertarian is that I never lack for topics. Simply stated, governments do so many...
by Dan Mitchell | May 15, 2017 | Big Government, Blogs, Government Spending
It’s not that much fun to be a libertarian, at least if you work in public policy. You spend your days hoping that “Public Choice” can be overcome, which means you’re laboring to fulfill Sisyphean tasks. Trying to convince politicians and bureaucrats to voluntary give...
by Dan Mitchell | May 14, 2017 | Blogs, Economics, Free Market
There’s an election next month in the United Kingdom, though there’s not much political suspense. The Labour Party is led by Jeremy Corbyn, a crazed Bernie Sanders-style leftist, and British voters have no desire to become an Anglo-Saxon version of Venezuela. Or,...
