As I noted a few days ago, Paulson’s bailout was the worst possible way to do a bad thing. To the extent that the government had to inject money into the financial system, I explained, it would have been far better to use the “FDIC Resolution”…
Dan Mitchell
Daniel J. Mitchell is the President of the Center for Freedom and Prosperity and the Center for Freedom and Prosperity Foundation. Dr. Mitchell advocates limited government and fundamental tax reform, and is the nation’s leading opponent of tax harmonization schemes developed by the Brussels-based European Union, the Paris-based Organization for Economic Cooperation and Development (OECD), and the United Nations.
In addition to fiscal policy, Dr. Mitchell is a trenchant observer of economic developments and an expert on Social Security reform – particularly the fiscal policy impact of reform and what the US can learn from other nations that have created personal retirement accounts.
Bureaucrats vs. Taxpayers, Part V.
This may not be as dumbfounding as being told not to advertise for reliable people in England, but I certainly was shocked to see that nearly one-in-five federal bureaucrats is paid more than $100,000 – and that doesn’t even include overtime and bonuses!…
Republicans Are Hypocritical, but Correct.
Steve Chapman skewers Republicans for being the party of big government when they were in power, but also notes that they are right to criticize Obama’s reckless fiscal policies. Chapman hopes that the GOP will actually propose to shrink the burden of…
Bureaucrats vs. Taxpayers, Part IV.
This Bloomberg article reinforces the theme that bureaucrats have plush sinecures while workers in the productive sector of the economy are facing difficult times. But the most shocking number is that state and local governments have underfunded pensions for…
Is This One of the Federal Government Responsibilities Listed in the Constitution?
Maybe I have an outdated copy, but I don’t see college football listed in the enumerated powers of the Congress. And it doesn’t seem to be mentioned in any of the amendments. Yet the busybodies in Washington now want to exert their control over how the…
Bureaucrats vs. Taxpayers, Part III:
If you work for the government and you want to feel good about living on Easy Street, check out this link from the Goldwater Institute. But if you’re a taxpayer and don’t want to deal with high blood pressure, you might want to avoid even this small…
There Is some Budget Good News, but It Is Really Bad News.
The Office of Management and Budget has released the President’s FY2011 budget and the Congressional Budget Office has released its semi-annual Budget and Economic Outlook. Much of the coverage of these documents has focused on deficit numbers. This is not a…
Bureaucrats vs. Taxpayers, Part II.
It is horribly unjust that politicians do things to destabilize the economy, but it is workers in the productive sector of the economy who pay the price by losing their jobs and foregoing wage increases. To add insult to injury, government bureaucrats are living the…
England Is Going Nuts…Again.
My jaw is gaping with amazement once more at the hare-brained political correctness that is infecting (or should I say infesting?) the United Kingdom. A story in the Daily Mail states that a recruitment agency was told not to advertise for “reliable” and…
Paulson Should Just Go Away.
Like most statists and interventionists, former Treasury Secretary Henry Paulson raises the economic equivalent of monsters under the bed when justifying more government. Here’s a blurb from a story about his recent testimony on Capitol Hill: …former…