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Creative Destruction, Job Losses, Technological Change, and Human Progress

Creative Destruction, Job Losses, Technological Change, and Human Progress

by Dan Mitchell | Dec 21, 2016 | Blogs, Economics, Free Market

There’s a meme on Facebook and Twitter that asks people to “confess your unpopular opinions.” I suppose I could play that game by saying that I’d rather eat fast food than patronize most fancy restaurants (especially if I have to pay the bill!). And I’ve...

More Tax Dollars for Government Schools ≠ Better Education

by Dan Mitchell | Dec 20, 2016 | Big Government, Blogs, Education, Government Spending

While I have great fondness for some of the visuals I’ve created over the years (especially “two wagons” and “apple harvesting“), I confess that none of my creations have ever been as clear and convincing as the iconic graph on education spending and education...
End Food Stamps as Part of a Federalist Agenda to Decentralize Redistribution Programs

End Food Stamps as Part of a Federalist Agenda to Decentralize Redistribution Programs

by Dan Mitchell | Dec 19, 2016 | Big Government, Blogs, Welfare and Entitlements

Learning from the tremendous success of welfare reform during the Clinton Administration, the entire Washington-based welfare state should be junked. It’s a complicated and costly mess that traps poor people in dependency while ripping off taxpayers and creating very...

Shut Down Fannie Mae and Freddie Mac and Unleash the Free Market

by Dan Mitchell | Dec 18, 2016 | Blogs, Economics

Remember the financial crisis and market meltdown from late last decade? That wasn’t a fun time, and we’re still dealing with some of the fallout. Let’s specifically look at Fannie Mae and Freddie Mac, the two privately owned but government-created housing finance...
The Lavish Life of Overcompensated Bureaucrats

The Lavish Life of Overcompensated Bureaucrats

by Dan Mitchell | Dec 17, 2016 | Big Government, Blogs, Bureaucracy

Yesterday I shared some very good news about Brazil adopting a spending cap. Today, I also want to share some good news, though it’s not nearly as momentous. Indeed, it’s not even good news. Instead, it’s just that some bad news isn’t as bad as it used to be. I’m...
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