by Dan Mitchell | Nov 9, 2024 | Big Government, Blogs, Government Spending
Last April, I shared some data showing that Colorado’s Taxpayer Bill of Rights had forced politicians in the Centennial State to return $8.2 billion of tax revenue. The state’s politicians did not want to return the money. But TABOR is a...
by Dan Mitchell | Nov 8, 2024 | Blogs, Monetary Policy
Why did Donald Trump win on Tuesday? There are lots of theories, but I think this chart played a big role. It shows how the Federal Reserve dramatically expanded its balance sheet in 2020 and 2021. In other words, the Fed created a bunch of new money....
by Dan Mitchell | Nov 7, 2024 | Blogs, Education, Taxation
Most people understandably focused on the presidential race earlier this week, as well as control of Congress. But let’s look at what happened in the five most important ballot initiatives of 2024. The biggest decision of the day was in Oregon,...
by Dan Mitchell | Nov 6, 2024 | Big Government, Blogs, Government Spending, Taxation, Trade
I’ve commented before that economists are lousy forecasters. But when I make that point, I’m referring to economic predictions. It turns out that economists are also lousy political forecasters. Or, to be more specific, I’m a lousy political...
by Dan Mitchell | Nov 4, 2024 | Big Government, Blogs, Education, Health Care, Welfare and Entitlements
To augment my four-part series on the economics of government spending, here’s a video from Prager University explaining how big government doesn’t work. The video, narrated by Professor Joshua6 Rauh of Stanford, highlights three major types of spending and...
