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Biden’s Student Loan Scheme: The Party of the Rich Redistributes Money Upwards

Biden’s Student Loan Scheme: The Party of the Rich Redistributes Money Upwards

by Dan Mitchell | Aug 25, 2022 | Big Government, Blogs, Education

As a general rule, some of the worst people are attracted to the world of politics. As such, we should never be surprised when politicians push bad policy. But there are bad ideas…and there are really bad ideas. At the risk of understatement, Biden’s...
IMF Bailouts and Moral Hazard

IMF Bailouts and Moral Hazard

by Dan Mitchell | Jan 24, 2022 | Big Government, Blogs, Bureaucracy

One of the (many) unfortunate tendencies of politicians is that they focus on the short run (i.e., their upcoming reelection battles). Why is this unfortunate? Because there are some policy changes that may be costly in the short run, but they are...
The IMF Should Be Eliminated, not Expanded

The IMF Should Be Eliminated, not Expanded

by Dan Mitchell | Oct 11, 2021 | Big Government, Blogs, Taxation

I’m not a fan of the International Monetary Fund (IMF). Since I work mostly on fiscal issues, I don’t like the fact that the bureaucracy is an avid cheerleader for ever-higher taxes (which is disgustingly hypocritical since IMF...
State and Local Governments Should Not Get a Bailout – Either from Congress or the Federal Reserve

State and Local Governments Should Not Get a Bailout – Either from Congress or the Federal Reserve

by Dan Mitchell | Nov 11, 2020 | Blogs, Economics, States

For years, public finance experts have been warning about fiscally irresponsibility by state and local governments. Many of those governments have been spending too much money and making overly expensive promises to interest groups such as government...
Another Embrace of Dirigisme and Centralization by the European Union

Another Embrace of Dirigisme and Centralization by the European Union

by Dan Mitchell | Jul 21, 2020 | Big Government, Blogs, Europe

In its early days, the European Union increased economic liberty since it largely existed as a free-trade pact for member nations. Unfortunately, it has subsequently shifted to a more statist approach, with countries like France and Germany pushing for ever-increasing...
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