by Dan Mitchell | Oct 2, 2024 | Big Government, Blogs, Welfare and Entitlements
One of Margaret Thatcher’s famous observations was that socialist governments fail because they inevitably run out of other people’s money. If I’m in a pedantic mood, I will nit-pick that statement by pointing out that she should have...
by Dan Mitchell | Oct 1, 2024 | Big Government, Blogs
When people (correctly) complain about Washington’s inefficiency and incompetence, I tell them that one of the problems is that the federal government is simply too big. Indeed, this is the core message of my 7th Theorem of Government. Simply...
by Dan Mitchell | Sep 29, 2024 | Big Government, Blogs, Economics, Socialism
Since I’m a numbers wonk, I think the most powerful evidence for the failure of Cuban socialism is comparing that nation’s growth (or lack thereof) to what’s happened in Taiwan and (pre-crackdown) Hong Kong. They all had similar levels of...
by Dan Mitchell | Sep 20, 2024 | Big Government, Blogs, Economics, Taxation
Let’s look today at two of the worst public policy ideas, proposals that are so economically illiterate that they get support only from very dogmatic leftists. We’ll start with the deduction for state and local taxes. Since I’m a fan of the flat tax, I don’t...
by Dan Mitchell | Sep 13, 2024 | Big Government, Blogs
For libertarians, this is a very depressing election (a feeling we tend to have every four years, so a familiar experience). What basically happens is that two politicians try to bribe us with our own money. This year, we have Kamala Harris, who...
