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The Exodus from Illinois Begins

by Dan Mitchell | Jan 22, 2011 | Big Government, Blogs, Economics, Tax Competition, Taxation

It may not be very nice to say “I told you so” when the warnings you issue become reality, but I’m not a nice person (at least when it comes to greedy politicians imposing stupid policy). So I’ll openly admit that I’m happy to read that entrepreneurs and job creators...

Even Studies from the European Central Bank Show Spending Restraint Is Key to Controlling Red Ink

by Dan Mitchell | Jan 21, 2011 | Big Government, Blogs, Economics, Government Spending, Taxation

I’m not a big fan of central banks, and I definitely don’t like multilateral bureaucracies, so I almost feel guilty about publicizing two recent studies published by the European Central Bank. But when such an institution puts out research that unambiguously makes the...

Obama’s Column against Over-Regulation: Insincere, Inaccurate, and Hypocritical

by Dan Mitchell | Jan 20, 2011 | Big Government, Blogs, Regulations

The President garnered some attention for his January 18 column in the Wall Street Journal, in which he said we need to control the regulatory burden. Let’s start with the insincere part. He praised capitalism. America’s free market has not only been the source of...

I Loathe Sleazy, Corrupt, Disgusting Republicans Who Get Rich by Selling Out

by Dan Mitchell | Jan 19, 2011 | Big Government, Blogs, Health Care

A former  Cato colleague, Will Wilkinson, made one of the most astute and powerful observations I have ever read when he wrote that, “…the more power the government has to pick winners and losers, the more power rich people will have relative to poor people.”I thought...

Animal House, John Galt, the Laffer Curve, and the Race to Commit Fiscal Suicide in Illinois

by Dan Mitchell | Jan 11, 2011 | Big Government, Blogs, Government Spending, Taxation

There is a very bizarre race happening in Illinois. The Governor and the leaders of the State Senate and General Assembly are trying to figure out how to ram through a massive tax increase, but they’re trying to make it happen before new state lawmakers take office...
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