by Dan Mitchell | Nov 5, 2023 | Big Government, Blogs, Economics, Free Market
People who understand “public choice” are usually not very optimistic about the future of economic liberty. Simply stated, we recognize that politicians have an incentive to hook people on the “heroin of government dependency.” And that doesn’t end well. But I...
by Dan Mitchell | Oct 20, 2023 | Big Government, Blogs, Government Spending
Washington has a spending addiction. And it’s bipartisan. To understand the magnitude of the problem, let’s look at how fast taxes and spending have increased this century compared to population plus inflation. There are two obvious takeaways from this data....
by Dan Mitchell | Oct 11, 2023 | Big Government, Blogs, Taxation
Paul Krugman isn’t always wrong. A few years ago, for instance, he admitted the Laffer Curve is real. And he even once wrote something sensible about tax policy. But those are the exceptions. His usual routine is to pontificate in favor of bigger...
by Dan Mitchell | Oct 5, 2023 | Big Government, Blogs, States
In our series on red states vs blue states, we’ve examined different economic variables. Part I: Economic growthPart II: Unemployment ratesPart III: Employment growth Today, let’s add another comparison. Here’s a map looking at 2022 income growth by...
by Dan Mitchell | Oct 4, 2023 | Big Government, Blogs
I am not bullish about China’s economy. Even 10 or more years ago, when many people thought China was going to be the economic superpower of the 21st century, I poured cold water on those predictions. Simply stated, China suffers from too...
