Will a Bernie Sanders-Style President Reverse Peru’s Economic Progress?

by Dan Mitchell | Jul 27, 2021 | Big Government, Blogs

When writing about economic policy in Latin America, Chile gets lots of attention because it’s a remarkable story of success. Similarly, Venezuela gets lots of attention because it’s a remarkable story of failure (with Argentina also deserving...

The Biden-Bernie Budget Blowout

by Dan Mitchell | Jul 25, 2021 | Big Government, Blogs, Government Spending

Back in 2009, there was strong and passionate opposition to Bush’s corrupt TARP scheme and Obama’s fake stimulus boondoggle – both of which had price tags of less than $1 trillion. Today, Biden has already squandered $1.9 trillion on his...

The Left’s Dependency Agenda, Part I

by Dan Mitchell | Jul 19, 2021 | Big Government, Blogs, Welfare and Entitlements

Over the past couple of years, one of the most disturbing – and also revealing – things to happen in Washington is when Congresswoman Alexandria Ocasio-Cortez proposed giving more money to people “unwilling to work.” As discussed in this interview, the left...

Democrats Embrace Protectionist Tax Hike on Lower-Income and Middle-Class Americans

by Dan Mitchell | Jul 17, 2021 | Big Government, Blogs, Taxation, Trade

I’ve been warning, over and over and over again, that a European-style welfare state means huge tax increases on ordinary people. Simply stated, there are not enough rich people to finance big government...

The Case Against Socialism, Part III

by Dan Mitchell | Jul 14, 2021 | Big Government, Blogs, Economics, Socialism

Part I of this series looked at socialism’s track record of failure, while Part II pointed out that greater levels of socialism lead to greater levels of misery. For Part III, let’s start with this video on the economics of socialism. If the world was...