by Dan Mitchell | Apr 25, 2020 | Blogs
At the risk of understatement, I’m not a fan of the International Monetary Fund (IMF). The international bureaucracy is the “Johnny Appleseed” of moral hazard, using bailouts to reward profligate governments and imprudent lenders. The IMF also is infamous for...
by Dan Mitchell | Apr 11, 2020 | Big Government, Blogs, Health Care
About three weeks ago, I unveiled the “Seventh Theorem of Government” to support the libertarian proposition that a smaller government will do a better job of fulfilling its legitimate responsibilities. This should not be a controversial concept. There’s plenty...
by Dan Mitchell | Apr 10, 2020 | Big Government, Blogs
Over the past few weeks, I’ve shared headlines and tweets to illustrate how bureaucratic inefficiency and incompetence have hindered an effective response to the coronavirus. Time to beat that dead horse one more time. But not just for the sake of mocking the clowns...
by Dan Mitchell | Apr 6, 2020 | Big Government, Blogs, Economics, Free Market
The current crisis teaches us that excessive regulation and bureaucratic sloth can have deadly consequences. Here’s John Stossel’s video with another lesson, explaining that we need more capitalism rather than more government. This seems like a no-brainer, especially...
by Dan Mitchell | Apr 1, 2020 | Big Government, Blogs, Economics, States, Taxation
The crowd in Washington has responded to the coronavirus crisis with an orgy of borrowing and spending. The good news is that the legislation isn’t based on the failed notion of Keynesian economics (i.e., the belief that you get more prosperity when the government...
