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America’s Next Crisis: Unfunded Pensions for State and Local Bureaucrats

America’s Next Crisis: Unfunded Pensions for State and Local Bureaucrats

by Dan Mitchell | Jun 25, 2020 | Blogs

I’m a long-time critic of the Federal Reserve, Fannie Mae, and Freddie Mac, but I had no idea they would produce something as bad as the 2008 financial meltdown. It’s not easy to predict the timing and severity of a crisis. Unless we’re talking about the ticking time...
If We Want Better Policing, We Need to Curtail Police Unions

If We Want Better Policing, We Need to Curtail Police Unions

by Dan Mitchell | May 31, 2020 | Blogs, Crime, Society

Since I’m a “right libertarian” according to the political compass test, it’s no surprise that I’m generally sympathetic to cops (notwithstanding my undesired encounters). But with important caveats. I want fewer foolish laws so police can concentrate on protecting...
A Lesson from Illinois: Higher Taxes Perpetuate Bad Policy and Exacerbate Fiscal Decline

A Lesson from Illinois: Higher Taxes Perpetuate Bad Policy and Exacerbate Fiscal Decline

by Dan Mitchell | Mar 7, 2020 | Blogs, States

Last year, I said the nation’s most important referendum was the proposal to emasculate Colorado’s Taxpayer Bill of Rights (I was delighted when voters said no to the pro-spending lobbies and preserved TABOR). This year’s most important referendum is taking place in...
The Inevitability of Bureaucratic Bloat

The Inevitability of Bureaucratic Bloat

by Dan Mitchell | Mar 2, 2020 | Big Government, Blogs, Bureaucracy

I’m not a big fan of bureaucracy, mostly because government employees are overpaid and they often work for departments and agencies that shouldn’t exist. Today, motivated by “public choice” insights about self-interested behavior, I want to make an important point...
IMF Research on the Adverse Impact of Government Bureaucracy on Private Employment

IMF Research on the Adverse Impact of Government Bureaucracy on Private Employment

by Dan Mitchell | Jan 20, 2020 | Big Government, Blogs, Bureaucracy

When I did this video about public-sector compensation almost 10 years ago, I focused on why it is unfair that bureaucrats get much higher levels of compensation than people working the private sector. Today, let’s consider the economic consequences of excessive...
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