by Dan Mitchell | Oct 12, 2018 | Big Government, Blogs, Economics, Welfare and Entitlements
One of the more elementary observations about economics is that a nation’s prosperity is determined in part by the quantity of quality of labor and capital. These “factors of production” are combined to generate national income. I frequently grouse that punitive tax...
by Dan Mitchell | May 30, 2018 | Big Government, Blogs, Welfare and Entitlements
America has a major dependency problem. In recent decades, there’s been a significant increase in the number of working-age adults relying on handouts. This is bad news for poor people and bad news for taxpayers. But it’s also bad news for the nation since it reflects...
by Dan Mitchell | Apr 8, 2018 | Big Government, Blogs, Economics, Welfare and Entitlements
There is a lot of good news about the job market in America. The official unemployment rate, released just yesterday, is down to 4.1 percent, which is the lowest its been since the end of the Clinton years. Even more impressive, the number of people getting...
by Dan Mitchell | Feb 16, 2018 | Big Government, Blogs, Welfare and Entitlements
Federalism is the gold standard for reforming redistribution programs. This was the approach used in the very successful Clinton-era welfare reform, and it should be replicated for other means-tested programs. The core argument is that the federal government does a...
by Dan Mitchell | Dec 27, 2017 | Big Government, Blogs
I’ve written that it’s theoretically possible for Greece to pay its debts and restore prosperity. After all, it’s simply a matter of obeying fiscal policy’s Golden Rule and reforming a suffocating tax system. But I’ve always figured none of that will happen because...
