by Dan Mitchell | Sep 27, 2015 | Big Government, Blogs, Economics, Welfare and Entitlements
It’s no exaggeration to say that a nation’s long-run vitality and prosperity are correlated with the spirit of independence and self-reliance among its people. Simply stated, if too many people thinks it’s okay to ride in the wagon of government dependency, that a...
by Dan Mitchell | Sep 26, 2015 | Big Government, Blogs, Economics, Welfare and Entitlements
I repeatedly try to convince people that the welfare state is bad for both taxpayers and poor people. Sometimes I’ll add some more detailed economic analysis and explain that redistribution programs undermine growth by reducing labor supply (with Obamacare being the...
by Dan Mitchell | Sep 25, 2015 | Big Government, Blogs, Economics, Government Spending
Like many Americans, I’m suffering from Obamacare fatigue. Before the law was implemented, I repeatedly explained that more spending and more intervention in the health sector would worsen a system that already was suffering from too much government. And since the...
by Dan Mitchell | Sep 24, 2015 | Big Government, Blogs, Economics
Two days ago, I contrasted the views of Pope Francis and Walter Williams about capitalism and morality. I explained that Walter had the upper hand because free markets are a positive-sum game based on voluntary exchange while redistribution (at best) is a zero-sum...
by Dan Mitchell | Sep 23, 2015 | Big Government, Blogs, Economics, Government Spending, Welfare and Entitlements
As we get deeper into an election season, many politicians feel compelled to discuss how to deal with poverty. And some of them may even be serious about trying to improve the system. This hopefully will lead to big-picture discussions of key issues, such as why the...
