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In the Debate over Capitalism and Morality, the Score Is: Walter Williams 1 – Pope Francis 0

by Dan Mitchell | Sep 22, 2015 | Blogs, Economics, Free Market

The biggest mistake of well-meaning leftists is that they place too much value on good intentions and don’t seem to care nearly as much about good results. Pope Francis is an example of this unfortunate tendency. His concern for the poor presumably is genuine, but he...
Warning: Bernie Sanders Will Be Very Expensive to Your Wallet

Warning: Bernie Sanders Will Be Very Expensive to Your Wallet

by Dan Mitchell | Sep 18, 2015 | Big Government, Blogs, Economics, Government Spending

Almost everyone in Washington is talking about the recent GOP debate. I sent out a few tweets as I watched, and my main after-the-fact observation is that there was very little discussion about the ever-growing burden of government spending, which is America’s most...
New Census Bureau Report on Income and Poverty Is a Damning Indictment of Obamanomics

New Census Bureau Report on Income and Poverty Is a Damning Indictment of Obamanomics

by Dan Mitchell | Sep 17, 2015 | Big Government, Blogs, Economics

As a libertarian, I sometimes make the moral argument for small government. If it’s wrong to steal other people’s income or property, then shouldn’t it also be wrong to use the coercive power of government to take their income or property? Defenders of the welfare...
America’s Unfortunate Loss of Economic Liberty in the 21st Century

America’s Unfortunate Loss of Economic Liberty in the 21st Century

by Dan Mitchell | Sep 16, 2015 | Blogs, Economics, Free Market

Last month, I cited data from Economic Freedom of the World to explain that the United States was becoming less competitive because of creeping protectionism and reductions in the rule of law and property rights. Now I have more bad news to share. Last year, the...
Fiscal Policy, Tax Cuts, and “Voodoo Economics”

Fiscal Policy, Tax Cuts, and “Voodoo Economics”

by Dan Mitchell | Sep 15, 2015 | Big Government, Blogs, Economics, Government Spending, Taxation

Is “supply-side economics” a bad thing or good thing? It depends on what one means by the phrase. If it means that all tax cuts are self financing or that low tax burdens are the sole key to prosperity, then critics are right about it being a form of “voodoo...
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