by Dan Mitchell | Sep 2, 2015 | Big Government, Blogs, Economics, Taxation
There’s a famous quote attributed to George Washington. Government is not reason, it is not eloquence — it is force. Like fire it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action. But it’s apparently an urban...
by Dan Mitchell | Sep 1, 2015 | Big Government, Blogs, Economics, Regulations
The libertarian message of limited government generally is not warmly received in Washington because politicians, bureaucrats, cronyists, lobbyists, contractors, and other insiders profit from the status quo. The D.C. area is now the richest region of the country,...
by Dan Mitchell | Aug 30, 2015 | Blogs, Economics
Socialism is an economic failure. International socialism didn’t work in the Soviet Union. National socialism didn’t work in Germany. And democratic socialism, while avoiding the horrors of its communist and Nazi cousins, also has been a flop. Socialism fails because...
by Dan Mitchell | Aug 28, 2015 | Blogs, Free Market
At the risk of stereotyping, the Chinese people are remarkably productive when given the chance. Hong Kong and Singapore are dominated by ethnic Chinese, and those jurisdictions routinely rank among the world’s top economies. Taiwan is another high-performing economy...
by Dan Mitchell | Aug 27, 2015 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Why are many developed nations facing long-run fiscal crisis according to long-run estimates from the IMF, BIS, and OECD? Poorly designed entitlement programs are a big part of the answer, with the United States being an unfortunate example of how fiscal systems...
