by Dan Mitchell | Jan 14, 2015 | Big Government, Blogs, Economics, Welfare and Entitlements
The modern welfare state is a disaster. But rather than go into lengthy details, let’s simply look at some very powerful images (click for enlarged view). Probably the most damning evidence is that the poverty rate in America was steadily falling after World War II....
by Dan Mitchell | Jan 12, 2015 | Blogs, Economics
For the past several years, on the issue of jobs, I’ve focused more on the employment-population ratio rather than the official unemployment rate. Both figures are important, of course, but I think the employment-population ratio has more economic meaning since our...
by Dan Mitchell | Jan 9, 2015 | Blogs, Economics, Health Care, Taxation
Today I’m going to say something nice about Obamacare. Not because I like the overall law, but because honesty is the best policy. Regular readers know that our healthcare system is screwed up by bad government policy. More specifically, spending programs such as...
by Dan Mitchell | Jan 4, 2015 | Blogs, Economics, Laffer Curve, Taxation
Since I’m a big advocate of the Laffer Curve, that means I favor dynamic scoring. This is the common-sense observation that you can’t figure out the effect of tax changes on revenue without first estimating the impact on taxable income. And I’ve shared some very...
by Dan Mitchell | Jan 3, 2015 | Blogs, Economics
What is the American Dream? I suspect it’s a bit like beauty, in the eye of the beholder, but here’s theWikipedia definition: …a national ethos of the United States, a set of ideals in which freedom includes the opportunity for prosperity and success, and an upward...
