by Dan Mitchell | Jul 8, 2014 | Big Government, Blogs, Economics, Government Spending
I’ve shared lots of data and evidence about the harmful economic impact of government spending. Simply stated, budgetary outlays divert resources from more productive uses.And this results in labor and capital being misallocated, leading to less economic output....
by Dan Mitchell | Jul 6, 2014 | Blogs, Economics, Financial Privacy, Tax Competition, Taxation
I’ve argued that subsidies for the Paris-based Organization for Economic Cooperation and Development are the most destructively wasteful outlays in the federal budget. At least on a per-dollar-spent basis. But what if we did the same exercise on the tax side of...
by Dan Mitchell | Jul 1, 2014 | Big Government, Blogs, Economics, Government Spending
There have been many truly awful presidents elected in the United States, but if I had to pick my least favorite, I might choose Herbert Hoover. I obviously have disdain for Hoover’s big-government policies, but I also am extremely irritated that – as Jonah Goldberg...
by Dan Mitchell | Jun 28, 2014 | Blogs, Economics, Free Market
Back in 2010, I shared a remarkable chart showing how quickly economic output doubles in a fast-growth economy, but it also showed how long it takes for GDP to expand if an economy only grows 1 percent or 2 percent per year. My main message was that nations should...
by Dan Mitchell | Jun 26, 2014 | Blogs, Economics, Health Care, Taxation
Obamacare resulted in big increases in the fiscal burden of government(ironically, it would be even worse if Obama hadn’t unilaterally suspended parts of the law). The legislation increased government spending, mostly for expanded Medicaidand big subsidies for private...
