by Dan Mitchell | Jul 14, 2011 | Big Government, Blogs, Economics, Government Spending
The United States has been on a decade-long spending binge. Thanks to the profligate policies of both Bush and Obama, the burden of federal spending has climbed to about 25 percent of economic output, up from 18.2 percent of GDP when Bill Clinton left office. The...
by Dan Mitchell | Jul 8, 2011 | Big Government, Blogs, Economics, Free Market
It’s hard to imagine how we would get through life without necessities like bacon and duct tape. But have you ever thought about how the free market gives you so much for so little? Here’s a video that should be mandatory viewing in Washington. Too bad politicians...
by Dan Mitchell | Jul 5, 2011 | Big Government, Blogs, Economics, Taxation
If you want to understand how government intervention screws up markets and damages an economy, there are two new publications worth reading. First, pick up a copy of Reckless Endangerment, a new book by Gretchen Morgenson of the New York Times, and Joshua Rosner, an...
by Dan Mitchell | Jul 2, 2011 | Blogs, Economics, Minimum Wage
My Cato colleague, Mark Calabria, recently explained how the minimum wage destroys jobs, and I’ve written on several occasions why government-mandated wages can create unemployment by making it unprofitable to hire people with low work skills and/or poor work...
by Dan Mitchell | Jul 1, 2011 | Blogs, Economics, Laffer Curve, Taxation
The big-government advocates at the Center for American Progress recently released a series of charts designed to prove America is a low-tax nation. I wish this was the case. The United States does have a lower overall tax burden than Europe, which is shown in one of...
