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Sunk Costs, Inertia, and the Burden of Government Spending

Sunk Costs, Inertia, and the Burden of Government Spending

by Dan Mitchell | Jun 19, 2021 | Big Government, Blogs, Economics, Government Spending

Back in 2009 and 2010, when I had less gray hair, I narrated a four-part series on the economic burden of government spending. Here’s Part II, which discusses the theoretical reasons why big government reduces prosperity. I provide eight examples to...
Paul Krugman Admits Big Government Means Huge Tax Increases for Ordinary Americans

Paul Krugman Admits Big Government Means Huge Tax Increases for Ordinary Americans

by Dan Mitchell | Jun 4, 2021 | Big Government, Blogs, Government Spending, Taxation

While Paul Krugman sometimes misuses and misinterprets numbers for ideological reasons (see his errors regarding the United States, France, Canada, the United States, Estonia, Germany, the United States, and the United Kingdom),...
Four Fiscal Policy Lessons from Ireland

Four Fiscal Policy Lessons from Ireland

by Dan Mitchell | Jun 1, 2021 | Big Government, Blogs, Government Spending

In the world of public finance, Ireland is best known for its 12.5 percent corporate tax rate. That’s a very admirable policy, as will be momentarily discussed, but my favorite Irish policy was the four-year spending freeze in the late 1980s....
The Most Disturbing Takeaway from Biden’s Budget Plan

The Most Disturbing Takeaway from Biden’s Budget Plan

by Dan Mitchell | May 28, 2021 | Big Government, Blogs, Government Spending, Welfare and Entitlements

There are many things to dislike about President Biden’s budget plan to expand the burden of government. Class-warfare tax policy.Expanding welfare.Higher levels of red ink. There will be ample opportunity to write about these issues in the coming weeks. For today,...
The CRFB Fiscal Quiz

The CRFB Fiscal Quiz

by Dan Mitchell | May 22, 2021 | Big Government, Blogs, Government Spending, Taxation

I’ve shared all sorts of online quizzes that supposedly can detect things such as whether you’re a pure libertarian. Or even whether you’re a communist. Today, courtesy of the folks at the Committee for a Responsible Budget, you can agree or...
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