by Dan Mitchell | Jun 15, 2020 | Big Government, Blogs, States
As indicated by one of my columns last week, I’m a big believer in federalism. Indeed, I’ve even proposed that Washington shouldn’t operate any social programs. No food stamps. No Medicaid. No redistribution programs of any kind. Such programs, to the extent they...
by Dan Mitchell | Jun 3, 2020 | Big Government, Blogs, Government Spending
Should high-tax states such as California and New York get a bailout? I explained last month why that would be a mistake, in large part because bailouts would reward states for irresponsible fiscal policy (similar to my argument that countries like Austria and the...
by Dan Mitchell | May 27, 2020 | Big Government, Blogs, Government Spending
Margaret Thatcher was the British version of Ronald Reagan, a leader who resuscitated a nation by rolling back the size and scope of government. She also is famous for one of the most accurate observations ever made about fiscal policy. Her warning proved prophetic...
by Dan Mitchell | May 16, 2020 | Big Government, Blogs, Government Spending
The good news is that there will be a record reduction next year in the burden of government spending. Unfortunately, the bad news is that this reduction will only occur because of gigantic spending increases this year. In this webinar, I explain how fiscal policy is...
by Dan Mitchell | May 12, 2020 | Blogs, Economics, Taxation
I’ve explained the economics of taxation, which is based on the common-sense notion that you get less productive economic activity when taxes drive a bigger wedge between pre-tax income and post-tax consumption. Simply stated, the more you tax of something, the less...
