by Dan Mitchell | Sep 29, 2019 | Big Government, Blogs
The 2008 financial crisis was largely the result of bad government policy, including subsidies for the housing sector from Fannie Mae and Freddie Mac. This video is 10 years old, but it does a great job of explaining the damaging role of those two government-created...
by Dan Mitchell | Sep 16, 2019 | Big Government, Blogs
The great French economist from the 1800s, Frederic Bastiat, famously explained that good economists are aware that government policies have indirect effects (the “unseen”). Bad economists, by contrast, only consider direct effects (the “seen”). Let’s look at the...
by Dan Mitchell | Sep 12, 2019 | Big Government, Blogs, Economics
Identifying the worst government policy would be a challenge. Would it be minimum wage laws, which deprive low-skilled workers of a chance for employment and upward mobility? Would it be class-warfare tax rates that generate large amounts of economic damage compared...
by Dan Mitchell | Sep 9, 2019 | Big Government, Blogs
Something really strange is happening. Yesterday, I wrote about how I agreed with Trump on a trade issue. Today, I’m going to agree with Crazy Bernie about a moral hazard issue. Shocking, but true. The Vermont socialist actually understands that it makes no sense to...
by Dan Mitchell | Sep 3, 2019 | Big Government, Blogs, Economics
Ronald Reagan must be turning over in his grave. A Republican president is pushing protectionist policies that hurt American consumes and taxpayers. A Republican president and Congress are spending like drunken sailors (apologies to drunken sailors). Now some...
