by Dan Mitchell | Nov 19, 2024 | Big Government, Blogs, Economics
With regards to economic policy, Herbert Hoover and Franklin Roosevelt were two peas in a pod. They both responded to an economic downturn by dramatically expanding the size and scope of government. As a result of those mistakes, they...
by Dan Mitchell | Nov 14, 2024 | Big Government, Blogs, Regulations
So far in this series, we have looked at what a second Trump presidency might mean for the following three issues. The number of government bureaucrats. Controlling the burden of federal spending. The Department of Government Efficiency. Today, let’s...
by Dan Mitchell | Oct 20, 2024 | Blogs, Economics
With hurricane season (hopefully) coming to a close, this is a good opportunity to share this video from John Stossel about the absurdity of government-subsidized insurance in flood-prone areas. Kudos to Rand Paul for addressing this issue. It’s a textbook case of...
by Dan Mitchell | Oct 5, 2024 | Blogs, Economics
Industrial policy is when politicians and bureaucrats use various combinations of tax, spending, and regulatory policies to steer the economy. In other words, they are putting their thumbs on the scale to pick winners and losers. It means replacing the...
by Dan Mitchell | Sep 20, 2024 | Big Government, Blogs, Economics, Taxation
Let’s look today at two of the worst public policy ideas, proposals that are so economically illiterate that they get support only from very dogmatic leftists. We’ll start with the deduction for state and local taxes. Since I’m a fan of the flat tax, I don’t...
