by Dan Mitchell | May 7, 2014 | Big Government, Blogs, Government Spending
As you can imagine, there’s a lot to choose from in the contest for the most spectacular waste of tax dollars. But the politicians in Oregon must really want the prize, because they managed to flush several hundred million dollars down a rat hole by putting together a...
by Andrew F. Quinlan | May 6, 2014 | Opinion and Commentary
This article appeared in The Washington Times on May 6, 2014. Detroit is America’s canary in the coal mine. Now that the city has hit rock bottom and filed for bankruptcy, the responsible thing to do would be to leverage its assets to make creditors as whole as...
by Dan Mitchell | May 4, 2014 | Big Government, Blogs, Government Spending
Which nation is richer, Belarus or Luxembourg? If you look at total economic output, you might be tempted to say Belarus. The GDP of Belarus, after all, is almost $72 billion while Luxembourg’s GDP is less than $60 billion. But that would be a preposterous answer...
by Dan Mitchell | Apr 27, 2014 | Big Government, Blogs, Economics, Government Spending
What happens when you mix something good with something bad? To be more specific, what happens when you have a big success story, like the spending cap in Switzerland that has dramatically slowed the growth of government, and then expect intelligent and coherent...
by Dan Mitchell | Apr 23, 2014 | Big Government, Blogs, Bureaucracy, Government Spending
I’ve complained many times about government intervention in the financial sector. The financial and housing crisis, for instance, was largely a consequence of the Federal Reserve’s easy-money policy, combined with the system of corrupt subsidies put in place by...
