by Dan Mitchell | Nov 13, 2013 | Big Government, Blogs, Government Spending, Welfare and Entitlements
I routinely (some would say repetitively) argue that the burden of government spending is a drag on the economy because labor and capital are being misallocated via the political process. My message is that we need to reduce the size of the public sector, even if we...
by Dan Mitchell | Nov 9, 2013 | Big Government, Blogs, Economics, Government Spending
The only sustainable way of achieving more prosperity and higher living standards is to increase the quality and quantity of labor and capital in the economy. This may sound like boring econo-speak, but labor and capital are the two “factors of production” and our...
by Dan Mitchell | Nov 4, 2013 | Big Government, Blogs, Government Spending
Being a glass-half-full kind of guy, I look for kernels of good news when examining economic policy around the world. I once even managed to find something to praise about French tax policy. And I can assure you that’s not a very easy task. I particularly try to find...
by Dan Mitchell | Oct 30, 2013 | Big Government, Blogs, Economics, Government Spending, Keynesian
Keynesian economics is the perpetual motion machine of the left. You build a model that assumes government spending is good for the economy and you assume that there are zero costs when the government diverts money from the private sector. With that type of model, you...
by Dan Mitchell | Oct 29, 2013 | Big Government, Blogs, Economics, Government Spending, Taxation
The Washington metropolitan area has become America’s wealthiest region because trillions of dollars are taken every year from the productive sector of the economy and then divvied up by the politicians, bureaucrats, lobbyists and interest groups that benefit from...
