by Dan Mitchell | Oct 5, 2011 | Big Government, Blogs, Government Spending, Welfare and Entitlements
I recently posted an excellent video showing how the War on Poverty has been a disaster for both taxpayers and poor people. Let’s now look at a specific example of the income-redistribution racket. Professor Thomas Sowell has a superb column, which begins by noting...
by Dan Mitchell | Oct 4, 2011 | Big Government, Blogs, Government Spending, Taxation
What nation is a role model for economic reformers? I’ve certainly cited Hong Kong as an example, but I’ve also explained that we can learn lessons – at least on certain issues – from nations such as Sweden, Australia, Canada, and the Baltics. Today, let’s talk about...
by Dan Mitchell | Oct 3, 2011 | Bailouts, Big Government, Blogs, Government Spending
I’ll start with an important caveat and state that Ford is far from a perfect company. It has its snout in the trough for boondoggles such as green energy programs. And it happily benefits from protectionist restrictions on foreign pickup trucks and SUVs. That having...
by Dan Mitchell | Oct 1, 2011 | Big Government, Blogs, Economics, Government Spending, Taxation
Today, October 1, is the first day of the 2012 fiscal year. And if you’re wondering why America’s economy seems to have a hangover (this cartoon is a perfect illustration), it’s because politicians had a huge party with our money in FY2011. We don’t have final numbers...
by Dan Mitchell | Sep 30, 2011 | Big Government, Blogs, Government Spending
Only the federal government could be this stupid. We have two very big problems in our nation. o First, we have a giant, bloated federal government that is spending too much money, putting us at serious risk of a Greek-style fiscal crisis at some point in the future....
