by Dan Mitchell | Dec 3, 2021 | Big Government, Blogs, Economics, Government Spending, Taxation
Earlier this year, extrapolating from a study by the nonpartisan Congressional Budget Office, Robert O’Quinn (former Chief Economist at the Department of Labor) and I authored a study on the economic impact of Biden’s fiscal plan. The results...
by Dan Mitchell | Dec 1, 2021 | Big Government, Blogs, Economics, Free Market, Government Spending
A couple of years ago, to help build the case against socialism, I showed how West Germany enjoyed much faster growth and much more prosperity than East Germany. The obvious lesson to be learned from this example of “anti-convergence” is that...
by Dan Mitchell | Nov 27, 2021 | Big Government, Blogs, Government Spending
Nearly 10 years ago, I shared some data to show how a Swiss-style spending cap would have prevented some of the excess spending of the Bush and Obama years. Trillion-dollar deficits would have been avoided. But, more...
by Dan Mitchell | Nov 23, 2021 | Big Government, Blogs, Government Spending
In my column yesterday about state tax systems, I specifically noted that North Carolina has been making big improvements. Not only did the state shift to a flat tax a few years ago, it recently voted to lower the rate from 5.25 percent...
by Dan Mitchell | Nov 19, 2021 | Big Government, Blogs, Government Spending, Welfare and Entitlements
First we got Biden’s $1.9 trillion so-called stimulus. Then we got his $1 trillion-plus infrastructure boondoggle. Now Congress may be on the verge of approving the President’s budget, which (if we use honest numbers) is a $5 trillion plan to...
