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Hoover, FDR, Taxes, and the Great Depression

Hoover, FDR, Taxes, and the Great Depression

by Dan Mitchell | Nov 20, 2022 | Big Government, Blogs, Taxation

The 1930s arguably was America’s worst decade for economic policy and economic results. Herbert Hoover and Franklin Roosevelt both increased the burden of government and the net result was a decade-long depression. The...
Hoover, FDR, Taxes, and the Great Depression

Ranking Presidents on Economic Policy: The Suffocating Statism of Herbert Hoover

by Dan Mitchell | Nov 27, 2017 | Big Government, Blogs, Economics

Using comparative bar charts, I’ve analyzed the economic policies of Presidents Barack Obama, George W. Bush, Bill Clinton, Ronald Reagan, and Richard Nixon. My basic conclusion was that economic policy moved in the right direction under Reagan and Clinton and moved...
Evidence from Sweden Showing that Taxable Income Is the Key Variable in the Laffer Curve, not Tax Revenue

Evidence from Sweden Showing that Taxable Income Is the Key Variable in the Laffer Curve, not Tax Revenue

by Dan Mitchell | Nov 5, 2016 | Blogs, Economics, Laffer Curve, Taxation

I know exactly how Ronald Reagan must have felt back in 1980 when he famously said “There you go again” to Jimmy Carter during their debate. That’s because I endlessly have to deal with critics who try to undercut the Laffer Curve by claiming that it’s based on the...

Statist Policy and the Great Depression

by Dan Mitchell | Sep 17, 2014 | Big Government, Blogs, Government Spending

It’s difficult to promote good economic policy when some policy makers have a deeply flawed grasp of history. This is why I’ve tried to educate people, for instance, that government intervention bears the blame for the 2008 financial crisis, not capitalism or...

Herbert Hoover’s Anti-Market Policies Helped Turn an Economic Downturn into a Great Depression

by Dan Mitchell | Jul 1, 2014 | Big Government, Blogs, Economics, Government Spending

There have been many truly awful presidents elected in the United States, but if I had to pick my least favorite, I might choose Herbert Hoover. I obviously have disdain for Hoover’s big-government policies, but I also am extremely irritated that – as Jonah Goldberg...
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