by Dan Mitchell | Oct 3, 2020 | Big Government, Blogs, Government Spending
I identified four heroes from the “Battle of Ideas” video I shared in late August – Friedrich Hayek, Milton Friedman, Ronald Reagan, and Margaret Thatcher. Here’s one of those heroes, Milton Friedman, explaining what’s needed to control big government. For all intents...
by Dan Mitchell | Aug 25, 2020 | Big Government, Blogs
Milton Friedman was one of the the 20th century’s greatest defenders of capitalism and individual freedom. He had marvelous insights on issues such as fiscal policy, Sweden, tax competition, and other people’s money, but one of my favorite Friedman quotes is about the...
by Dan Mitchell | May 9, 2016 | Blogs, Economics
From an economic perspective, too much government spending is harmful to economic performance because politicians and bureaucrats don’t have very good incentives to spend money wisely. More specifically, labor and capital will be misallocated because people in...
by Dan Mitchell | Dec 26, 2014 | Big Government, Blogs, Economics, Regulations
It’s time to correct a sin of omission. In five-plus years of blogging, I haven’t given nearly enough attention to the wisdom of the late (and great) Milton Friedman. Yes, I did say he was at the top of my list of great economists in a 2010 interview, and I’ve cited...
