by Dan Mitchell | Sep 24, 2015 | Big Government, Blogs, Economics
Two days ago, I contrasted the views of Pope Francis and Walter Williams about capitalism and morality. I explained that Walter had the upper hand because free markets are a positive-sum game based on voluntary exchange while redistribution (at best) is a zero-sum...
by Dan Mitchell | Sep 23, 2015 | Big Government, Blogs, Economics, Government Spending, Welfare and Entitlements
As we get deeper into an election season, many politicians feel compelled to discuss how to deal with poverty. And some of them may even be serious about trying to improve the system. This hopefully will lead to big-picture discussions of key issues, such as why the...
by Dan Mitchell | Sep 22, 2015 | Blogs, Economics, Free Market
The biggest mistake of well-meaning leftists is that they place too much value on good intentions and don’t seem to care nearly as much about good results. Pope Francis is an example of this unfortunate tendency. His concern for the poor presumably is genuine, but he...
by Dan Mitchell | Sep 17, 2015 | Big Government, Blogs, Economics
As a libertarian, I sometimes make the moral argument for small government. If it’s wrong to steal other people’s income or property, then shouldn’t it also be wrong to use the coercive power of government to take their income or property? Defenders of the welfare...
by Dan Mitchell | Sep 8, 2015 | Big Government, Blogs, Europe, Government Spending, Welfare and Entitlements
Back in 2013, my colleagues at the Cato Institute, Michael Tanner and Charles Hughes, released a study looking at the value of welfare programs in various states. The most shocking finding was that the overall package of welfare benefits was greater than the median...
