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Demographic Change and Entitlement Disaster

Demographic Change and Entitlement Disaster

by Dan Mitchell | Oct 6, 2017 | Big Government, Blogs, Government Spending, Welfare and Entitlements

Imagine that we’re in a parallel universe and that you’re the lookout on the Titanic. But in this make-believe world, you have all sorts of fancy radar that allows you to detect icebergs with lots of advance notice. Furthermore, imagine that you detect danger and give...

Joe Biden, Basic Income, and Societal Capital

by Dan Mitchell | Sep 19, 2017 | Big Government, Blogs, Welfare and Entitlements

Most economic policy debates are predictable. Folks on the left urge higher taxes and bigger government while folks on the right advocate lower taxes and smaller government (thanks to “public choice” incentives, many supposedly pro-market politicians don’t follow...
Income Trends, the Middle Class, and American Prosperity

Income Trends, the Middle Class, and American Prosperity

by Dan Mitchell | Sep 12, 2017 | Blogs, Economic Growth

Let’s consider some good news about America. Some folks on the left like to claim that the middle class is shrinking and that therefore we need bigger government and more redistribution to protect these Americans from falling into poverty. Well, the first half of that...
Envy, Fairness, Redistribution, Compassion, and Morality

Envy, Fairness, Redistribution, Compassion, and Morality

by Dan Mitchell | Aug 3, 2017 | Big Government, Blogs, Welfare and Entitlements

I confess that I’m never sure how best to persuade and educate people about the value of limited government. Is it best to make a moral and philosophical case against state coercion? Or is it best to make a practical case that a free society produces greater...
Early Evidence Doesn’t Bode Well for Finland’s Basic Income Experiment

Early Evidence Doesn’t Bode Well for Finland’s Basic Income Experiment

by Dan Mitchell | Aug 1, 2017 | Big Government, Blogs, Economics, Welfare and Entitlements

The notion that government should automatically give everyone money – a policy known as “universal basic income” – is now getting a lot of attention. From an economic perspective, I acknowledge that the idea should not be summarily rejected. Here’s some of what I...
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