by Dan Mitchell | Aug 18, 2011 | Big Government, Blogs, Economics, Government Spending, Government Waste
The latest issue of the World Economic Forum’s Global Competitiveness Report contains some rather damning information about government incompetence in the United States. America ranks only 68th in the “Wastefulness of Government Spending” category (page 373) and 49th...
by Dan Mitchell | Aug 14, 2011 | Big Government, Blogs, Economics, Regulations
The governments of Spain, Italy, Belgium and (of course) France recently imposed 15-day bans on “short selling,” which means they are prohibiting people from making investments that would be profitable if certain stocks fall in value. According to the politicians, the...
by Dan Mitchell | Aug 11, 2011 | Big Government, Blogs, Government Spending, Taxation
Tomorrow, August 12, will be a wonderful day. Based on calculations from Americans for Tax Reform, we will have finally worked long enough to finance the total cost of government for 2011. This means the money we earn for the rest of the year will be for the benefit...
by Dan Mitchell | Jul 27, 2011 | Big Government, Blogs, Regulations
I think it may be time to update the dictionary definition of irony. George Soros, the billionaire who finances statist organizations and causes in order to promote more government, has decided that he doesn’t want to deal with some of the new regulatory burdens...
by Dan Mitchell | May 15, 2011 | Bailouts, Big Government, Blogs, Regulations
Here are two superb articles on the financial crisis. First, from Peter Wallison at the American Enterprise Institute, we have a piece on the role of government housing subsidies. Since he warned, in advance, that Fannie Mae and Freddie Mac were ticking time bombs,...
