by Dan Mitchell | Apr 30, 2022 | Blogs
In the make-believe country of Libertaria, there is no such thing as Social Security or any other type of government-mandated retirement policy. In the real world, however, most nations have created “pay-as-you-go” retirement schemes based on taxing...
by Dan Mitchell | Dec 18, 2021 | Big Government, Blogs
One reason I’m interested in Chile’s election is that the leftist candidate, Gabriel Boric, wants to eviscerate the nation’s successful private pension system. Bettina Horst of Libertad Y Desarrollo gave me her analysis. As an economist and Executive Director of the...
by Dan Mitchell | Sep 1, 2021 | Big Government, Blogs, Government Spending, Welfare and Entitlements
In an ideal world, Americans would have personal retirement accounts, just like workers in Australia, Sweden, Chile, Hong Kong, Israel, Switzerland, and a few dozen other nations. But we’re not in that ideal world. We are forced...
by Dan Mitchell | Aug 10, 2021 | Big Government, Blogs, Welfare and Entitlements
It’s understandable that we’re now paying a lot of attention to Joe Biden’s risky proposals for higher taxes and a bigger welfare state. After all, it’s a very bad idea to copy the economic policies of nations such as Italy, France,...
by Dan Mitchell | Feb 22, 2021 | Big Government, Blogs, Welfare and Entitlements
There are many compelling economic arguments against entitlement programs. They discourage savings.They discourage work.They are funded with taxes.They are funded with debt. Since I’m a libertarian, I also have moral concerns about...
