by Dan Mitchell | Jun 3, 2020 | Big Government, Blogs, Government Spending
Should high-tax states such as California and New York get a bailout? I explained last month why that would be a mistake, in large part because bailouts would reward states for irresponsible fiscal policy (similar to my argument that countries like Austria and the...
by Dan Mitchell | May 19, 2020 | Big Government, Blogs, Government Spending, States
Politicians from New York want states to get a big bailout from Uncle Sam. I explained earlier this month that this would be a bad idea. Simply stated, the Empire State is in big trouble because it has a bloated government, not because of the coronavirus. Probably...
by Dan Mitchell | May 1, 2020 | Bailouts, Big Government, Blogs, States
A Supreme Court Justice pointed out in 1932 that “a state may, if its citizens choose, serve as a laboratory; and try novel social and economic experiments without risk to the rest of the country.” Well, we’ve had several experiments in higher taxes and higher...
by Dan Mitchell | Apr 18, 2020 | Blogs, States
I’ve written that policy makers need to consider both the human toll of the coronavirus and the human toll of a depressed economy. I also discussed this tradeoff with Brian Nichols, beginning about seven minutes into this podcast. And, as you can see from this tweet,...
by Dan Mitchell | Apr 14, 2020 | Blogs, States
I’m a big fan of federalism. After all, compared to what happens when Washington screws up, there’s a lot less damage if a state or city imposes a bad law. Moreover, it’s relatively easy to move across a border if a state or city is doing something foolish. Leaving...
