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The Trump-Obama Approach on Fannie Mae and Freddie Mac Will Lead to Future Financial Instability

The Trump-Obama Approach on Fannie Mae and Freddie Mac Will Lead to Future Financial Instability

by Dan Mitchell | Sep 29, 2019 | Big Government, Blogs

The 2008 financial crisis was largely the result of bad government policy, including subsidies for the housing sector from Fannie Mae and Freddie Mac. This video is 10 years old, but it does a great job of explaining the damaging role of those two government-created...
The Seen, the Unseen, and the Pitfalls of Business Subsidies

The Seen, the Unseen, and the Pitfalls of Business Subsidies

by Dan Mitchell | Sep 16, 2019 | Big Government, Blogs

The great French economist from the 1800s, Frederic Bastiat, famously explained that good economists are aware that government policies have indirect effects (the “unseen”). Bad economists, by contrast, only consider direct effects (the “seen”). Let’s look at the...
Bernie Sanders, Common Sense, and Moral Hazard

Bernie Sanders, Common Sense, and Moral Hazard

by Dan Mitchell | Sep 9, 2019 | Big Government, Blogs

Something really strange is happening. Yesterday, I wrote about how I agreed with Trump on a trade issue. Today, I’m going to agree with Crazy Bernie about a moral hazard issue. Shocking, but true. The Vermont socialist actually understands that it makes no sense to...
The Statist (and Senseless) Agenda of Kamala Harris

The Statist (and Senseless) Agenda of Kamala Harris

by Dan Mitchell | Jan 22, 2019 | Big Government, Blogs, Taxation

It seems like every Democrat in the country plans to run against Trump in 2020 and presumably all of them will feel compelled to issue manifestos outlining their policy agendas. Which gives me lots of material for my daily column. I’ve previously written about statist...
A Thanksgiving Turkey from the Department of Agriculture

A Thanksgiving Turkey from the Department of Agriculture

by Dan Mitchell | Nov 22, 2018 | Big Government, Blogs

Some departments of the federal government should be shut down because of federalism. High on that list would be the Department of Education and Department of Transportation. Other departments should be shut down because there is simply no role for any government...
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