by Dan Mitchell | Nov 29, 2017 | Blogs, Economics, Taxation
I have a fantasy of junking the entire corrupt tax system and adopting a simple and fair flat tax. I have an even bigger fantasy of shrinking the size and scope of the federal government to what America’s Founders intended, in which case...
by Dan Mitchell | Sep 3, 2017 | Blogs, Economics
Government subsidies have an unfortunate habit of causing widespread economic damage and often result in huge burdens for taxpayers (though sometimes consumers are the ones getting pillaged). Fannie Mae and Freddie Mac subsidies contributed to a massive housing...
by Dan Mitchell | Mar 18, 2017 | Big Government, Blogs, Government Spending, Government Waste
Donald Trump’s Budget Blueprint doesn’t thrill me, largely because it’s silent on the very important issues of tax reform and entitlement reform. All that he’s proposing is to rearrange the allocation of annually appropriated spending (the so-called discretionary...
by Dan Mitchell | Mar 17, 2017 | Big Government, Blogs, Government Spending
President Trump has released his budget blueprint. From a big picture perspective, the size of government won’t change. He’s kicking the can down the road on entitlements, which is obviously disappointing for people who can add and subtract. He does cut some domestic...
by Dan Mitchell | Dec 18, 2016 | Blogs, Economics
Remember the financial crisis and market meltdown from late last decade? That wasn’t a fun time, and we’re still dealing with some of the fallout. Let’s specifically look at Fannie Mae and Freddie Mac, the two privately owned but government-created housing finance...
