by Dan Mitchell | Oct 12, 2018 | Big Government, Blogs, Economics, Welfare and Entitlements
One of the more elementary observations about economics is that a nation’s prosperity is determined in part by the quantity of quality of labor and capital. These “factors of production” are combined to generate national income. I frequently grouse that punitive tax...
by Sven R. Larson | Sep 17, 2018 | Big Government, Blogs, Taxation, Welfare and Entitlements
I rarely get surprised these days by the pervasive economic illiteracy on the left. Yet precisely that happened when a friend sent me a link to an article in Forbes Magazine from back in April. The article claims that: Walmart’s low-wage workers cost U.S....
by Dan Mitchell | Aug 21, 2018 | Big Government, Blogs, Welfare and Entitlements
Paul Krugman has butchered numbers when writing about fiscal policy in nations such as France, Estonia, Germany, and the United Kingdom. Today, we’re going to peruse his writings on Denmark. Here’s some of what he wrote earlier this month. Denmark can teach us…about...
by Dan Mitchell | Aug 3, 2018 | Big Government, Blogs, Welfare and Entitlements
Last September, I shared some very encouraging data showing how extreme poverty dramatically has declined in the developing world. And I noted that this progress happened during a time when the “Washington Consensus” was resulting in “neoliberal” policies (meaning...
by Dan Mitchell | Jul 5, 2018 | Blogs, Taxation
Last week, I shared very grim data, going all the way back to 1880, on the growth of the welfare state. I even claimed that the accompanying graph was the “western world’s most depressing chart” because it showed the dramatic increase in the burden of government...
