by Dan Mitchell | Jan 10, 2014 | Blogs, Economic Growth, Economics
Washington is in the middle of another debate about redistributing money. But that’s hardly newsworthy. Politics, after all, is basically a never-ending racket in which insiders buy votes and accumulate power with other people’s money. The current debate about...
by Dan Mitchell | Jan 8, 2014 | Big Government, Blogs, Welfare and Entitlements
I’ve shared many charts over the years, but two of the most compelling ones deal with poverty. The numbers in this chart, which are based on Census Bureau data and scholarly studies (see here, here, here, and here), show that the poverty rate was steadily...
by Dan Mitchell | Dec 20, 2013 | Big Government, Blogs, Government Spending, Welfare and Entitlements
The welfare state is a nightmare. Programs such as Medicaid are fiscal catastrophes. The food stamp program is riddled with waste. The EITC is easily defrauded, even sending checks to prisoners. And housing subsidies are a recipe for the worst forms of social...
by Dan Mitchell | Oct 18, 2013 | Big Government, Blogs, Economics, Health Care, Welfare and Entitlements
Obamacare was put together by people who don’t understand economics. This is probably the understatement of the year since I could be referring to many features of the bad law. The higher tax burden on saving and investment, making an anti-growth tax system even...
by Dan Mitchell | Sep 1, 2013 | Big Government, Blogs, Europe, Government Spending
We’re making a tiny bit of progress in the battle against the welfare state. No, policy hasn’t changed yet, but at least there’s growing recognition that maybe, just maybe, it’s not a good idea to pay people not to work. Particularly when you trap them in lives of...
