Tag: Government Spending
Watch “Milton Friedman – The Robin Hood Myth” on YouTube
The Political Dogma: Government social “reinvestment” programs benefit the poor at the expense of the wealthy. The Political Reality, as instantiated by Director’s Law: Public program expenditures primarily benefit the upward rising middle classs at the expense of the wealthy …
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Government Shutdowns and Economic Activity | International Liberty
From a microeconomic perspective, there is some genuine disruption for affected federal bureaucrats, even if they eventually will get full – and lavish – compensation for their involuntary vacations. And some federal contractors are being hit as well. There’s also …
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What’s Required to Finance Roads, Schools, and Healthcare? | International Liberty
To elaborate, not only do jurisdictions such as Hong Kong and Singapore enjoy impressive growth, they also get very high scores for infrastructure, education, and health outcomes. In other words, these nations are role models for “public sector efficiency.” What …
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Rich Nations that Enact Big Government Don’t Remain Rich | International Liberty
“United States would be almost as poor as Mexico today if growth was just one-percentage point less every year starting in 1895. That was just a hypothetical exercise. There are some very sobering real-world examples. For instance, Nima Sanandaji pointed …
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The Continuing Success of Switzerland’s Spending Cap | International Liberty
“Governments should copy Switzerland and impose a spending cap. I explained this system in a column for the Wall Street Journal back in 2012.” …85% of its voters approved an initiative that effectively requires its central government spending to grow …
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When America’s Fiscal Crisis Hits, Be Forewarned that Tax Increases Will Make a Bad Situation Worse | International Liberty
Moreover, I will point out that higher taxes most likely will simply trigger and enable additional spending. And I will warn that tax increases will undermine economic performance. Regarding that last point, three professors, led by Alberto Alesina at Harvard, …
