Dan Mitchell of Cato (and the Centre for Freedom and Prosperity) is a guy I enjoy speaking and listening to as well, he is a great Libertarian thinker and regular commentator on Bloomberg, CNBC, CNN and Fox News. Here are two of his latest video’s, the first is on debt and the second is about money laundering laws.
This is an interesting video and well worth a listen, the video that Dan is referring to in the first one is the one posted below. He talks about the ‘Rahn Curve’ which is a ‘Government spending effect’ version of the Laffer Curve. The argument for smaller government is massive, in Ireland we have almost a fifth of the workforce either directly or indirectly employed totally by the state.
Extraction cost is something that we could do well to begin to come to grips with in Ireland, the autopilot answer we often hear about the ‘government needs to fix this’ should be more carefully considered, because the state is happy to step in (for the most part) but at what price?