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Articles written by Stephen Mihm


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  • Why Presidents Lose So Many Wars On Big Government

    Stephen Mihm, Bloomberg View|Feb 9, 2017

    Donald Trump’s recent flurry of executive orders mandates that for every new regulation issued by any agency, two must be eliminated. This comes on top of a federal hiring freeze and vows to reduce administrative bloat and otherwise force the government bureaucracy to conform to the kinds of expectations that govern private business. While Trump sees himself as an outsider president bringing new ideas to Washington, these particular ideas would be painfully familiar to his predecessors. For the past century, presidents of both parties have s...

  • Andrew Jackson Never Wanted to Be On the $20 Bill Anyway

    Stephen Mihm, Bloomberg View|Apr 28, 2016

    The announcement by Treasury Secretary Jack Lew that Harriet Tubman will take the place of Andrew Jackson on the front of the $20 bill has caused some grumbling. Senator Lamar Alexander, who like Jackson is from Tennessee, expressed grave misgivings about the swap. Donald Trump said the change was “pure political correctness.” But there’s one major political figure who would be thrilled by the news: Jackson himself. Jackson’s presence on the notes of the Federal Reserve has always been a slap in the face to the seventh president, who unequiv...

  • Tax-Code Reform, Not Customer Service, is the Answer to IRS Problems

    Stephen Mihm, Bloomberg View|Apr 21, 2016

    This probably will beggar belief for the millions of Americans struggling to meet this year’s April 18 deadline to file their income tax returns, but the IRS says it has gotten better at handling taxpayer questions. Two years ago, only 38 percent of the taxpayers who called for help got the assistance they needed. Last year, the number went up to 70 percent. That the IRS counts this as progress is not exactly reassuring. But it’s very much in keeping with the long and vexed history of what is known as “taxpayer assistance.” For seven decades...