by Dan Mitchell | Aug 26, 2023 | Blogs, Economics
Industrial policy is when politicians use subsidies, mandates, protectionism, and other forms of intervention to provide unearned benefits to a specific companies and/or specific industries. The politicians claim that the free enterprise system somehow...
by Dan Mitchell | Aug 25, 2023 | Blogs, Monetary Policy
I wrote earlier this month about the shocking first-place finish by a libertarian in Argentina’s presidential primary. Today, let’s take a close look at what is arguably Javier Milei’s most radical proposal, which is to eliminate his country’s central bank...
by Dan Mitchell | Aug 24, 2023 | Blogs, States, Tax Competition, Taxation
Two of the worst states for tax policy are California and New York. They have punitive income tax rates, high sales taxes, and myriad other ways of diverting money from the productive sector of the economy to finance bloated...
by Dan Mitchell | Aug 23, 2023 | Blogs, Taxation, Trade
When President Biden proposed a 10-year tax hike of about $3 trillion in 2021, I was very critical. But my hostility was not because Biden is a Democrat. I’ve also condemned Republicans who support higher taxes...
by Dan Mitchell | Aug 22, 2023 | Big Government, Blogs, Government Spending
The best evidence for spending caps is the comparison between the United States and Switzerland. Even since Swiss voters overwhelmingly imposed their “debt brake” on politicians 20 years ago, total government spending in Switzerland has increased by an...
