by Dan Mitchell | Aug 28, 2023 | Blogs, Economic Growth
In large part because of an economic system completely at odds with human nature, communists have a nasty habit of never delivering on Marx’s vision. They promise equality, but the elite enjoy lavish lifestyles while ordinary people...
by Dan Mitchell | Aug 27, 2023 | Big Government, Blogs, Free Market
I’m not a fan of so-called national conservatism, largely because many proponents of this Trump-like approach want a bigger burden of government. In some cases, they want new programs to increase Washington’s power over the economy (such...
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...
