by Dan Mitchell | Mar 2, 2023 | Blogs
Most examples of Mitchell’s Law involve government passing a bad law (increase in minimum wage) that leads to a bad consequence (fewer jobs), which then becomes the excuse for a new bad law (job training programs). Sometimes, though, politicians don’t...
by Dan Mitchell | Mar 1, 2023 | Blogs
Libertarians have a knee-jerk desire to shrink the footprint of government, even advocating for unconventional ideas such as private roads, private mail delivery, private pensions, private money, and private air traffic control. And, as captured by this Reason video,...
by Dan Mitchell | Feb 28, 2023 | Blogs, Taxation
Marginal tax rates (how much you are taxed for earning additional money) have a big impact on incentives to engage in productive activity such as work, saving, investment, and entrepreneurship. This is why governments should keep tax rates at modest levels. But as you...
by Dan Mitchell | Feb 27, 2023 | Big Government, Blogs
My Democratic friends correctly argue that Republicans have a corruption problem and my GOP friends correctly argue that Democrats have a corruption problem. I wish both sides would recognize that...
by Dan Mitchell | Feb 26, 2023 | Big Government, Blogs, Government Spending
In this segment from a December interview, I explain that budget deficits are most likely to produce inflation in countries with untrustworthy governments.* The simple message is that budget deficits are not necessarily inflationary. It depends how budget deficits are...
