by Dan Mitchell | Mar 5, 2022 | Blogs, Economics, Trade
In Part I of this series, I pointed out that Biden’s plethora of proposed handouts and subsidies would lead to higher prices and more inefficiency. And in Part II, I explained that his discussion of inflation was embarrassingly inaccurate. In today’s column, we’re...
by Dan Mitchell | Mar 4, 2022 | Big Government, Blogs
Yesterday’s column explained that Biden’s proposals to expand the welfare state were bad news, in part because government subsidies often lead to inefficiency and higher prices. That’s not a smart strategy when inflation already is at...
by Dan Mitchell | Mar 3, 2022 | Big Government, Blogs, Economics, Welfare and Entitlements
Joe Biden’s economic policy has been a disaster. He’s bad on the issues where Trump was bad (spending and trade).He’s bad on the issues where Trump was good (most notably, taxes).And he’s bad on the issues where Trump had...
by Dan Mitchell | Mar 2, 2022 | Blogs, Economics
I’ve previously explained that “creative destruction” is the best and worst part of capitalism. This new video has more details. I have three goals with this video. First, I explain that trade destroys jobs. But protectionists won’t be happy with my message...
by Dan Mitchell | Mar 1, 2022 | Big Government, Blogs
Redistribution is bad economic policy. As the great Thomas Sowell observed, the people who finance redistribution are hurt because they get taxed for working and producing. And the people on the receiving end often are hurt because they get lured into...
