by Dan Mitchell | Nov 15, 2021 | Blogs, Economics, Free Market
Back in May, as part of a discussion about the tradeoff between free markets (efficiency) and redistribution (equity), I put together a chart to show how poor people are better off in the long run if policy makers focus on the former rather than...
by Dan Mitchell | Nov 14, 2021 | Blogs, Economics
There are some issues – such as class-warfare tax rates and the minimum wage – where intelligent people on the left will privately admit being wrong (or at least they will admit adverse consequences). Another example is rent control. Indeed,...
by Dan Mitchell | Nov 12, 2021 | Blogs, Economics
Way back in 2009, I shared a meme that succinctly summarizes how Washington operates. It’s basically a version of Mitchell’s Law. To elaborate, governments cause problems and politicians then use those problems as an excuse to make government even...
by Dan Mitchell | Nov 10, 2021 | Big Government, Blogs, Taxation, Welfare and Entitlements
Biden’s budget plan is based on fraudulent numbers, but it is also based on the fraudulent idea that a big, European-style welfare state can be financed without fleecing lower-income and middle-class taxpayers. I’ve repeatedly pointed out that this is not...
by Dan Mitchell | Nov 9, 2021 | Big Government, Blogs
Civil asset forfeiture occurs when bureaucrats literally steal a person’s property when the person hasn’t been convicted – or perhaps not even charged – of any wrongdoing. Citing a nauseating example of this odious practice, I wrote back in...
