by Dan Mitchell | Oct 16, 2021 | Blogs, Economics
A regular theme of these columns is that the economy is not a fixed pie. If Person A becomes rich, that doesn’t mean less income for Persons B and C. Indeed, the evidence is very strong that successful entrepreneurs only capture a tiny fraction of the...
by Dan Mitchell | Oct 15, 2021 | Big Government, Blogs
I will be very happy if politicians reject Biden’s tax-and-spend agenda because they realize it will undermine U.S. competitiveness and reduce American prosperity. But I’ll be pleased if they simply reject his budget because they’re scared of...
by Dan Mitchell | Oct 14, 2021 | Blogs
As explained in this video by Dennis Prager, communism is an evil ideology that has led to the murder of more than 100 million people and the enslavement of hundreds of millions more. All decent people should not only reject communism, but also ostracize...
by Dan Mitchell | Oct 13, 2021 | Blogs, Economics, Supply Side, Taxation
Reducing the corporate tax rate from 35 percent to 21 percent was the crown jewel of Trump’s 2017 Tax Cut and Jobs Act (TCJA). It was good for workers since a lower rate means more investment, which translates to increased productivity...
by Dan Mitchell | Oct 12, 2021 | Big Government, Blogs, Europe, Welfare and Entitlements
I freely admit that I don’t like President Biden’s fiscal agenda in part because of my libertarianism. Simply stated, I’m instinctively skeptical when someone wants to expand government. But I’m also an economist who believes in cost-benefit...
