by Dan Mitchell | Aug 5, 2021 | Blogs, Free Market, Uncategorized
As I’ve repeatedly pointed out, capitalism (oops, I mean free enterprise) is far superior than the various forms of statism. Just last month, I shared a video with 20 example of market-friendly jurisdictions growing much faster than...
by Dan Mitchell | Aug 4, 2021 | Big Government, Blogs, Taxation
I’ve written many times about how big businesses often climb in bed with politicians to lobby for anti-market policies such as subsidies, bailouts, and protectionism. To get these special favors, they often deploy the “baptists and...
by Dan Mitchell | Aug 3, 2021 | Blogs, Economics, Monetary Policy
I’m not a big fan of the Federal Reserve, mostly because of its Keynesian monetary policy. Incumbent politicians often applaud when the central bank intervenes to create excess liquidity and artificially low interest rates. That’s because the...
by Dan Mitchell | Aug 2, 2021 | Big Government, Blogs, Taxation, Uncategorized
I recently explained the evolution of taxation – and the unfortunate consequences of income taxation – to a seminar in the country of Georgia. One of my main points was that income taxes are a relatively new source of revenue. The first income tax was adopted in the...
by Dan Mitchell | Aug 1, 2021 | Blogs, Economics
China is not going to surpass the United States as the world’s dominant economy. As I first wrote back in 2010, China is a paper tiger. Yes, there was some pro-market reform last century, which helped reduce mass poverty, but China only took...
