by Dan Mitchell | Jul 5, 2021 | Big Government, Regulations
Most people say the key feature of capitalism is competition. Hard to argue with that characterization, but I would go one step further and say that it is one of the consequences of competition – “creative destruction” – that best captures why free markets...
by Dan Mitchell | Jul 4, 2021 | Blogs, Society
Since this is America’s Independence Day, I’m going to continue my tradition (see 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, and 2020) of authoring a July 4-themed column. What will make this year...
by Dan Mitchell | Jul 3, 2021 | Big Government, Blogs, Government Spending
I’m not optimist about America’s fiscal future. Thanks primarily to entitlement programs, the long-run outlook shows an ever-increasing burden of government spending. And rather than hit the brakes, Biden wants to step on the gas with new giveaways,...
by Dan Mitchell | Jul 2, 2021 | Economics, Supply Side, Taxation
Almost everybody (even, apparently, Paul Krugman) agrees that you don’t want to be on the downward-sloping part of the Laffer Curve. That’s where higher tax rates do so much economic damage that government collects even less revenue. But I would argue...
by Dan Mitchell | Jun 30, 2021 | Blogs, Education
The most powerful argument for school choice is that children from poor families will be more likely to get a high-quality education. After all, these are the kids most likely to be trapped in failing government schools. But there are lots of secondary...
