Defending Bill Clinton’s Welfare Reform

by Dan Mitchell | Mar 18, 2021 | Big Government, Blogs, Welfare and Entitlements

Here are four things to understand about poverty and dependency. Throughout most of human history, harsh material deprivation was the norm for the vast majority of people.The development of free enterprise and economic liberty led to dramatic...

What Biden’s Corporate Tax Increase Means for American Competitiveness

by Dan Mitchell | Mar 17, 2021 | Blogs, Taxation

Thanks to globalization (as opposed to globalism), jobs and investment are now very mobile. This means the costs of bad policy are higher than ever before, and it also means the benefits of good policy are higher than ever before. Which is why it’s very...

Biden and the OECD Pushing “Global Minimum Tax” to Increase Business Tax Burdens

by Dan Mitchell | Mar 16, 2021 | Blogs, Tax Competition, Taxation

For the past couple of decades, I’ve been warning (over and over and over and over again) that politicians want to curtail tax competition so that it will be easier for them to increase tax burdens....

Blame Washington for the Great Depression

by Dan Mitchell | Mar 15, 2021 | Blogs, Economics

There are several false narratives about economic history, involving topics ranging from the recent financial crisis to 19th-century sweatshops. But probably the biggest falsehood, as explained in this video by Prof. Lee Ohanian, is...

California Politicians Help Workers…into the Unemployment Line

by Dan Mitchell | Mar 14, 2021 | Blogs, Economics

Over the years, I’ve shared many amusing memes and cartoons about minimum wage laws. But this one, based on a skit from The Eric Andre Show, may be the best of all. Not because it’s making a different point than the others, but because what...