by Dan Mitchell | Nov 2, 2019 | Big Government, Government Spending, Health Care, Taxation
I’ve always considered Senator Bernie Sanders to be the most clueless and misguided of all presidential candidates. But I also think “Crazy Bernie” is actually sincere. He really believes in socialism. Elizabeth Warren, by contrast, seems more calculating. Her...
by Dan Mitchell | Nov 1, 2019 | Big Government, Blogs, Economics, Socialism
Lord Acton famously noted that “power corrupts and absolute power corrupts absolutely.” I need to develop something similar about socialism. Based on the statism spectrum, it could be something like “socialism deprives and absolute socialism deprives absolutely.” In...
by Dan Mitchell | Oct 31, 2019 | Blogs, Taxation
My all-time favorite bit of Halloween humor is this video, which I periodically recycle. Courtesy of the satirists at Babylon Bee, we now have some more Halloween-themed humor. A haunted house for our left-leaning friends! It’s that time of year where houses,...
by Dan Mitchell | Oct 30, 2019 | Blogs, Economics, Supply Side, Taxation
In some cases, politicians actually understand the economics of tax policy. It’s quite common, for instance, to hear them urging higher taxes on tobacco because they want to discourage smoking. I don’t think it’s their job to tell people how to live their lives, but I...
by Dan Mitchell | Oct 29, 2019 | Blogs, Economics, Free Market
In early September, I wrote about how capital and labor are both necessary to create prosperity. Economists sometimes explain this with lots of jargon, referring to capital and labor as “factors of production” and pointing out how they are “complementary.” In ordinary...
