by Dan Mitchell | Nov 27, 2019 | Big Government, Blogs, Economics, Socialism
In pure socialist systems, governments own and operate companies (the “means of production“). Such an approach also requires central planning and price controls. But you don’t need socialism to have government-controlled companies. There are plenty of “state-owned...
by Dan Mitchell | Nov 26, 2019 | Blogs, Economics, Free Market
I’m a big fan of Marco Rubio. The Florida Senator has been very good on some big issues and on some small issues. And he’s willing to fight important philosophical battles. No politician is perfect (for instance, Rubio defends sugar subsidies), so I’ve always judged...
by Dan Mitchell | Nov 25, 2019 | Big Government, Blogs, Government Spending, Taxation
I want lower taxes. I want to reform taxes. And I want to abolish existing taxes and block new taxes. But I also recognize that the biggest fiscal problem, both in America and elsewhere in the world, is that there’s too much government spending. This creates a bit of...
by Dan Mitchell | Nov 24, 2019 | Blogs, Education
If I had to identify the most economically destructive part of Senator Elizabeth Warren’s agenda, I’d have a hard time picking between her confiscatory wealth tax and her so-called Medicare-for-All scheme. The former would dampen wages and hinder growth by penalizing...
by Dan Mitchell | Nov 23, 2019 | Big Government, Blogs, Taxation
Free markets and limited government are a tried-and-true recipe for growth and prosperity. Indeed, it’s the only way for a poor nation to become a rich nation. Those are the policies that helpd North America and Western Europe become rich in the 1800s and it’s how...
