by Dan Mitchell | Aug 8, 2019 | Blogs, Economics, Supply Side, Taxation
At the risk of over-simplifying, the difference between “supply-side economics” and “demand-side economics” is that the former is based on microeconomics (incentives, price theory) while the latter is based on macroeconomics (aggregate demand, Keynesianism). When...
by Dan Mitchell | Aug 7, 2019 | Blogs, Economics, Free Market
For libertarians, there aren’t many good role models in the world. There are a few small jurisdictions such as Bermuda, Monaco, and the Cayman Islands that are worth highlighting because of strong rule of law and good fiscal policy. There are also a few medium-sized...
by Dan Mitchell | Aug 6, 2019 | Blogs, Economics, Trade
In this interview with Fox Business, I make my usual points (trade barriers are misguided, China is protectionist, Trump’s not responding wisely, etc). For today’s column, though, I want to discuss who actually bears the burden of Trump’s trade taxes. All of us...
by Dan Mitchell | Aug 5, 2019 | Blogs, Economics, Taxation
In my libertarian fantasies, we dramatically shrink the size of the federal government and return to pre-1913 policy by getting rid of the income tax. But if I’m forced to be at least vaguely realistic, the second-best option is scrapping the current tax code and...
by Dan Mitchell | Aug 4, 2019 | Blogs, Economics
I periodically mock the New York Times when editors, reporters, and columnists engage in sloppy and biased analysis. Claiming Medicaid cuts in a piece that shows rising outlays for the program. Asserting that government schools are “starved of funding” when taxpayer...
