by Dan Mitchell | Jul 5, 2019 | Big Government, Blogs
One of the worst examples of Washington cronyism is the Export-Import Bank, which has provided subsidies for big companies that sell to foreign buyers. Corrupt firms such as Boeing and General Electric argue that they need help from the Ex-Im Bank in order make those...
by Dan Mitchell | Jul 4, 2019 | Blogs, Taxation, Trade
For my annual Independence Day columns, I sometimes try to make serious points, such as last year when I shared the very wise words of Calvin Coolidge, who is probably America’s most-underappreciated president. Or when I wrote about the proper meaning of patriotism,...
by Dan Mitchell | Jul 3, 2019 | Big Government, Blogs, Economics, Socialism
By offering all sorts of freebies to various constituencies, Bernie Sanders has positioned himself as the true-believing socialist in the Democratic race (even though he’s actually a member of the “top-1 percent”). But he has plenty of competition. Kamala...
by Dan Mitchell | Jul 2, 2019 | Blogs, Economics
It’s not easy picking the most pessimistic chart about Japan. The country suffered several decades of economic stagnation following the collapse of a bubble about three decades ago. That means it’s a bit of a challenge to identify the worst economic numbers. Is it the...
by Dan Mitchell | Jul 1, 2019 | Blogs, Capital Gains, Economics, Taxation
One of the worst features of the internal revenue code is the pervasive bias against income that is saved and invested. People who immediately consume their after-tax income are largely untaxed (thankfully, we don’t have a value-added tax), but there are several...
